Riyadh - Mubasher: Malath Cooperative Insurance Company (Malath Insurance) signed an agreement with National Housing Services to organize and support the issuance process of the contractor's works insurance product for latent defects policies (P-MLTH-1-B-25-061).
The deal aims to integrate related services, serving real estate developers, contractors, and property owners, according to a bourse disclosure.
Signed on 14 June, the agreement will reflect on the company’s financial results commencing from the third quarter (Q3) of 2026.
There is currently no fixed financial value for the agreement, as the expected written premiums will depend on the volume of business and insurance policies issued pursuant to the agreement.
As of 31 December 2025, the listed company’s net profits fell by 19.29% year-on-year (YoY) to SAR 21.70 million from SAR 26.88 million.
