Riyadh – Mubasher: Al Etihad Cooperative Insurance Company said it signed an agency agreement with Watad National Company for Insurance Agency on Thursday.

The agreement allows the agent to sell the company’s individual and corporate products in Saudi Arabia as per the Saudi Central Bank’s (SAMA) instructions in this regard, according to a bourse disclosure.

The deal will be effective for one year, renewable starting from 1 January 2021.

Al Etihad expects the agreement to reflect positively on sales volume starting from the first quarter (Q1) of 2021.