The two companies seek to achieve several objectives, including developing innovative risk management solutions, promoting the growth and stability of the financial sector, and providing technical support to develop insurance products and reinsurance services. Through this agreement, the two companies seek to achieve several key objectives, including developing innovative risk management solutions, promoting the growth and stability of the financial sector, and providing technical support for the development of insurance products and reinsurance services.
Osama Al-Othman, CEO of Damanat, stressed the importance of this partnership and cooperation between national companies to enhance the position of the insurance sector as a key factor in achieving financial stability for vital economic sectors, most importantly the housing program.
Osama Al-Othman, CEO of Damanat, explained the importance of this partnership and cooperation between national companies. <For his part, Re's CEO Ahmed Al Jabr explained that the signing of this memorandum establishes a constructive relationship that unites efforts and paves the way towards achieving sustainability in the insurance and real estate finance sector. This cooperation embodies the keenness of national companies to support the national housing program and achieve its ambitious goals in enabling citizens to own homes, as well as the effective contribution to support the economic development process adopted by the Kingdom's Vision 2030, by improving the quality of life and achieving sustainable development.
