{"id":106194,"date":"2026-06-16T14:17:37","date_gmt":"2026-06-16T11:17:37","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=106194"},"modified":"2026-06-16T14:17:38","modified_gmt":"2026-06-16T11:17:38","slug":"%d8%b4%d8%b1%d8%a7%d9%83%d8%a9-%d8%a8%d9%8a%d9%86-nhc-%d9%88%d9%85%d9%84%d8%a7%d8%b0-%d9%84%d8%a5%d8%b5%d8%af%d8%a7%d8%b1-%d9%88%d8%ab%d8%a7%d8%a6%d9%82-%d8%aa%d8%a3%d9%85%d9%8a%d9%86","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/106194\/","title":{"rendered":"Partnership Between NHC and \u00abMalaz\u00bb to Issue Insurance Policies Covering Hidden Defects for Contractors"},"content":{"rendered":"

\u201cMalath\u201d Cooperative Insurance Company signed a strategic partnership agreement with the National Housing Services Company (NHC<\/a><\/strong>), aims to issue contractor's insurance policies covering latent defects, in a move that reflects the company's expansion into insurance solutions related to the real estate and development sectors.
The company clarified in a statement via \u201cTadawul\u201d that there is no specific financial value for the agreement at this time, noting that the volume of written premiums will depend on the volume of business and the insurance policies to be issued under the agreement.<\/p>\n\n\n\n

The agreement focuses on regulating and supporting mechanisms for issuing contractor\u2019s insurance policies covering latent defects, as well as linking related services to benefit all parties in the real estate ecosystem\u2014from developers and contractors to residential unit owners\u2014thereby enhancing the reliability and quality of real estate projects.
\u201cMalaaz\u201d expects the positive financial impact of this agreement to be reflected in its results starting in the third quarter of 2026, while confirming that there are no related parties to the agreement, which has a term of one calendar year.
This move comes at a time when the company reported a 45% year-over-year decline in net profit for the first quarter, reaching 5.5 million riyals, due to a decrease in net investment income, Revenue also fell by 12.5% to 297.5 million riyals, impacted by a decline in the automotive sector\u2019s business.<\/p>\n\n\n\n

<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>\u201cMalaz\u201d Cooperative Insurance Company has signed a strategic partnership agreement with the National Housing Services Company (NHC), aimed at issuing contractor\u2019s liability insurance policies covering latent defects, in a move that reflects the company\u2019s expansion into insurance solutions related to the real estate and development sectors.The company clarified in a statement via \u201cTadawul\u201d that there is no specific financial value for the agreement at this time, noting that the volume \u2026 \u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644<\/a>","tag_info":"\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644","comment_count":"0","_links":{"self":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/106194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/comments?post=106194"}],"version-history":[{"count":3,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/106194\/revisions"}],"predecessor-version":[{"id":106210,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/106194\/revisions\/106210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media\/106195"}],"wp:attachment":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media?parent=106194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/categories?post=106194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/tags?post=106194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}