Saudi ministers approve War Risks Fund

The Council of Ministers has approved the establishment of the Saudi War Risk Pool for goods and ships, aimed at strengthening the maritime insurance market and supporting the continuity of trade and supply chains within the Kingdom. This national mechanism, led by the Saudi Reinsurance Company and overseen by the Insurance Authority, serves as a tool to enhance maritime coverage capacities in accordance with approved regulations, thereby boosting the resilience of the national economy and reinforcing the Kingdom's position as a global logistics hub. The pool contributes to improving technical readiness, expanding market capacities, and benefits insured parties through participating insurance companies.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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