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"Salama" Gains Final Approval for Home Employment Insurance
Salama Cooperative Insurance Company has announced that it has received final approval from the Saudi Arabian Monetary Authority to market and sell its new insurance product for domestic workers' contracts. This product, aimed at individuals, seeks to regulate rights and obligations between employers and domestic workers, while reducing the financial and legal risks associated with these contracts. The product has been licensed under the mandatory identification number (P – SALM – 1 – I – 26 – 039), allowing the company to commence marketing and operations. This is an important step toward diversifying its product offerings and meeting the growing demand in the domestic labor market in Saudi Arabia.
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