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Saudi Finance Minister Mohammed Al-Jadaan announced that the establishment of the Saudi Fund to Cover War Risks for Goods and Vessels, approved by the Council of Ministers, enhances the insurance market’s capacity to handle maritime risks and supports the continuity of trade and supply chains. The fund aims to improve technical readiness and expand coverage capacity. It is led by the Saudi Reinsurance Company under the supervision of the Insurance Authority, with the participation of insurance companies, to ensure the resilience of the national economy and to strengthen the Kingdom’s position as a global logistics hub.
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