2 Days
Source:
الاقتصادية
Malath to issue latent defect certificates with NHC
Mlaz Cooperative Insurance Company has entered into an agreement with the National Housing Company (NHC) to issue insurance certificates for contractor works related to latent defects. The goal is to support the issuance process and serve real estate developers and contractors. The agreement does not currently include a financial value, but it is expected to have a positive financial impact on the company's results starting from the third quarter of 2026. This comes amid a 45% decrease in Mlaz's net profits in the first quarter and a 12.5% decline in revenues.
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