SNIC opens first retail outlet in Bahrain
Manama, November 19, 2012
Saudi National Insurance Company (SNIC) has announced the opening of its first retail outlet in Bahrain following five years of its successful operation in the Kingdom.
SNIC said the launch of the new centre at Salmabad comes as part of its market expansion plans and also reflects its commitment to clients by giving them more convenience.
The outlet was officially opened by Central Bank of Bahrain (CBB) executive director of financial institutions supervision Abdul Rahman Al Baker. Other CBB officials and SNIC board members attended.
The outlet will sell individual products ranging from private motor, medical and home insurance to individual client handling policy issuance, claims and renewals.
"Having opened our first outlet, we can better serve our clients and provide them with the commitment they deserve by giving them the flexibility of having access to our service from Saturday to Thursday," remarked SNIC official Khalid Al Shaikh.
"As we continue to strive for development of our core competence that makes us unique from our competitors, we held a workshop for our staff to ensure our customers are served in the best manner," he added.-TradeArabia News Service
More Finance & Capital Market Stories
- Insurance House posts second year of profit
- ETF global assets hit record $2.44 trillion
- Bahrain firms plan IPOs
- Serbia wins $1bn Abu Dhabi loan
- Key equity banker resigns from Saudi Fransi
- DMCC to boost Islamic commodity trade with tie-ups
- IDB, KIA units to invest in Morocco
- First Gulf to set up $1bn sukuk in Malaysia
- Singapore’s UOB Bullion and Futures joins DGCX
- Infrastructure investment ‘key to growth’
- BKIC declares 30pc dividend
- StanChart profit falls 16pc in 2013
- Veteran Saudi banker to head AMF
- Dubai World prepays $284m to creditors
- EFG-Hermes sells Damas stake to Mannai
- Ultra rich number to grow 35pc in Mideast
- Saudi IPO market 'set for big year'
- RAK 'exploring' ceramics unit stake sale
- Bahrain Bourse wins key UK award
- Alba backs Euromoney forum
- URC bond rating upgraded to stable outlook
- GCC urged to set up onshore financial centres
- Consolidation push paying off for Bahrain banks
- Mubadala to focus more on US, Europe
- Six banks join plan for shared customer data register
- UAE economy grows 4pc in 2013
- Egypt foreign reserves up to $17.3bn
- StanChart opens second branch in Iraq
- Oil below $90 to hit GCC economies
- Payfort offers zero deposit scheme to SMEs