Takaful wins key deal

Gulf Daily News: Takaful International has won the tender to cover Health Ministry's assets and properties for four years.

The tender is estimated to be worth more than $100 million.

This operation was carried out through the Tender Board and Takaful was awarded the contract for providing the best technical and insurance conditions that suit the ministry's technical standards.

Takaful International chief executive officer Younis Al Sayed said this success was evidence of the trust the company has gained for such risks.

He said that Takaful was moving steadily in adhering to successful strategies to achieve more growth and development in insurance business.

"We are delighted to win the Health Ministry tender, it is a proof that we have the best insurance services with competitive prices," he said. "We are committed to providing the best insurance coverage that suits various risks."

Takaful's achievements were not mere coincidence, but, based on careful and comprehensive studies on tenders and capacity to meet competitive standards, general manager Essam Al Ansari said.

"Our expert team thoroughly goes through the tender's conditions to ensure best insurance coverage," he said.

"In addition we work closely with reputed global insurance companies that have high-risk capacity. Thus, this reinforces the company's strength in the local and international markets."