Takaud, Warba announce deal
Takaud yesterday announced the signings of a memorandum of understanding with Warba, whereby the Kuwait-based insurance provider will utilise Takaud’s back-office investment solutions to expand attractiveness of its wide range of life insurance offerings to clients.
Takaud’s Vice Chairman Mazen Hawwa and Warba’s CEO Anwar Al Sabej signed the deal during a special signing ceremony held at the Warba Head Office in Kuwait.
Commenting on the deal, Hawwa said, “This partnership with Takaud will offer Warba’s clients a new experience of sophisticated, managed investment products that are positioned to create more value by way of access to Takaud’s expertly chosen and managed selection of mutual funds and investment strategies.”
Anwar Al Sabej, CEO of Warba Insurance said, “The collaboration between our two companies allows us to add value to our wide range of financial and insurance services.”
Warba Insurance is one of Kuwait’s largest insurance solutions provider and insurance underwriters. Takaud offers a wide range of savings, investment and pension solutions to individuals (both citizens and residents) and corporate clients across the Mena region.
Photo Caption:
Officials shake hands after signing the deal
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