Sharakah inks pact with Al Madina Insurance

Sharakah, the well-known agency set up by Royal Decree to support the small and medium enterprise (SME) sector in the Sulanate, has signed an agreement with Al Madina Insurance Company to advance the cause of SME development.

Under the pact, SMEs supported by Sharakah will benefit from three main services provided by Al Madina Insurance Group: preferred Insurance rates on insurance for SME customers of Sharakah, dedicated Service and Focal point specially designated by Al Madina Insurance Company; and one-stop insurance solution for the SMEs supported by Sharakah. Furthermore, both companies will jointly conduct SME insurance awareness programmes from time to time.

The agreement was signed by Ajay Srivastava, Chief Operating Officer of Al Madina Insurance Company, and Abdullah Al Jufaili, Sharakah’s General Manager.

Commenting on the agreement, Ajay Srivastava, Chief Operating Officer of Al Madina Insurance Company said: “We are glad to sign this agreement with Sharakah as we believe in offering customised services to further benefit the small and medium enterprises in Oman and we look forward for a fruitful collaboration..

Sharakah’s General Manager, Abdullah Al Jufaili, added: “We are happy to sign the agreement with Al Madina Insurance Company as we believe in adding more value to the SMEs. The mutual benefits will smooth the development of SMEs in general and those supported by Sharakah will have easier ways of having insurance.”