Saudi firm Najm inks accident management deal with UAE’s Saaed company

Saaed’s CEO Ibrahim Yousef Ramel (left) & Najm’s CEO Mohammad Al Suliman (right) during agreement signing in Riyadh
Updated 19 November 2019

Saudi firm Najm inks accident management deal with UAE’s Saaed company

  • Al-Suliman stressed the importance of the insurance sector as a major component of public life, a key contributor to the non-oil local economy in the Kingdom, as well as a main target for enhancing the quality of life as outlined in Saudi Vision 2030

RIYADH: Saudi traffic insurance entity Najm Insurance Services and Emirati traffic control company Saaed have signed an agreement in order to improve accident management and vehicle insurance services in Saudi Arabia and the UAE.
They signed the agreement in Riyadh on Sunday in the presence of Najm’s CEO Mohammad Al-Suliman and Saaed’s CEO Ibrahim Yousef Ramel.
Commenting on the partnership Al-Suliman said: “This agreement forms a starting point for fruitful cooperation between the two nations in the traffic systems sector.”
He added: “Saeed’s work complements Najm’s; where Najm is specialized in vehicle insurance services, Saeed possesses a solid expertise in accident management, which forms an opportunity to achieve a beneficial knowledge exchange, and result in a successful liaison that adds value to the insurance sectors of the two nations.”
Al-Suliman stressed the importance of the insurance sector as a major component of public life, a key contributor to the non-oil local economy in the Kingdom, as well as a main target for enhancing the quality of life as outlined in Saudi Vision 2030.

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Najm Insurance Services, a national company established in 2007 as a result of cooperation between the Saudi Arabian Monetary Authority and the General Authority of Traffic, aims to facilitate road traffic activity and support the vehicle insurance industry in the Kingdom.

“Owing to the support provided by the Saudi Monetary Authority (SAMA) and its partnership with the General Authority of Traffic, Najm is keen to develop its services, in particular the vehicle insurance sector, which forms its key mandate and the second largest insurance division in the Kingdom, with 32 percent of all insurance activity,” he told Arab News, adding that Najm had become a role model for other insurance services.
Ramel expressed his delight at signing this agreement, which reiterates the significance of integration to ensure customer satisfaction, enhance the position of both entities and raise their contribution towards achieving an improved quality of life in Saudi Arabia and the UAE.
“The cooperation between the two entities will add value and form a strong basis for a bright future and the development targets of Saudi Arabia and the UAE,” he said.


Recent archaeological discoveries highlight Saudi Arabia as ‘a cradle of human civilizations,’ Rome conference told

Updated 06 December 2019

Recent archaeological discoveries highlight Saudi Arabia as ‘a cradle of human civilizations,’ Rome conference told

RIYADH: Saudi Arabia has become a leader in the field of archaeological research in the past five years, a major exhibition in Rome was told.

Abdullah Al-Zahrani, director-general of archaeological research and studies at the Saudi Commission for Tourism and National Heritage, said that 44 international archaeological missions had been carried out this year in the Kingdom.

He was speaking on the sidelines of the “Roads of Arabia: Masterpieces of Antiquities in Saudi Arabia Across the Ages” exhibition, which opened at the National Museum of Rome on Nov. 26.

The groundbreaking exhibition was inaugurated by Saudi Minister of Culture Badr bin Abdullah bin Farhan and Italian Minister of Cultural Heritage and Activities Dario Franceschini.

Al-Zahrani said that the Kingdom “has become one of the most advanced countries in terms of archaeological disclosures.”

“Recent discoveries by local and international missions have highlighted the Kingdom’s historical status and cultural depth as the cradle of the beginnings of human civilizations,” he said.

Archaeological discoveries continue to “instil the civilized dimension of the Kingdom,” he said.

“The religious, political, economic and cultural stature that Saudi Arabia enjoys is an extension of its long cultural heritage, in addition to its distinctive geographical position as a bridge and hub of cultural interaction between East and West that made it a meeting point for international land and sea trade routes throughout all ages,” he added.