Gulf Union Cooperative Insurance (Gulf Union) announces the non-renewal of insurance motor policy for the next year starting from19/07/2012 with Al Jabr Trading Company.
The company financially mentioned on the list of the company’s financial statement, at the year ended December 31,2012 that despite the fact of losing this major account, which constitutes 10% of the total premium of the company, they would like to emphasize that it will not have a negative impact.
The company has developed a marketing plan to ensure the coverage of this decline in production and maintain a good momentum of sales growth in the future.
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