GAPCORP enters into agreement with major distributors in Saudi Arabia

According to Mr. Nasser Watar, Chairman and CEO of GAPCORP, 'Today marks another important milestone in the six year history of our company. This agreement signifies our commitment to our current clients and further establishes our presence in every major market in the world. We have access to some of the fastest growing markets in the world and the ability to provide world class services to our clients.'

'Our Reinsurance Panel has increased to new levels and we are recognised in the reinsurance world as a world class administrator. There is a need to ensure that such products and services are backed by international players who are able to provide credible and continuous support in the local markets. Being a global player and at the same time local, we are able to cater and address the need of our customer's extended warranty solutions closely and from within the understanding of the local market', said Mr Nasser.

GAPCORP also launched its Finance & Insurance (F&I) scheme a mechanism that provides auto dealers with a platform to manage their Finance and Insurance departments. The scheme aims to increase bottom line income to the dealer, improve retention and to provide customers with a one stop shop for all their automotive needs.
GAPCORP already have a joint venture with Zuellig Group, one of the largest privately held companies in South East Asia covering Thailand, Philippines, Singapore, Hong Kong, Malaysia and Indonesia under Asia Warranty Services and in the Gulf Council Countries under GAPGULF and in Europe through its European arm.

GAPCORP also recently signed agreements with US based Warrantech and MEXbirt to penetrate the North American and Latin American markets. The Company's list of clients include BMW, Mercedes, Lexus, Toyota, Nissan, Infiniti, Mazda, Mitsubishi, Orix, HSBC, Standard Chartered, and now, KIA and Hyundai, and many more.