| 1994
|
|
» |
Oman
National Investment
Corporation (ONICH) and
Warranty Holdings
International UK form Gulf
Warranties, a joint venture
to provide third party
extended warranties to the
Gulf countries. |
|
» |
This is the
first company to bring the
concept of third party
extended warranties to the
region. |
|
| |
|
| 1995
|
|
» |
Operations
start in the UAE, Kuwait and
Bahrain, mainly covering
Japanese – manufactured
vehicles such as Mazda,
Hyundai, Toyota and Daewoo |
|
» |
Gulf
Warranties pioneers the
concept of Gulf-wide
coverage |
|
| |
|
| 1996 |
|
» |
The head
office in Dubai is opened |
|
» |
To solve
customers’ problems arising
from disparities between
manufacturers’ warranties,
Gulf Warranties starts
covering European vehicles
including Mercedes Benz,
BMW, Audi and the like |
|
| |
|
| 1997
|
|
» |
Operations
start in Saudi Arabia, with
Ford, Kia, Mazda and
Toyota/Lexus |
|
» |
ONICH buys
Warranty Holdings’ shares in
Gulf Warranties Limited |
|
» |
The 50 000
warranty sales milestone in
Gulf-wide sales is reached |
|
| |
|
| 1998
|
|
» |
The Turkey,
Damman and Riyadh offices
open |
|
» |
35 people
now work for Gulf Warranties |
| |
The UAE’s
first used car warranty
products are sold by Gulf
Warranties |
| |
GM Advantage
signs |
|
| |
|
| 1999 |
|
» |
The Qatar
office opens |
|
» |
The Creditor
product is launched |
|
| |
|
| 2000
|
|
» |
Manufacturer-sponsored
schemes are started
Gulf-wide |
|
» |
New car
warranties are provided by
the Kuwait office, through
an agreement with Kuwait
Finance House |
|
» |
Gulf
Warranties has now sold 170
000 warranties |
|
» |
60 000
claims have been paid to
date, totalling $16 million
|
|
» |
New Car
warranty |
|
| |
|
| 2001
|
|
» |
ONIC closes
in Oman; Gulf Warranties
continues to settle claims
there |
|
» |
The Turkish
operation is sold |
|
| |
|
| 2002
|
|
» |
Warranty
Plus, the first ever retail
warranty product is launched |
|
» |
Doha
Insurance and Al Nisr are
signed as fronting agents |
| |
Arab
Insurance Group (ARIG) buys
66% of Gulf Warranties |
| |
Gulf
Warranties copyrights its
GWEMS management software
application |
|
| |
|
| 2003
|
|
» |
Gulf
Warranties opens in Lebanon |
|
» |
ISO
9001:2000 certification is
awarded |
|
» |
Two major
manufacturers’ programmes
start |
|
» |
Audi AG
signs with Gulf Warranties
for the Middle East |
|
» |
The first
ever seven-year powertrain
warranty programme is
launched |
|
| |
|
| 2004
|
|
» |
Mobility
schemes and bank-sponsored
schemes are introduced |
|
» |
The Syria
office opens |
|
» |
Gulf
Warranties has sold over 350
000 warranties and 45 000
ancillary products |
|
» |
Claims paid
total $40 million |
|
» |
Over 50
people now work for Gulf
Warranties |
|
» |
The road
assist programme is launched |
|
» |
The Dubai
Bank scheme is signed |
|
| |
|
| 2005
|
|
» |
The Business
Services Division is formed,
a specialised consulting
group offering services to
the automotive sector |
|
» |
A UAE-wide
vehicle assistance programme
is started for ENOC and
EPPCO. |
|
» |
Abdul Lateef
Al Jameel signs in Saudi
Arabia |
|
» |
Gulf
Warranties commences
operations with National
Commercial Bank in Saudi Arabia |
|
| |
|
| 2006
|
|
» |
Gulf
Warranties opens in Jordan.
|
|
» |
Extends
services in Oman by covering
Nissan vehicles |
|
» |
Staff
strength went upto 80 |
|
| |
|
| 2007
|
|
» |
The Yemen
office opens |
|
» |
staff
strength went upto 180 |
|
» |
Inauguration
of New office in Jeddah |
|
» |
Full branch
level operation started in
Riyadh & Dammam |
|
» |
Opening 12
other branches all over
K.S.A |
|
» |
Gulf
warranties awarded to
contract to Infrasofttech to
develop and implement an ERP
solution |
|
