MANAMA, Bahrain, December 29, 2015 /PRNewswire/ --
Medgulf Takaful, an insurance company in Bahrain, has entered into an agreement with
Copart Bahrain in a signing ceremony attended by Mr. Nader Saeed Al Mandeel, CEO of Medgulf Takaful
and Mr. Carlos Sabugueiro, CEO of
Copart in the Middle East and
Africa.
(Logo:
http://photos.prnewswire.com/prnh/20141126/718004 )
Together, the companies will work to streamline the salvage
sales process. Copart is a global online auto auction company,
specialising in salvage disposal for insurance and takaful
companies by using its VB3 auction technology, which brings
together potential buyers from across the globe, therefore exposing
a seller's assets to a wider audience and improving transparency
and competition for the vehicles.
On this occasion, Mr. Al Mandeel
commented, "Using Copart's vast experience, technology and
operations knowledge, we aim to improve the process and achieve
higher returns and improvements to our motor portfolio."
Carlos Sabugueiro added, "It is an honour to be adding Medgulf
Takaful to our panel of vehicle suppliers here in Bahrain. Our auctions every Sunday are growing
in strength and scale. This helps all our suppliers of vehicles as
the buyer network continues to increase daily, with regular bidders
being seen from all over the GCC."
ABOUT COPART:
Copart, founded in 1982, provides vehicle sellers with a full
range of remarketing services to process and sell salvage and clean
title vehicles to dealers, dismantlers, rebuilders, exporters and,
in some states, to end users. Copart remarkets the vehicles through
Internet sales utilizing its VB3 technology. Copart sells vehicles
on behalf of insurance companies, banks, finance companies, fleet
operators, dealers, car dealerships and others as well as cars
sourced from the general public. The company currently operates in
the United States and Canada (http://www.copart.com), the
United Kingdom
(http://www.copart.co.uk), Brazil
(http://www.copart.com.br), Germany (http://www.copart.de), the United
Arab Emirates, Bahrain and Sultanate of
Oman (http://www.copartmea.com),
Spain
(http://www.autoresiduos.com), and India (http://www.copart.in). Copart links
sellers to more than 750,000 members in over 150 countries
worldwide through its multi-channel platform. Copart was recently
ranked at the top of Deloitte's "Exceptional 100" list of
companies, which reviewed U.S. publicly traded companies based upon
a multidimensional approach to measuring financial performance. For
more information, or to become a member,
visit http://www.copart.com.
SOURCE Copart Middle East