Ala​hli Takaful to continue covering NCB personal portfolios

01/01/2015 Argaam

Al​a​hli Takaful Company said Thursday ​that it received ​approval from​ the National Commercial Bank to renew its insurance contract for personal portfolios.


The one-year contract is expected to generate 20 percent of projected installments income for 2015, which will have a positive impact on the year’s results, the company said on Sunday in a statement to Tadawul, Saudi Arabia’s bourse.

Al​a​hli Takaful added that the agreement is subject to the general assembly’s approval.

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