Al Alamiya inks insurance coverage deal with Riyad Bank for 1 year

28/04/2020 Argaam

Al Alamiya for Cooperative Insurance Co. (Al Alamiya) signed an insurance coverage agreement with Riyad Bank for 1 year, according to a bourse filing on Tuesday.

 

The company will provide an insurance coverage on the mortgage program as well as group life insurance as of May 1, 2020, it said in a bourse filing on Tuesday.

 

The contract value exceeds 15% of the total gross sales of the latest audited annual financial statements for 2019.

 

The deal is expected to have a positive impact on the company’s financials for FY 2020.

 

In addition, Khalid Hariry has a direct interest in the agreement as he represents Riyad Bank in the firm’s board.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read