Alinma Tokio says lawsuit filed by Abdul Latif Jameel Real Estate for COVID-19 losses

14/02/2022 Argaam

Logo of Alinma Tokio Marine Co.

Alinma Tokio Marine Co. announced that the recently filed lawsuit against it is from its former client, Abdul Latif Jameel Real Estate Investments Ltd. Co., whose contractual relationship ended with the company on April 30, 2021.

 

The company said in a bourse filing that it is too early to determine the financial impact of the case and will be disclosed in due course.

 

According to data compiled by Argaam, the insurer announced on Feb. 9, that a client company brought a case against it demanding compensations due to damages caused by COVID-19.

 

The plaintiff claimed compensation and recovery for the damage sustained, in accordance with the policy issued, for SAR 287 million.

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