Al Sagr Insurance signs service contract with Key Rent a Car

22/06/2023 Argaam
Logo of Al Sagr Cooperative Insurance Co.

Logo of Al Sagr Cooperative Insurance Co.

Al Sagr Cooperative Insurance Co. received today, June 22, the firm order of a motor insurance policy for Key Rent a Car Co. Ltd. to cover the company's vehicles, according to a Tadawul statement.

 

It added that the contract value exceeds 5% of the total written premiums according to the audited financial statements for 2022.

 

The contract term will be one year, starting from July 1, 2023 until June 30, 2024, Al Sagr said.

 

It added that the contract is expected to have a positive impact on its financial results for 2023.

 

The insurer also noted that there are no related parties.

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