LIVA inks insurance contract with Ceer

01/10/2024 Argaam
Logo ofLiva Insurance Co.

Logo of Liva Insurance Co.

LIVA Insurance Co. signed today, Oct. 1, a contract with Ceer, Saudi Arabia's first electric vehicle brand, to provide insurance services for construction risk coverage (excluding energy risks), valued at over 5% of total insurance revenue according to the audited financial statements for 2023. 

 

 

In a statement to Tadawul, the insurer said that the contract is effective from today until Nov. 30, 2026. 

 

The contract is expected to have a positive impact on LIVA’s financials for 2024 and 2025, it added. 

 

No related parties are included in the deal, LIVA noted, confirming that the contract is in the ordinary course of doing business and does not confer any preferential benefits. 

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