​Arabia Insurance inks SAR 85 mln contract with Al Jumaih

01/03/2015 Argaam

Arabia Insurance Cooperative Company (AICC) signed on Thursday an SAR 85 million contract with Al Jumaih Automotive to provide services for the holding company and its affiliates.

Services offered include vehicle, property, marine insurance and other general coverage services.

The contract is valid from March 1 - Feb. 29, 2016.

AICC expects to reap positive results from the new deal, which should be reflected in its first quarter financials, the insurer said in a filing to Saudi Arabia’s bourse

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