Alinma Tokio, Naghi Motors ink SAR 16 mln insurance deal

01/07/2015 Argaam

Alinma Tokio Marine Co. signed on Tuesday a general insurance agreement with Mohamed Yousuf Naghi Motors, with an estimated annual premium of nearly SAR 16 million, the insurer said in a statement to Tadawul.

 

Insurance coverage will be effective as of July 1, 2015 until June 30, 2016.

 

Under the terms, Alinma Tokio will provide vehicle, property, and marine insurance that will also cover accidents.

 

The company added that it expects the deal to bolster its 2015 profit. 

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