Riyadh – Al Alamiya for Cooperative Insurance Company on Wednesday announced a contract sign off with Panda Retail Company.
Under the contract, Al Alamiya will provide Panda with general insurance services for one year, according to a bourse filing.
The contract’s value is expected to exceed 10% of the annual gross written premiums (GWP) of the insurer’s audited financials for 2019.
Moreover, the deal is expected to reflect positively on Al Alamiya’s financial statements for 2020 and 2021.
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