PHOTO
Riyadh – Saudi Arabian Cooperative Insurance Company (SAICO) signed a contract on 4 May 2020 with Al Rajhi Bank.
The deal involves renewing the vehicle insurance coverage sold by the bank through its leasing programme, the company said in a disclosure to the Saudi Stock Exchange (Tadawul) on Tuesday.
The instalments of the one-year contract are expected to be equivalent to 5% of the company’s revenues.
The contract’s financial impact is forecasted to reflect on the company’s performance this year, starting from the second quarter (Q2) of 2020.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
