ANB pens insurance deal with Walaa Cooperative

Insurance coverage for the mortgage programme for one year

  

Riyadh – Mubasher: Arab National Bank (ANB) penned an insurance deal with Walaa Cooperative Insurance Company to receive insurance coverage for the mortgage programme for one year.

The contract’s value amounts to approximately SAR 25.95 million, according to a bourse disclosure on Thursday.

Board member, Hesham Abdullatif Al Jabr has a direct interest in the contract as a representative of ANB in Walaa Cooperative’s board.

Walaa Cooperative is a 5.48%-owned subsidiary of ANB.

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.

More From Financial Services