Saudi Walaa Insurance ink $2.58mln deal with Advanced Petrochemical

The contract duration is one year

  
Oil refinery power station at sunset, Petrochemical industrial plant. Image used for illustrative purpose.

Oil refinery power station at sunset, Petrochemical industrial plant. Image used for illustrative purpose.

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Riyadh –  Walaa Cooperative Insurance Company has signed an insurance agreement with Advanced Petrochemical Company.

Under the SAR 9.53 million deal, Walaa will provide various insurance coverage services to the petrochemicals company, according to a statement to the Saudi Stock Exchange (Tadawul) on Thursday.

The contract duration is one year, the statement revealed.

Furthermore, the financial impact of the policy will appear on the financial results of 2020.

Source: Mubasher

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