PHOTO
Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) has been awarded a contract with Social Development Bank on Sunday, 26 September.
Al Rajhi Takaful will provide life insurance services for the bank’s loan portfolio as well as for motor insurance, according to a bourse filing on Monday.
The contract value cannot be determined, as the worth of the written premiums resulting from the agreement is linked to the contract’s activities with the Social Development Bank, which cannot be determined at the present time.
The insurance firm noted that the deal will likely have an impact on the company’s financial results in 2021.
No further details, including the contract duration, were disclosed.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2021 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.
