Riyadh – Mubasher: SABB Takaful Company announced a contract signoff with Saudi British Bank (SABB), according to a bourse filing.

SABB Takaful Company has issued new policy money and fidelity all risks premises insurance cover in the name of SABB.

The contracts’ total contribution is more than 1% of the total revenue as per the audited financial statements of SABB Takaful for 2019, with a total contribution of SAR 3.25 million, according to a statement to the Saudi Stock Exchange (Tadawul).

In addition, the contract duration is 12 months starting from 1 December 2019.

SABB Takaful disclosed that the financial impact of the policy will appear on the financial results of 2019.

The further confirmed that no preferential treatment was given on this policy and that it is within the usual business activity of the company.

 

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 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.