Riyadh – Alinma Tokio Marine Company renewed an insurance agreement with Abdul Latif Jameel Group for one year starting 1 April 2021, according to a disclosure to Tadawul.
The deal value is estimated at SAR 34.04 million, with total insurance premiums exceeding 5% of Alinma Tokio's revenues based on the latest financial statements for 2020.
The company expected the contract, which covers a number of general insurance products, to reflect positively on the 2021 income statements.
Alinma Tokio incurred losses worth SAR 1.448 million in 2020, down by 95.75% on an annual basis.
Source: Mubasher
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