The company said in a statement to the Saudi market (Tadawul) today, Monday, that the value of the contract is an insurance premium of SAR 2.29 million, excluding VAT.
>The company stated that the contract provides for insurance coverage for the group life insurance program and the property insurance program for the Arab National Bank for a calendar year starting from June 1, 2020. >
The company confirmed that the agreement was made within the context of normal business and did not give any preferential benefits, expected that the contract will have a positive impact on the company's financial results for 2020.
