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Alinma Bank, Tokio Marine sign SAR752m contract

Alinma Bank, Tokio Marine sign SAR752m contract
Photo Credit: Arabianeye - Reuters
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ALINMA TOKIO M
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Riyadh – Mubasher: Alinma Bank and Alinma Tokio Marine signed on Tuesday an insurance contract to cover the bank’s money risks.

The contract has expected annual premiums of SAR 752 million.

Alinma owns 28.75% stake in the company.

Alinma and Tokio Marine said the contract will reflect on financial results for FY15.