Riyadh – Mubasher: Walaa Cooperative Insurance Company has signed a contract worth SAR 19 million in estimated value with the Saudi Telecom Company (stc) to provide general insurance coverage.

The contract duration is six years from the date of signing the deal on 15 December 2021, according to a bourse disclosure on Thursday.

Walaa Cooperative Insurance noted that the financial impact of the insurance policy will reflect on the income statements of 2021.