Riyadh – Mubasher: Solidarity Saudi Takaful ended on Thursday its contractual relation with Panorama Elite Company for Cooperative Insurance Agency.

The agreement’s cancellation has no negative impact on the company, according to a bourse filing on Thursday.

In March, Saudi Arabia’s Council of Cooperative Health Insurance (CCHI) suspended Solidarity for violating regulations.

The stock added 0.77% to SAR 18.35 at Thursday’s closing session.