| Element List |
Explanation |
| Introduction |
MetLife AIG ANB Cooperative Insurance Company announces the renewal of a Motor Fleet Policy in the name of Arab National Bank after obtaining the approval of the General Assembly held on 27/06/2018 |
| Date of announcement of the assignment |
2019-03-31 Corresponding to 1440-07-24 |
| Subject of contract |
Motor Fleet Policy |
| Date of contract sign off |
2019-03-31 Corresponding to 1440-07-24 |
| Contract Value |
The premium: SAR 193,065. |
| Contract Details |
Renewal of a Motor Fleet Policy in the name of Arab National Bank with a sum insured of SAR 3,919,000 and a total premium of SAR 193,065. |
| Contract Duration |
12 months starting from 01/04/2019 |
| The financial impact and period that this project will affect |
The financial impact of the policy will appear on the financial results of the year 2019 |
| Related Parties |
The Board members Robert Eid and Nizar Al Twaijri have interest in the policy as they are representatives of Arab National Bank in the Board of Directors of the Company. |
| Additional Information |
The Company hereby confirms that no preferential treatment was given on this policy and it is within the usual business activity of the Company. |
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