| Element List |
Explanation |
| Introduction |
MetLife AIG ANB Cooperative Insurance Company announces the renewal of Directors and Officers Liability policy in the name of Arab National Bank after obtaining the approval of the Board of Directors of the company on 27/06/2019 |
| Date of announcement of the assignment |
2019-06-27 Corresponding to 1440-10-24 |
| Subject of contract |
Directors and Officers Liability policy |
| Date of contract sign off |
2019-06-27 Corresponding to 1440-10-24 |
| Contract Value |
Total premium of SAR 400,000 (excluding VAT) |
| Contract Details |
Renewal of a Directors and Officers Liability policy in the name of Arab National Bank |
| Contract Duration |
12 months starting from 01/07/2019 |
| 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 direct 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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