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SABB Takaful renews the Group Care policy for SABB Bank

SABB Takaful renews the Group Care policy for SABB Bank
The impact of this renewal will be seen on FY19 results
SAB
1060
4.63% 35.00 1.55
SABB TAKAFUL
8080
-2.87% 11.50 -0.34

Riyadh – Mubasher: SABB Takaful Company has renewed the Group Care policy for SABB Bank after obtaining the renewal approval from Marsh Broker.

The contribution amount is valued at SAR 3.448 million, SABB Takaful said in a disclosure to the Saudi Stock Exchange (Tadawul) on Sunday.

SABB Takaful further noted that the impact of this renewal will be seen on the financial results of fiscal year 2019.

Additionally, the company confirmed that no preferential treatment was given on this policy as it was carried out within the usual business activity of SABB Takaful.