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SABB Takaful renews SAR 64m deals with SABB

SABB Takaful renews SAR 64m deals with SABB
SABB Takaful has renewed 3 policies valued at SAR 64 million with SABB
SAB
1060
4.63% 35.00 1.55
SABB TAKAFUL
8080
-2.87% 11.50 -0.34

Riyadh – Mubasher: SABB Takaful Company has renewed three policies with the Saudi British Bank (SABB) valued at SAR 64.4 million.

The three policies are the property all-risk insurance policy, group creditor policy, and group credit card policy, according to a bourse filing on Tuesday.

The Saudi insurance firm noted that the contribution for the renewal of group credit card policy amounted to SAR 3 million, the contribution for group creditor policy amounted to SAR 58.3 million, while the value of the renewal of property all-risk insurance policy amounted to SAR 3.1 million.