Element List |
Explanation |
Introduction |
Walaa Cooperative Insurance Company announces the signing of insurance agreement with Arab National Bank for providing insurance coverage on the property program and group life |
Date of Announcement of the Award |
2020-06-01 Corresponding to 1441-10-09 |
Contract Subject Matter |
Insurance coverage on the property program and group life |
Date of Signing the Contract |
2020-05-21 Corresponding to 1441-09-28 |
Contract Value |
The premium without VAT 2,290,383.78 |
Contract Details |
Walaa Cooperative Insurance Company announces that it has received on Thursday 28/09/1441H (Corresponding to 2020/05/21) the confirmation from Arab National Bank (Related Party) to provide insurance coverage on property program and group life for the Bank. for a period of one year starting on 01/06/2020 |
Contract Duration |
One Year |
Financial Impact and the Relevant Period |
The financial impact of the policy will appear on the financial results of the year 2020 |
Related Parties |
The Board member Mr. Hesham Al Jabr have interest in the policy as he is the representative 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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