| Element List |
Explanation |
| Introduction |
Walaa Cooperative Insurance Company announces the signing of insurance agreement with Arab National Bank for providing insurance coverage on the auto leasing financing program |
| Date of Announcement of the Award |
2020-05-21 Corresponding to 1441-09-28 |
| Contract Subject Matter |
Insurance coverage on the auto leasing financing program |
| Date of Signing the Contract |
2020-05-21 Corresponding to 1441-09-28 |
| Contract Value |
The contract value is more than 40,000,000 SAR |
| Contract Details |
Walaa Cooperative Insurance Company announces that it has received on Thursday 2020-05-21 Corresponding to 1441-09-28 the confirmation from Arab National Bank (a related party) to provide insurance coverage on the auto leasing financing program. 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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