| Element List |
Explanation |
| Introduction |
Walaa Cooperative Insurance Company announces the signing of insurance agreement to provide various insurance coverages with Advanced petrochemical company |
| Date of Announcement of the Award |
2020-08-06 Corresponding to 1441-12-16 |
| Contract Subject Matter |
Provide various insurances coverage |
| Date of Signing the Contract |
2020-08-06 Corresponding to 1441-12-16 |
| Contract Value |
Contract value is 9,532,870 SAR |
| Contract Details |
Walaa Cooperative Insurance Company announces that it has received on Thursday 06/08/2020 (Corresponding to 16/12/1441) the confirmation from Advanced Petrochemical Company to provide various insurance coverage for a period of one year |
| 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 |
Mr. Khalifah Abdullatif AlMulhem and Mr. Waleed Mohammad AlJaafari are Boards members in the Board of Directors of both Companies |
| 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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