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Walaa Insurance ink SAR 9.5m deal with Advanced Petrochemical

Walaa Insurance ink SAR 9.5m deal with Advanced Petrochemical
The contract duration is one year
WALAA
8060
-0.49% 20.28 -0.10
ADVANCED
2330
-3.03% 60.80 -1.90

Riyadh – Mubasher: Walaa Cooperative Insurance Company has signed an insurance agreement with Advanced Petrochemical Company.

Under the SAR 9.53 million deal, Walaa will provide various insurance coverage services to the petrochemicals company, according to a statement to the Saudi Stock Exchange (Tadawul) on Thursday.

The contract duration is one year, the statement revealed.

Furthermore, the financial impact of the policy will appear on the financial results of 2020.