AL ALAMIYA FOR COOPERATIVE INSURANCE COMPANY Announces Contract Sign Off with Panda Retail Company

30 September 2020 03:43 PM

LIVA 8280 -0.51% 15.60 -0.08

Element List	Explanation
Date of Announcement of the Award	2020-09-30 Corresponding to 1442-02-13
Contract Subject Matter	Providing General Insurance Services
Date of Signing the Contract	2020-09-30 Corresponding to 1442-02-13
Contract Value	Above 10% of the annual gross written premium of the 2019G annual audited financial statements of Al Alamiya for Cooperative Insurance Company.
Contract Details	Al Alamiya for Cooperative Insurance Company announces that it has received on Wednesday 30/09/2020G, corresponding to 13/02/1442H a confirmation from Panda Retail Company to Providing General Insurance Services for the company for a period of one year starting on 01/10/2020G. The contract revenues are expected to be greater than 10% of the annual gross written premium of the 2019G annual audited financial statements of Al Alamiya for Cooperative Insurance Company.
Contract Duration	One year.
Financial Impact and the Relevant Period	The company expects for this agreement have a positive financial impact on its results for the years 2020G and 2021G
Related Parties	None

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