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Walaa Cooperative Insurance Company announces signing an insurance agreement with Saudi Arabian Oil Company (Aramco) to provide insurance services.

WALAA 8060 -1.38% 17.20 -0.24
Element List Explanation
Introduction Walaa Cooperative Insurance Company announces the signing of insurance agreement with Saudi Arabian Oil Company (Aramco) for providing insurance coverage on Energy, Property, Motor, Marines and others.
Date of Announcement of the Award 2021-03-30 Corresponding to 1442-08-17
Contract Subject Matter Insurance coverage on Energy, Property, Motor, Marines and others.
Date of Signing the Contract 2021-03-30 Corresponding to 1442-08-17
Contract Value The contract value exceeds 5% of the gross written premiums of the company for 2020.
Contract Details Walaa Cooperative Insurance Company announces that it has received on Tuesday 30/03/2021 (Corresponding to 17/08/1442H) the confirmation from Saudi Arabian Oil Company (Aramco) to provide insurance coverage starting from 01/04/2021.
Contract Duration One year starting from 01/04/2021.
Financial Impact and the Relevant Period The financial impact of the policy will appear on the financial results of the year 2021.
Related Parties There is no related party.
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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