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. |
Comments