Riyadh – Mubasher: Walaa Cooperative Insurance Company has signed a contract worth SAR 27 million with the Arab National Bank to provide insurance coverage on the auto leasing financing programme.

The contract duration is one year starting 1 June 2021, according to a bourse filing on Monday.

Walaa Cooperative said the financial impact of the insurance policy will reflect on the financial statements of 2021.

Last March, the insurance firm entered into an agreement with Saudi Arabian Oil Company (Aramco) to provide insurance services to the latter's energy, property, motor, marines, and other products.