Riyadh – Mubasher: Arabia Insurance Cooperative Company has been awarded a contract from Al Hokair Group of Companies on 9 February to provide general insurance services.

The contract value is estimated to be SAR 25 million, while the two parties are expected to sign the one-year insurance agreement on 15 February, according to a bourse filing on Thursday.

Arabia Insurance forecast the contract with Al Hokair to reflect positively on its financial results for the full year 2022.