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SABB Takaful Co. Announces Contract Award with Al Olayan Group.

SABB TAKAFUL 8080 -2.87% 11.50 -0.34
Element List Explanation
Introduction SABB Takaful announces the awarding of General Insurance Programs with M/s. Al Olayan Group. (Related party).
Date of the Award 2022-09-30 Corresponding to 1444-03-04
Contract Value Total amount is 17,318,667 SR which is more than 1% of the revenue based on the audited financial statement for the year 2021.
Expected Date for Signing the Contract 2022-09-30 Corresponding to 1444-03-04
Contract Details Awarding of General Insurance Programs with M/s. Al Olayan Group.
Related Parties The Chair of Saudi British Bank (SABB) Mrs. Lubna Soluman AlOlayan.
Additional Information These contracts have been signed with no special or preferential terms with the mentioned contracts in this item. The impact of those contract will be shown in the current year financial results 2022.

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