Chubb Arabia inks ins. deal for Inochem’s calcium project
Tuesday, 01 21 2020, Category: Insurance and Reinsurance, Country: Saudi Arabia
Chubb Arabia Cooperative Insurance Co. signed on Jan. 19 a SAR 14.8 million contract with Khair Inorganic Chemical Industries Co. (Inochem) to provide insurance services for the construction of a soda ash and calcium chloride production complex at Ras Al-Khair Industrial City.
The financial impact of the contract will appear in Q1 2020 results, the statement said, adding that no preferential treatment was given on this policy and it is within the usual business activity of the insurer.