SABB Takaful signs ins. deal with Saudi British Bank
Monday, 12 02 2019, Category: Insurance and Reinsurance, Country: Saudi Arabia
SABB Takaful Company announced a contract signoff with Saudi British Bank (SABB), according to a bourse filing.
SABB Takaful Company has issued new policy money and fidelity all risks premises insurance cover in the name of SABB.
The contracts’ total contribution is more than 1% of the total revenue as per the audited financial statements of SABB Takaful for 2019, with a total contribution of SAR 3.25 million, according to a statement to the Saudi Stock Exchange (Tadawul).
In addition, the contract duration is 12 months starting from 1 December 2019.