KSA - Alahli Takaful renews SAR 54.7m ins. Contract
Saturday, 12 28 2019, Category: Insurance and Reinsurance, Country: Saudi Arabia
Alahli Takaful Company has announced the renewal of a SAR 54.7 million insurance contract with National Commercial Bank for one year starting 1 January 2020.
The company expects that the transaction will have a positive impact on its financials for the year 2020, according to a bourse statement released on Tuesday.
“AlAhli Takaful confirms that the contract is in the ordinary course of business and has not been granted any special benefits,” the statement added.