AL RAJHI COMPANY FOR

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Al Rajhi for Cooperative Insurance : Announces Contract Sign Off with Al Rajhi Bank

11/17/2021 | 02:07am
Al-Rajhi Company for Cooperative Insurance Announces Contract Sign Off with Al Rajhi Bank

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Element List Explanation
Date of Announcement of the Award 2021-11-16 Corresponding to 1443-04-11
Contract Subject Matter Signing a bancassurance agreement in accordance with the rules regulating bancassurance business issued by the Saudi Central Bank.
Date of Signing the Contract 2021-11-16 Corresponding to 1443-04-11
Contract Value The value of the contract cannot be determined, as the value of the written premiums arising from the contract is linked to the sales activity, which cannot be determined.
Contract Details Al-Rajhi Bank to provide marketing and distribution of "bancassurance" products for Al-Rajhi Company for Cooperative Insurance (Al-Rajhi Takaful)
Contract Duration One Calendar Year
Financial Impact and the Relevant Period It is expected to have a financial impact on the company's financial results in 2022
Related Parties Mr. Abdullah Al Rajhi (Chairman)

Mr. Saud Abdullah Al Rajhi (Vice-Chairman)

Mr. Naif Abdullah Al Rajhi (Member)

Mr. Waleed Al Moqbel (Member)

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Al-Rajhi Company for Cooperative Insurance SJSC published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 07:06:03 UTC.

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