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Walaa Cooperative Insurance Company announces signing an insurance agreement with Saudi Arabian Oil Company (Aramco) to provide insurance services.

8060
WALAA
-1.16 %
1444/09/11     02/04/2023 09:20:58

Element ListExplanation
Introduction Walaa Cooperative Insurance Company announces the signing of insurance agreement with Saudi Arabian Oil Company (Aramco) for providing insurance coverage on Energy, Property, Motor, Marines and others
Date of Announcement of the Award 2023-03-30 Corresponding to 1444-09-08
Contract Subject Matter Insurance coverage on Energy, Property, Motor, Marines and others.
Date of Signing the Contract 2023-03-30 Corresponding to 1444-09-08
Contract Value The contract value exceeds 15% of the gross written premiums of the company for 2022
Contract Details Walaa Cooperative Insurance Company announces that it has received on Thursday 30/03/2023 G Corresponding to 08/09/1444H the confirmation from Saudi Arabian Oil Company (Aramco) to provide insurance coverage starting on 01/04/2023
Contract Duration One year starting from 01/04/2023
Financial Impact and the Relevant Period The financial impact of the policy will appear on the financial results of the year 2023
Related Parties There is no related party.
Additional Information The Company hereby confirms that no preferential treatment was given on this policy and it is within the usual business activity of the Company.

The Capital Market Authority and Saudi 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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Key Parameters
Last Price 25.55
Net Change -0.3 (-1.16%)
Value Traded (Sar) 7,474,417.15
Volume Traded 292,323
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