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The United Cooperative Assurance Company (UCA) announces signing an insurance agreement with the Saudi BinLadin Group to provide insurance services.

8190
UCA
-2.53 %
1445/03/13     28/09/2023 09:32:16

Element ListExplanation
Introduction The United Cooperative Assurance Company (UCA) announces the signing of an extension of insurance agreement with the Saudi BinLadin Group for extending an engineering insurance coverage
Date of Announcement of the Award 2023-09-27 Corresponding to 1445-03-12
Contract Subject Matter Engineering Insurance Coverage
Date of Signing the Contract 2023-09-27 Corresponding to 1445-03-12
Contract Value The contract value exceeds 5% of the gross written premiums of the company as per latest audited financial statements for the year 2022.
Contract Details Contractors all risks insurance coverage extension for the Custodian of the Two Holy Mosques' extension of Haram project in Makkah
Contract Duration Three months with effect from 01 October 2023 .
Financial Impact and the Relevant Period Expected to have a positive impact on the financial result of the company for the period ending 2023 .
Related Parties There is no related party.
Additional Information The United Cooperative Assurance Company (UCA) confirms that the contract is in the ordinary course of business and did not confer any preferential benefits

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 11.58
Net Change -0.3 (-2.53%)
Value Traded (Sar) 8,319,539.9
Volume Traded 707,614
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