IssuerAnnouncementDetailsV2Portlet
Al Sagr Cooperative Insurance Co. Announces Contract Sign Off with Key Rent a Car Company Ltd
Element List | Explanation |
---|---|
Introduction | Al Sagr cooperative Insurance Company announces the receipt of the firm order of a Motor insurance policy for Key Rent a Car Co. Ltd. to cover the company's vehicles |
Date of Announcement of the Award | 2024-06-30 Corresponding to 1445-12-24 |
Contract Subject Matter | Motor Insurance policy |
The Entity with Which the Contract was Signed | Key Rent a Car Company Ltd |
Date of Signing the Contract | 2024-07-01 Corresponding to 1445-12-25 |
Contract Value | The contract value exceeds 5% of the total written premiums according to the audited financial statements for the year 2023 |
Contract Details | Provide Commercial Motor Comprehensive insurance services for the company for one year starting from 01 July 2024 |
Contract Duration | For one year starting from 01 July 2024 until 30 June 2025 |
Financial Impact and the Relevant Period | The contract is expected to have a positive impact on the company's financial results for 2024 |
Related Parties | There are no related parties |
Additional Information | The company hereby confirms that no preferential treatment has been given in this contract and that it is within the normal 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.