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Walaa Cooperative Insurance Company announces signing Bancassurance Distribution agreement with Arab National Bank (Related Party)

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Announcement Detail Walaa Cooperative Insurance Company announces signing Bancassurance Distribution agreement with Arab National Bank (Related Party) On 15/12/2020 (Corresponding to 30/04/1442). after receiving the approval letter number (42024455) from Saudi Central Bank “SAMA” on Wednesday 01/12/2020 (Corresponding to 16/04/1442).

The Board member Mr. Hesham Al Jabr have interest in the policy as he is the representative of Arab National Bank in the Board of Directors of the Company.

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 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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