ALINMA TOKIO MARINE RECEIVES A MARINE CARGO INSURANCE CLAIM

Alinma Tokio Marine announces the receipt of a Marine Cargo Insurance claim from our client as a result of the sinking of a ship and subsequent total loss of cargo insured at SAR 48,164,098.

Alinma Tokio Marine company has limited retention of this claim and has notified co-insurance and reinsurance companies to pay their respective shares. The claim retention share of Alinma Tokio Marine is SAR 2,600,861

The company is following all statutory procedures for the settlement of the claim to the insured.

Alinma Tokio Marine will announce any substantial developments if necessary.