Gulf General Cooperative Insurance Co. signed a comprehensive motor insurance contract with Aljabr Financing to provide insurance services to its fleet, the insurer said in a statement to Tadawul on Monday.
The one-year contract is effective as of Jan. 1, 2020 and accounts for 5% of the company’s total income according the company’s financial statement of 2018.
The company expected the contract to have a positive impact on its 2020 financial results.
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