Logo of Al-Rajhi Company for Cooperative Insurance (Al Rajhi Takaful)
In a statement to the Bahrain Bourse (BHB), the company noted that the collection of the amount, after expenses, will result in a profit.
The company highlighted that the judgment followed the Committees for Resolution of Insurance Disputes & Violations in Riyadh's acceptance of ARIG's appeal, which annulled the first instance committee's decision to dismiss ARIG's lawsuit against the defendant.
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