MetLife AIG ANB Cooperative Insurance Co. renewed an automobile insurance policy for Arab National Bank (ANB), a related party, the insurer said in a statement to Tadawul on Sunday.
The renewed policy, which was signed on March 31, 2019, has a total value of SAR 3.9 million, with a total premium of SAR 193,065.
The one-month policy will come into effect on April 1.
The related financial impact is likely to show during the current year, the insurer added, noting that no preferential treatment was given on this policy.
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