Logo of SABB Takaful
SABB Takaful signed, today, Dec. 30, a contract with Saudi Home Loans Co. (SHL) to provide credit insurance services at a total value of SAR 26.3 million.
The contract value exceeds 5% of the total annual written premium for 2021, SABB Takaful said in a statement to Tadawul.
The one-year contract is valid from Jan. 1, 2022.
The contract is expected to have an impact on the company’s 2022 financial results, SABB Takaful added.
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