Alinma Tokio renews insurance deal with Alinma Bank

18/03/2016 Argaam

Alinma Tokio Marine Co. (ATMC) has renewed an insurance agreement with Alinma Bank, the company said in a statement to Tadawul.

 

The insurance coverage, which takes effect on March 19, 2016, will last for one year and is worth a total of SAR 499,892.

 

The agreement is expected to have a positive impact on the company’s 2016 financial performance.

 

ATMC was launched in November 2012 and its investors include Alinma Bank, Tokio Marine & Nichido Fire Insurance Company (Japan), SABIC Industrial Investment, and other local conglomerates.

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