AICC wins SAR 25 mln insurance services contract from Al Hokair Group

10/02/2022 Argaam

Logo of Arabia Insurance Cooperative Co. (AICC)

Arabia Insurance Cooperative Co. (AICC) was awarded a contract by Al Hokair Group of Companies to provide general insurance services for the firm’s employees for SAR 25 million.

 

The contract will be valid for one year from the signing date, which is expected to be on Feb. 15, 2022, the company said in a bourse statement.

 

The contract is expected to have a positive impact on the financial results of AICC for 2022, the insurer added, noting that there are no related parties in this deal.

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