AICC renews SAR 50 mln contract with Aljomaih Holding

28/02/2023 Argaam

AICC renews SAR 50 mln contract with Aljomaih Holding

Logo of Arabia Insurance Cooperative Co. (AICC)

Arabia Insurance Cooperative Co. (AICC) announced the renewal of the general and auto insurance policy coverage contract with Aljomaih Holding Co., at a total value of SAR 50 million, according to a Tadawul statement today, Feb. 28.

 

The contract was signed today and is valid for one year as of March 1, the statement noted.

 

This is expected to have a positive impact on AICC’s 2023 earnings, it added, confirming there are no related parties.

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