ANB signs bancassurance distribution deal with Walaa Insurance

16/12/2020 Argaam

Arab National Bank (ANB) signed, on Dec. 15, a bancassurance distribution agreement with Walaa Cooperative Insurance Co., a related party.

 

The agreement was signed after receiving the approval letter from Saudi Central Bank (SAMA) on Dec. 1, 2020, both firms said in separate bourse statements.

 

Hesham Abdullatif Al-Jabr, a board member, has direct interest in the agreement as he is the representative of ANB in the board of directors of Walaa Insurance.

 

ANB confirmed that no preferential treatment was given on these policies, which are within the usual course of business activity of the bank.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read