Alinma Tokio Marine renews insurance agreement with Abdul Latif Jameel

04/04/2022 Argaam

Logo of Alinma Tokio Marine

Alinma Tokio Marine Co. announced today, April 4, the receipt of insurance contract renewal letters for a number of general insurance products with Abdul Latif Jameel Co. Ltd. on March 31, 2022, according to a bourse filing.

 

Insurance premiums amount to SAR 30.52 million, which is more than 5% for 2022, according to the company. It also noted that the contract period is one year.

 

The insurance coverage starts from April 1, 2022, said the company, adding that there are no related parties.

 

This contract is expected to have a positive impact on the company's 2022 financials.

 

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