إعلان شركة تْشب العربية للتأمين التعاوني عن توقيع عقد مع شركة الصحراء العالمية للبتر&#

A8240 CHUBB-0.1 (-0.28 %)
1443/03/28 Wed Nov 3, 2021 16:00:11

CHUBB Arabia Cooperative Insurance Co. Announces Contract Sign Off with Sahara International Petrochemical Company (SIPCHEM)

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Element List	Explanation
Introduction	Chubb Arabia Cooperative Insurance Company announces that it has received the renewal confirmation of the insurance contract from Sahara International Petrochemical Company (SIPCHEM) for the Insurance coverages, in accordance with the terms and conditions agreed upon.
Date of Announcement of the Award	2021-11-03 Corresponding to 1443-03-28
Contract Subject Matter	Providing Insurance coverage for Property Damage and Business Interruption Risks
Date of Signing the Contract	2021-11-03 Corresponding to 1443-03-28
Contract Value	SAR 52.8 million.
Contract Details	Renewal the contract for the Insurance coverage for property damage and business interruption risks, in accordance with the terms and conditions agreed upon.
Contract Duration	For one year from 31/10/2021.
Financial Impact and the Relevant Period	The contract is expected to have a positive impact on the company's financial results for 2022.
Related Parties	There are no related parties
Additional Information	The company hereby confirms that no preferential treatment has been given in this contract and that it is within the normal business activity of the company.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.