Chubb Arabia Cooperative Insurance Company Announces the Renewal of an Insurance Contract with Sahara International Petrochemical Company
November 01, 2020 at 11:02 pm EST
Chubb Arabia Cooperative Insurance Company announced 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. The contract is expected to have a positive impact on the company's financial results for 20202021. the Contract Value was SAR 48.7 million. The 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 August 31, 2020.