A8100 SAICO0.02 (0.09 %)
1443/03/27 Tue Nov 2, 2021 15:34:27
Saudi Arabian cooperative insurance company announces signing Bancassurance agreement with Arab National Bank

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Announcement Detail Saudi Arabian cooperative insurance company announces signing Bancassurance agreement with Arab National Bank on 02/11/2021, for a period of three years from the date of signing the agreement, through which insurance products are distributed and sold through the bank, and we state that there are no related parties. It is expected that the financial impact of this agreement will appear on the company's financial performance for the year 2022, noting that the agreement Value & financial impact cannot be determined precisely due to the difference in the value of the monthly insurance applications received by the bank

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.

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SAICO - Saudi Arabian Cooperative Insurance Company SJSC published this content on 02 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2021 12:59:08 UTC.