Logo design of Al-Etihad Cooperative Insurance Co.
Al-Etihad Cooperative Insurance Co. signed today, Jan 29, a 1 year car insurance coverage contract with Saudi National Bank (SNBto offer detailed insurance protection for economically rented automobiles to people.
In a declaration to TadawulAl-Etihad explained that the worth of the arrangement and the monetary effect can not be precisely figured out due to the various worth of the month-to-month insurance coverage demands got.
The insurance company anticipated the agreement profits to go beyond by 5% of the business’s gross composed premiums for the newest released annual financials for 2022.
The pertinent monetary effect will be shown on the monetary efficiency beginning with Q1 2024, Al-Etihad highlighted, keeping in mind that there are no associated celebrations to the offer.