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Walaa Cooperative Insurance Company announces signing an insurance agreement with Advanced Petrochemical Company to provide various insurance coverage

Element ListExplanation
Introduction Walaa Cooperative Insurance Company announces the signing of insurance agreement to provide various insurance coverages with Advanced petrochemical company
Date of Announcement of the Award 2020-08-06 Corresponding to 1441-12-16
Contract Subject Matter Provide various insurances coverage
Date of Signing the Contract 2020-08-06 Corresponding to 1441-12-16
Contract Value Contract value is 9,532,870 SAR
Contract Details Walaa Cooperative Insurance Company announces that it has received on Thursday 06/08/2020 (Corresponding to 16/12/1441) the confirmation from Advanced Petrochemical Company to provide various insurance coverage for a period of one year
Contract Duration One Year
Financial Impact and the Relevant Period The financial impact of the policy will appear on the financial results of the year 2020
Related Parties Mr. Khalifah Abdullatif AlMulhem and Mr. Waleed Mohammad AlJaafari are Boards members in the Board of Directors of both Companies
Additional Information The Company hereby confirms that no preferential treatment was given on this policy and it is within the usual 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.

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