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Arab national bank ANNOUNCES Signing OF AN INSURANCE agreement with Walla Cooperative insurance company (RELATED PARTY)

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Announcement Detail Arab National Bank ANNOUNCES SIGNING of an insurance Agreement for group life insurance and property insurance program with a total annual premium of approximitly SR 2,290,383.78 with Walaa Cooperative Insurance Company. The duration of policies is one year with effect from 01/06/2020, the Board member Mr. Hisham Abdul Latif Al-Jabr, direct interest in the contract as he is the representative of the Arab National Bank on the Board of Directors of Walaa Cooperative Insurance Company. The Bank hereby confirms that no preferential treatment was given on these policies and they are within the usual course of business activity of the Bank.
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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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