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Walaa Cooperative Insurance Company Announces that the Motor Insurance gross written premiums may be improved due to the General Traffic Department’s declaration regarding Compulsory of Vehicle Insurance

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Announcement Detail Reference to the General Traffic Department’s declaration regarding the automatic linking of vehicle insurance details with the National Information Center and implementation of penalty to the uninsured with effect from the beginning of the month of Dhu Al-Hijjah of this year 1441H (Corresponding to 21/07/2020), Walaa Insurance Company would like to announce that the Motor Insurance gross written premiums may be positively impacted and will be reflected in the financials of this year onwards.

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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