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Arab National Bank Announces Contract Award with (Walaa Cooperative Insurance Company (related party)

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Introduction Arab National Bank Announces its arrangement to enter into an Insurance agreement with Walaa Cooperative Insurance Company (RELATED PARTY)
Date of the Award 2020-07-08 Corresponding to 1441-11-17
Contract Value SAR 663,000
Expected Date for Signing the Contract 2020-07-08 Corresponding to 1441-11-17
Contract Details Arab National Bank announces its arrangement to enter into an Insurance agreement to cover the Directors and Officers Liability for a period of one calendar year with effect from 08/07/2020 with Walaa Cooperative Insurance Company (related party)
Related Parties The Board of Directors Mr. Hesham Abdullatif Al-Jabr has a direct interest in the contract as a representative of the Arab National Bank in the board of directors of Walaa Cooperative Insurance Company.
Additional Information 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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