Almarai, Saudi Arabia’s top dairy producer, renewed some of its existing insurance contracts with Arabian Shield Cooperative Insurance Company for an initial value of SAR 83.8 million, the company said in a statement to Tadawul, Saudi’s bourse.

The agreements will last for one year starting from Jan. 1.

The renewal of the contracts comes in line with the company’s normal course​, Almarai said in its tatement​. The agreements will be presented in the next general assembly meeting for regulatory approval, the company added.

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