SABB Takaful sigs SAR 26.3 mln insurance contract with Saudi Home Loans

30/12/2021 Argaam

Logo of SABB Takaful

SABB Takaful signed, today, Dec. 30, a contract with Saudi Home Loans Co. (SHL) to provide credit insurance services at a total value of SAR 26.3 million.

 

The contract value exceeds 5% of the total annual written premium for 2021, SABB Takaful said in a statement to Tadawul.

 

The one-year contract is valid from Jan. 1, 2022.

 

The contract is expected to have an impact on the company’s 2022 financial results, SABB Takaful added.

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