AICC wins SAR 62 mln general insurance contract from Al Hokair Group

15/02/2023 Argaam
Logo ofArabia Insurance Cooperative Co.

Logo of Arabia Insurance Cooperative Co.

Arabia Insurance Cooperative Co. (AICC) won a SAR 62 million contract from Al Hokair Group, including Cenomi Centers, Cenomi Retail and other subsidiaries, to provide general insurance services.

 

In a filing to Tadawul, the insurer said the contract is effective for one year starting from Feb. 15, which is the expected date for signing the contract.

 

The contract is expected to have a positive impact on its 2023 financials, the company said, adding that the deal does not involve any related parties.

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