Mutakamela inks contract with Schlumberger Saudi for energy package policy

02/01/2025 Argaam
Logo ofMutakamela Insurance Co.

Logo of Mutakamela Insurance Co.

Mutakamela Insurance Co. signed, on Jan. 1, a contract with Schlumberger Saudi Arabia for an energy package policy covering the operations and liabilities.

 

In a statement to Tadawul, the company said that the contract value exceeds 5% of the total gross written premiums as per the audited financial statements for 2023.

 

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The contract includes the property and liabilities of the insured to be covered under the energy package policy.

 

The deal has a term of one year from the date of signing and expected to positively impact the company’s Q1 2025 results.

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