Riyadh – Mubasher: Al Inma Bank on Sunday said it signed an insurance deal with Al Inma Tokio Marine, which will provide insurance coverage for the bank's facilities portfolio.
Total expected annual premiums from the contract will amount to SAR 20.4 million, the bank said in a filing to the Saudi Stock Exchange (Tadawul), adding that the one-year contract begins on 1 May.
Both Al Inma Bank and Al Inma Tokio Marine said that the contract will have a positive financial impact on their respective statements for 2016.
