Riyadh – Mubasher: Al Inma Bank on Sunday has renewed an insurance agreement signed with Al Inma Tokio Marine for a year starting from 3 September.
The deal provides insurance coverage against fund risk, with total expected annual premiums from the contract amount to SAR 1.1 million, according to a bourse filing.
In May, Al Inma Bank signed an insurance deal with Al Inma Tokio Marine, which will provide insurance coverage for the bank's facilities portfolio, with total expected annual premiums amount to SAR 20.4 million.
