Riyadh – Mubasher: MetLife AIG ANB Cooperative Insurance Company on Thursday announced the renewal of an insurance policy with Arab National Bank (ANB).
The total premium of the policy stood at SAR 400,000, excluding the value-added tax (VAT), according to a bourse statement.
The policy will last for 12 months starting from 1 July, MetLife AIG ANB Cooperative Insurance noted.
“The financial impact of the policy will appear on the financial results of the year 2019,” the Tadawul-listed company revealed.
The Saudi insurer reported a 61.4% year-on-year decrease in losses for the full fiscal year 2018, recording SAR 22.3 million.
