Saudi Arabian Cooperative Insurance Company announced its has been awarded by Al-Rajhi Bank to provide insurance coverage. It is expected that the annual premiums for this contract will exceed 5% of the company's revenues Contract Details The Saudi Arabian Cooperative Insurance Company announces that on 30-08-2021 AD, receiving Al-Rajhi Bank notification to provide Motor insurance coverage for the vehicles leased by the bank through its approved lease financing program, provided that the coverage begins on 01-09-2021 AD for a period of one calendar year. and it is expected that the annual premiums for this contract will exceed 5% of the company's revenues, and the company also state that there are no related parties, and it is expected that the financial impact of this contract will appear on the financial performance of the company for the year 2021 AD, starting from the third quarter, noting that the financial impact cannot be determined Accurately, due to the difference in the value of the monthly insurance requests received by the customer. Contract Duration is one year. Financial Impact and the Relevant Period it is expected that the financial impact of this contract will appear on the financial performance of the company for the year 2021 AD, starting from the third quarter, noting that the financial impact cannot be determined Accurately, due to the difference in the value of the monthly insurance requests received by the customer.