8250 · 10/05/2021 16:21:28 · Announcement #63378 · View on Saudi Exchange

Announcement cooperation of AXA Cooperative Insurance Co. for the agreement of selling travel product for saudi’s who’s travelling out KSA.

Element ListExplanation
Announcement Detail In reference to the Saudi Central Bank’s approval of the Mandatory Travel Insurance Product for Saudi Nationals and which benefits cover COVID19 side effects using a common insurance pool between a consortium of Insurance Companies, and the approval of issuing this product via Tawuniya Insurance Company, The Company, AXA Cooperative Insurance Company, would like to announce to the public the signing of an agreement to participate in the insurance pool with a number of insurance companies managed by Tawuniya to cover the risks from this product. The Central Bank’s approval for the signing of this agreement between the companies was obtained on 28/9/1442 H corresponding to 10/05/2021.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.