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Liva Insurance Company Announces Contract Award with Banque Saudi Fransi (BSF)
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LIVA
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1446/01/10 16/07/2024 08:56:15
| Element List | Explanation |
|---|---|
| Introduction | Liva Insurance Company announces contract award with Banque Saudi Fransi (BSF) to provide Insurance Services. |
| Date of the Award | 2024-07-15 Corresponding to 1446-01-09 |
| Counterparty | Banque Saudi Fransi (BSF) |
| Contract Value | The agreement value exceeds 10% of the Insurance Revenues of the company as per the latest audited financial statements for the year 2023. |
| Expected Date for Signing the Contract | 2024-07-16 Corresponding to 1446-01-10 |
| Contract Details | Liva Insurance Company announces that it has received on Monday 15/07/2024G Corresponding to 09/01/1446H, the confirmation from Banque Saudi Fransi (BSF) to provide Insurance Services for the bank for a period of one year starting on 16/07/2024G. |
| Related Parties | There is no related party. |
| Additional Information | Liva Insurance company confirms that the contract is in the ordinary course of business and does not confer any preferential benefits. The contract is expected to have a positive impact on Liva Insurance Company's 2024 and 2025 financial results. |
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.
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