Malath Cooperative Insurance Co. received a motor insurance letter (tenor financing) from Riyad Bank to insure cars, valid for one year, starting from Nov.1, 2019, with a total annual instalment of 5 percent of the sales on the firm.

 

The insurer said in a statement to Tadawul that it can’t clearly assess the financial impact of the contract as the client will have various requirements every month.

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