CHUBB Arabia said the deal is expected to have a positive impact on the company’s financial results for 2025/2026
CHUBB Arabia Cooperative Insurance Co. signed, on Dec. 29, a contract with Saudi Electricity Co. (SEC) to provide various insurance coverages in accordance with the terms and conditions agreed upon. 
In a statement to Tadawul, the company said the contract value does not exceed 10% of the total insurance revenue according to the audited financial statements for 2024.
The deal, which is valid for 38 months, is expected to have a positive impact on the company’s financial results for 2025/2026, the statement added, noting that no related parties are included.
The insurer further confirmed that no preferential treatment has been given in this contract and that it is within the normal business activity of the company.
CHUBB Arabia said the deal is expected to have a positive impact on the company’s financial results for 2025/2026
CHUBB Arabia Cooperative Insurance Co. signed, on Dec. 29, a contract with Saudi Electricity Co. (SEC) to provide various insurance coverages in accordance with the terms and conditions agreed upon.
In a statement to Tadawul, the company said the contract value does not exceed 10% of the total insurance revenue according to the audited financial statements for 2024.
The deal, which is valid for 38 months, is expected to have a positive impact on the company’s financial results for 2025/2026, the statement added, noting that no related parties are included.
The insurer further confirmed that no preferential treatment has been given in this contract and that it is within the normal business activity of the company.
