February 1, 2018 / 1:04 PM / 8 months ago

BRIEF-Wataniya Insurance Signs Insurance Coverage Deal With Saudi's NCB

Feb 1 (Reuters) - WATANIYA INSURANCE CO:

* SIGNS AGREEMENT WITH NATIONAL COMMERCIAL BANK TO PROVIDE AUTO INSURANCE COVERAGE FOR VEHICLES SOLD BY BANK UNDER FINANCIAL LEASING PROGRAM

* UNDER THE DEAL CO WILL PROVIDE ONE-YEAR COVERAGE STARTING FROM FEB 01

* ANNUAL INSTALLMENTS OF CONTRACT ARE EXPECTED TO GENERATE OVER 5 PERCENT OF COMPANY’S REVENUE

* EXPECTS FINANCIAL IMPACT FROM THE DEAL TO APPEAR FROM Q1 2018 Source: (bit.ly/2E7pZBQ) Further company coverage:

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