Riyadh – Mubasher: Wataniya Insurance Company has been awarded a contract from Samsung C&T Corporation Saudi Arabia on 16 August.
Under the SAR 53.60 million agreement, the listed company will provide all-risk insurance services for the NEOM spine infrastructure, according to a recent bourse disclosure.
Last April, Wataniya Insurance’s shareholders greenlighted a 100% capital hike through a rights issue worth SAR 200 million.
The capital currently stands at SAR 400 million distributed over 40 million shares, compared to SAR 200 million and 20 million shares prior to the increase.
