2016 Surplus Distribution For The Policyholders

2016 Surplus Distribution For The Policyholders

In accordance with the Law On Supervision of Cooperative Insurance Companies, and with the Surplus distribution Policy issued by SAMA, AlSagr Cooperative Insurance Company would like to announce that it has started the process of the surplus distribution for the eligible policyholders with respect to the year 2016. The surplus will be distributed within 6 months from 16/5/2017 being the date the General Assembly had approved the 2016 financial statements.

The policyholders will be notified in regard of the 2016 surplus distribution upon completion of all the requirements in this regard.

The eligible policyholders have the choice to receive the surplus amount by cheque/ bank transfer or seek rebate in renewal amount(s) due, the eligible policyholders can also donate the surplus amount to authorized charities through the company if a written permission from them given to the company.