Policy Certificate

Newsroom

Welcome to Newsroom section, the place to find the latest information and press releases at AXA Cooperative . 

Surplus Distribution 2020

14 June 2021

Respected Customers,
Intimation under Article 36 of Surplus
Distribution Policy for year ended 2020
We are pleased to inform you relating to the
distribution of Policyholders’ surplus.
In accordance with the Article 70 of the
Implementing Regulations for insurance and
reinsurance companies issued by Saudi
Central Bank (SAMA), ten percent (10%) of
the net surplus from the insurance operations
should be distributed to the policyholders.

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Surplus Distribution 2019

17 Dec 2020

Respected Customers,
Intimation under Article 36 of Surplus
Distribution Policy for year ended 2019
We are pleased to inform you relating to the
distribution of Policy holders’ surplus.
In accordance with the Article 70 of the
Implementing Regulations for insurance and
reinsurance companies issued by Saudi
Arabian Monetary Authority (SAMA), ten
percent (10%) of the net surplus from the
insurance operations should be distributed to
the policyholders.
 

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Surplus Distribution 2018

22 Oct 2019

We are pleased to inform you relating to the distribution of Policy holders’ surplus. In accordance with the Article 70 of the Implementing Regulations for insurance and reinsurance companies issued by Saudi Arabian Monetary Authority (SAMA), ten percent (10%) of the net surplus from the insurance operations should be distributed to the policyholders. The surplus for the financial year ended 31 December 2018, is payable only to the eligible customers in accordance with the eligibility criteria defined in ‘Surplus Distribution Policy’

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