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The Company for Cooperative Insurance Announces Contract Sign Off with .Kafaat Company owned by TAHAKOM Investment Company
8010
TAWUNIYA
0.74
%
1444/08/10 02/03/2023 16:08:38
| Element List | Explanation |
|---|---|
| Introduction | The Company for Cooperative Insurance (Tawuniya) Announces the renewal of the insurance policy of Kafaat Company to provide cooperative health insurance services to its employees and their families. |
| Date of Announcement of the Award | 2023-03-02 Corresponding to 1444-08-10 |
| Contract Subject Matter | Provide cooperative health insurance services to the Kafaat Company employees and their families. |
| Date of Signing the Contract | 2023-03-02 Corresponding to 1444-08-10 |
| Contract Value | Contract value exceeds 1% of total revenue as per latest audited financial statements for the year 2021. |
| Contract Details | The Company for Cooperative Insurance (Tawuniya) received a firm order from Kafaat Company on 02/03/2023 to renew the health insurance Policy for its employees and their families. The contract value exceeds 1% of total revenue as per latest audited financial statements for the year 2021. |
| Contract Duration | One calendar year starting from 05 March 2023 |
| Financial Impact and the Relevant Period | A positive financial impact is expected on the gross written premium and financial results of the company for 2023. |
| Related Parties | Mr. Abdulaziz Ibrahim Alnowaiser, Chairman of the Board, of Company for Cooperative Insurance (Tawuniya, has indirect interest as Chief Executive Officer of TAHAKOM Investments Company, The company ensures that the policy been handled with no special or preferential terms. |
| Additional Information | None |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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