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Allianz Saudi Fransi Cooperative Insurance Co. Announces Contract Sign Off with Al Khaleej Training and Education Company
| Element List | Explanation |
|---|---|
| Introduction | Allianz Saudi Fransi Cooperative Insurance Company announces the signing of its contract with Al Khaleej Training and Education Company to providing medical insurance coverage to its employees and their families |
| Date of Announcement of the Award | 2023-09-01 Corresponding to 1445-02-16 |
| Contract Subject Matter | Medical Insurance Coverage to its employees and their families |
| Date of Signing the Contract | 2023-09-01 Corresponding to 1445-02-16 |
| Contract Value | Contract value exceeds 1% of total revenue as per the latest audited financial statements for the year 2022 |
| Contract Details | The contract covers Medical Insurance to its employees and their families |
| Contract Duration | One year from 01/09/2023G |
| Financial Impact and the Relevant Period | Expected to have a positive impact on the financial result of the company for the period ending 31/12/2023G. |
| Related Parties | 1. Chairman of the Board of Directors of Allianz Saudi Fransi Company, Eng. AlWaleed Bin Abdul-Razzaq Saleh AlDryaan, has an indirect interest in the contract in his capacity as Board Member and CEO of Al-Khaleej Training and Education Company 2. Dr. Abdullah Bin Sughair Muhammad Al-Husseini, a Board member of Allianz Saudi Fransi Company has an indirect interest in the contract in his capacity as a member of the Board of Directors of the Al Khaleej Training and Education Company |
| Additional Information | Allianz Saudi Fransi for Cooperative Insurance confirms that the contract is in the ordinary course of business and did not confer any preferential benefits |
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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