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Bupa Arabia for Cooperative Insurance Co. Announces Contract Award with The Saudi Basic Industries Corporation (Sabic)
8210
BUPA ARABIA
0.39
%
1445/12/06 12/06/2024 15:40:54
| Element List | Explanation |
|---|---|
| Introduction | Bupa Arabia for Cooperative Insurance announces it has received on Wednesday 12/06/2024G corresponding to 06\12\1445H, the confirmation to renew its contract as the health insurance provider for SABIC to provide health insurance for its employees and their families for one year starting on 05 July 2024G. |
| Date of the Award | 2024-06-12 Corresponding to 1445-12-06 |
| Counterparty | The Saudi Basic Industries Corporation (Sabic) |
| Contract Value | The contract revenues are expected to be greater than 10% of the 2023 annual Gross Written Premium (GWP) of Bupa Arabia for Cooperative Insurance. |
| Contract Details | A contract renewal as the health insurance provider for SABIC to provide health insurance services for its employees and their families for one year starting on 05 July 2024G. |
| Related Parties | Not Applicable. |
| Additional Information | The contract is expected to have a positive impact on Bupa Arabia's 2024 and 2025 financial results. |
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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