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BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES IT HAS BEEN AWARDED AS THE HEALTH INSURANCE PROVIDER FOR THE SAUDI NATIONAL BANK
8210
BUPA ARABIA
-1.63
%
1445/06/15 28/12/2023 08:04:04
| Element List | Explanation |
|---|---|
| Introduction | Bupa Arabia for Cooperative Insurance Company announces it has received the award of the Saudi National Bank (SNB) to provide health insurance services to the bank’s employees and their families, for one year effective from 1 January 2024. The contract is expected to have a positive impact to Bupa Arabia's 2024 financial results as the initial value of the contract exceeds 1% of the 2022 Annual Gross Written Premium (GWP) of Bupa Arabia. |
| Date of the Award | 2023-12-26 Corresponding to 1445-06-13 |
| Contract Value | 337,333,513 SAR |
| Contract Details | To provide health insurance services to the Saudi National Bank employees and their families, for one year effective from 1 January 2024. |
| Related Parties | Ms. Huda Mohammed Nasser Bin Ghoson, as she is an Independent Board Member at Bupa Arabia and an Independent Board Member at SNB. |
| Additional Information | The contract is expected to have a positive impact on the 2024 financial results of Bupa Arabia for Cooperative Insurance Company. |
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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Last Price 204.8
Net Change -3.4 (-1.63%)
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