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BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES IT HAS BEEN AWARDED AS THE HEALTH INSURANCE PROVIDER FOR THE SAUDI TELECOM COMPANY (STC)
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BUPA ARABIA
-0.91
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1440/12/24 25/08/2019 15:21:33
| Element List | Explanation |
|---|---|
| Introduction | Bupa Arabia for Cooperative Insurance announces it has received, during 25 August 2019G, the confirmation of STC to provide it with health insurance services. |
| Date of the Award | 2019-08-25 Corresponding to 1440-12-24 |
| Contract Value | The contract revenues are expected to be greater than 5% of the 2018 annual gross written premium of Bupa Arabia for Cooperative Insurance. |
| Contract Details | To provide health insurance services to the STC employees, and their families, for one year effective from 5 October 2019G. |
| Related Parties | Not Applicable |
| Additional Information | The contract is expected to have a positive impact on the Bupa Arabia 2019 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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