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BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES IT HAS BEEN AWARDED AS THE HEALTH INSURANCE PROVIDER FOR THE SAUDI BASIC INDUSTRIES CORPORATION (SABIC)
Bupa Arabia for Cooperative Insurance announces it has received, on close of business Thursday 27 Ramadan 1438H, corresponding to 22 June 2017G, the confirmation to renew its contract as the health insurance provider for the Saudi Basic Industries Corporation (SABIC) to provide health insurance for its employees and their families for one year starting 4 July 2017. The contract revenues are expected to be greater than 5% of the 2016 annual gross written premium of Bupa Arabia for Cooperative Insurance and it is expected to have an impact on its 2017 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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