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The Company for Cooperative Insurance (Tawuniya) announces the renewal of the insurance policy of Saudi Arabian Airlines (SAUDIA).
| Element List | Explanation |
|---|---|
| Introduction | The Company for Cooperative Insurance (Tawuniya) Announces the renewal of the insurance policy of Saudi Arabian Airlines (SAUDIA), to provide cooperative health insurance services to its employees and their families. |
| Date of Announcement of the Award | 2023-03-05 Corresponding to 1444-08-13 |
| Contract Subject Matter | Provide cooperative health insurance services to Saudi Arabian Airlines employees and their families. |
| Date of Signing the Contract | 2023-03-06 Corresponding to 1444-08-14 |
| Contract Value | Contract value exceeds 5% of total revenue as per latest audited financial statements for the year 2021. |
| Contract Details | The Company for Cooperative Insurance (Tawuniya) received a firm order from Saudi Arabian Airlines (SAUDIA) on 05/03/2023 to renew the health insurance Policy for its employees and their families. The contract value exceeds 5% of total revenue as per latest audited financial statements for the year 2021. |
| Contract Duration | One calendar year starting from 06 March 2023 |
| Financial Impact and the Relevant Period | A positive financial impact is expected on the gross written premium and financial results of the company for 2023. |
| Related Parties | None |
| Additional Information | None |
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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