IssuerAnnouncementDetailsV2Portlet
Gulf Union Al Ahlia Cooperative Insurance Co. Announces signing a Contract to provide health insurance services with Saeed Raddad Group (SRACO).
Element List | Explanation |
---|---|
Introduction | Gulf Union Al Ahlia Cooperative Insurance Co. announces that it has signed an insurance contract with Saeed Raddad Group (SRACO) to renew providing cooperative Health insurance services to its employees and their families for one Gregorian year. |
Date of Announcement of the Award | 2025-06-01 Corresponding to 1446-12-05 |
Contract Subject Matter | Contract with Saeed Raddad Group (SRACO) to provide health insurance services according to relevant terms and conditions, for the group employees and their families for one year starting from 01 June 2025. |
The Entity with Which the Contract was Signed | Saeed Raddad Group (SRACO) |
Date of Signing the Contract | 2025-06-01 Corresponding to 1446-12-05 |
Contract Value | The contract value exceeds 5% of the Gross written premiums according to the audited financial statements for the year 2024 |
Contract Details | Contract with Saeed Raddad Group (SRACO) to provide health insurance services according to relevant terms and conditions, for the group employees and their families for one year starting from 01 June 2025. |
Contract Duration | one year starting from 01 June 2025 |
Financial Impact and the Relevant Period | The contract is expected to have a positive impact on Gulf Union Al Ahlia Cooperative Insurance Co. financial results for 2025 and 2026. |
Related Parties | There are no related parties |
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.