Bupa Arabia for Cooperative Insurance Co. Announces Contract Award with SAUDI BASIC INDUSTRIES CORPORATION (SABIC)
|Introduction||Bupa Arabia for Cooperative Insurance announces it has received, during the business day of 03/07/2022, the confirmation to renew its contract as the health insurance provider for SABIC to provide health insurance for its employees and their families for one year starting on 4 July 2022.|
|Date of the Award||2022-07-03 Corresponding to 1443-12-04|
|Contract Value||The contract revenues are expected to be greater than 5% of the 2021 annual gross written premium of Bupa Arabia for Cooperative Insurance.|
|Contract Details||A contract renewal as the health insurance provider for SABIC to provide health insurance services for its employees and their families for one year starting on 4 July 2022.|
|Related Parties||Not applicable|
|Additional Information||The contract is expected to have a positive impact on Bupa Arabia's 2022 financial results.|
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