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The Company for Cooperative Insurance Announces Contract Award with Elm Company (Related Party).

Element ListExplanation
Introduction The Company for Cooperative Insurance (Tawuniya) announces that it has received on Wednesday 29 June 2022, a firm order from Elm Company to provide health insurance services for company employees and their families
Date of the Award 2022-06-29 Corresponding to 1443-11-30
Contract Value 54,739,948 SAR (including VAT)
Expected Date for Signing the Contract 2022-08-01 Corresponding to 1444-01-03
Contract Details Provide health insurance services for Elm employees and their families for one year starting from 30 of June 2022.
Related Parties Mr. Abdulrahman Mohammed AlOdan and Mr.Khalid Abdulaziz AlGhonaim, members of the Board of Directors, has indirect interest being a Board Members of Elm Company, The company ensures that the policy been handled with no special or preferential terms.
Additional Information It’s expected the contract will have positive impact on the company revenue of the year 2022

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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