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The Company for Cooperative Insurance Announces Contract Sign Off with National Water Company

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Introduction The Company for Cooperative Insurance (Tawuniya) announces the singing contract of the insurance policy of National Water Company to provide cooperative health insurance services to its employees and their families.
Date of Announcement of the Award 2022-08-15 Corresponding to 1444-01-17
Contract Subject Matter Provide cooperative health insurance services to the National Water Company employees and their families.
Date of Signing the Contract 2022-08-22 Corresponding to 1444-01-24
Contract Value Contract value exceeds 1% of total revenue as per latest audited financial statements for the year 2021.
Contract Details Provide Health Insurance Services according to relevant terms and conditions for each policy, for a year as of policy starting date.
Contract Duration One calendar year starting from 25 August 2022 and ending on 24 August 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 2022.
Related Parties Mr. Abdulaziz Ibrahim Alnowaiser, Chairman of the Board, has indirect interest as Audit Committee Member in National Water Company, The company ensures that the policy been handled with no special or preferential terms.
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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