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The Company for Cooperative Insurance Announces Contract Award with TAHAKOM Investment Company and its subsidiaries

Element ListExplanation
Introduction The Company for Cooperative Insurance (Tawuniya) announces that it has received on Thursday , 30 of December 2021, a firm order from The TAHAKOM Investment Company & Subsidiaries to provide health insurance services for company employees and their families.
Date of the Award 2021-12-30 Corresponding to 1443-05-26
Contract Value Contract value exceeds 1% of total revenue as per latest audited annual financial statements for the year 2020
Expected Date for Signing the Contract 2022-01-01 Corresponding to 1443-05-28
Contract Details Provide health insurance services for the company employees and their families for one year starting from 01 of January 2022.
Related Parties Mr. Abdulaziz Ibrahim Alnowaiser, Chairman of the Board, has indirect interest being the Chief Executive Officer of TAHAKOM Investments.
Additional Information It’s expected the contract will have positive impact on the company revenue of the year 2022.