| Introduction | The Company for Cooperative Insurance (Tawuniya) announces the renewal of the insurance policy of Saudi Arabian Airlines (SAUDIA) to provide cooperative health insurance services to its employees and their families. |
| Date of Announcement of the Award | 2022-03-03 Corresponding to 1443-07-30 |
| Contract Subject Matter | Provide cooperative health insurance services to the SAUDIA’s employees and their families. |
| Date of Signing the Contract | 2022-03-03 Corresponding to 1443-07-30 |
| Contract Value | The contract value exceeds 5% of the total of growth written premiums of the company for the fiscal year 2020 |
| Contract Details | The Company for Cooperative Insurance (Tawuniya) received a firm order from Saudi Arabian Airlines (SAUDIA) on 03/03/2022 to renew the health insurance Policy for its employees and their families. The contract value exceeds 5% of the total gross written premiums of the company for the fiscal year 2020, subject to the agreed terms and conditions |
| Contract Duration | One calendar year starting from 6 March 2022. |
| 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 | There is no related party |
| Additional Information | None |
