Elm awards SAR 71.8 mln contract to Tawuniya to provide insurance for employees

20/06/2023 Argaam
Logo ofElm Co.

Logo of Elm Co.

Elm Co. awarded a health insurance contract to The Company for Cooperative Insurance (Tawuniya) – a related party – under which the latter will provide services for the company’s employees and their families.

 

In a statement to Tadawul, Elm clarified that the contract, valued at SAR 71.76 million (VAT included), has a duration of one year from the signing date – June 20, 2023.

 

The deal’s financial impact and cost will be over H2 2023 and H1 2024.

 

Khaled Abdulaziz Al-Ghunaim has an indirect interest in this contract, as a board member in Elm and Tawuniya.

 

The company stressed that the contract was awarded within the normal course of business and without any preferential benefits.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.