Tawuniya renews Saudia health insurance contract for 1 year

28/02/2021 Argaam

The Company for Cooperative Insurance (Tawuniya) received today, Feb. 28, 2021, a letter from Saudi Arabian Airlines (Saudia) to renew its contract to provide health insurance services for the airline’s employees and their families for one year starting from March 1, 2021.

 

The contract’s value exceeds 5% of the gross written premiums (GWPs) of the company for 2019, the insurer said in a bourse statement.

 

The renewal is expected to have positive financial impact on the GWP and financial results for 2021, the statement added

 

The deal doesn’t include any related parties.

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