WEQAYA TAKAFUL SIGNS A HEALTH INSURANCE CONTRACT WITH THE SAUDI ELECTRICITY COMPANY

Weqaya Takaful Insurance and Reinsurance Company announces the signing of a three-year contract with the Saudi Electricity Company to provide health insurance services For non-Saudi employees and their family members. As per the signed contract, Weqaya will provide health insurance services to Saudi Electricity Companys employees and their families members in accordance with the agreed conditions and specifications in providing the outstanding health insurance services that are distinguished by the superior quality and the value-added services.

The contract Which will begin from 20th of November 2012, and Which was signed on 19th September 2012 reflects the confident of the Saudi Electricity Company with the technical capabilities and well-known insurance expertise that distinguish Weqaya in the provision of the best health insurance services to ensure the customer satisfaction, and aligned with the highest international standards as result of Weqayas financial and technical strength as well as its locally and regionally well-known professional team.

The company expects that the contract will have a positive impact on Weqaya Takaful Insurance and Reinsurance company financial results of the current fiscal year.