Bupa Arabia Cooperative Insurance Company announced today, Tuesday, that it received the baptism of the Saudi Basic Industries Corporation (SABIC) to renew the contract to provide cooperative health insurance services to the company’s employees and members of their families. < / p>

The company said in a statement to the Saudi market (Tadawul) today, that it expects that the value of the total contracts resulting from this baptism will exceed 5% of the total written premiums for the fiscal year 2019 .

She pointed out that the contract for cooperative health insurance services had been renewed for a calendar year as of July 4, 2020.

The company expected that this contract will have a positive impact on its financial results during the current year, confirming that there are no related parties between the two parties to the contract.