Al Alamiya signs health insurance coverage agreement with Alothman Holding

03/12/2018 Argaam

Al Alamiya Cooperative Insurance Co. has inked an agreement with Alothman Holding to provide health insurance services to the company's staff and their dependents, the Saudi insurer said in a bourse filing.

 

The gross value of the agreement will exceed 5 percent of Al Alamiya's gross written premiums (GWPs) for FY17.

 

The agreement will last for one year as of Dec. 12, 2018, and will have a positive impact on the insurer's financials for FY18 and FY19.

 

No related parties are involved in the deal, the statement added.

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