The Company for Cooperative Insurance (Tawuniya) renewed its health insurance services contract with Saudi Arabian Airlines (Saudia) for another year starting March 1, 2020, the insurer said in a statement on Tadawul.
Under the contract, Tawuniya will provide health insurance services to Saudia’s staff and their dependents.
The contract value exceeds 5% of the company’s gross written premiums (GWPs) for 2018.
The deal’s financial impact is expected to appear on 2020 financial results, the statement said.
The agreement involved no related parties, the statement added.
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