Logo of Tawuniya
The Company for Cooperative Insurance (Tawuniya) announced the renewal of the insurance policy of Saudi Arabian Airlines (SAUDIA), on March 3, to provide health insurance services for the airlines’ employees and their families.
The company said in a bourse filing that the one-year contract will start from today, March 6. Its value exceeds 5% of the insurer’s gross written premiums (GWPs) for the fiscal year 2020.
The insurer expects a positive financial impact on GWPs and the 2022 financial results.
There are no related parties to the contract.
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