Logo of Gulf General Cooperative Insurance Co.
Gulf General Cooperative Insurance Co. signed, on July 3, a contract with Al-Rashid Trading and Contracting Co. to provide medical insurance services for one year starting July 5, according to a bourse filing.
The contract value represents more than 5% of the company's total revenue for 2021, as per the audited financial statements.
The relevant financial impact will likely reflect on financial statements as of Q3 2022.
The contract involved no related parties, the statement added.
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