Bupa Arabia secures SAR 302M SNB health insurance deal

25/12/2024 Argaam
Logo ofBupa Arabia for Cooperative Insurance Co.

Logo of Bupa Arabia for Cooperative Insurance Co.

Bupa Arabia for Cooperative Insurance Co. was awarded a SAR 302 million contract by Saudi National Bank (SNB) to provide health insurance for the bank’s employees and their families for one year starting Jan. 1, 2025, according to a statement to Tadawul.

 

The contract is expected to positively impact Bupa Arabia’s financial results in 2025, the statement added.

 

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The insurer noted that the agreement involves related parties, as Huda bin Ghoson serves as an independent board member at both Bupa Arabia and SNB.

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