National Medical Care Co. (Care) renewed on Monday its services contract with the Saudi Arabia’s General Organization for Social Insurance (GOSI), which administers the kingdom’s national insurance scheme.
Under the contract, which extends for one year starting March 1, 2016, Care will provide medical services for work-related injuries to beneficiaries of social insurance in Riyadh.
Care has revised the contractual terms with GOSI and expects the contract revenues to increase at least 20 percent starting from the second quarter, the insurer said in a statement to Tadawul.
The contract represents about 25 percent of the company’s annual revenues, which reached an average of SAR 206 million over the last three years, it added.
Comments
{{DisplayName}}
{{ElapsedTime}}