Alkhaleej Training signs SAR 36.2M medical insurance contract with Tawuniya

21/08/2025 Argaam
Alkhaleej Training may see the impact of the new contract with Tawuniya reflected in its2025 and 2026financials

Alkhaleej Training may see the impact of the new contract with Tawuniya reflected in its 2025 and 2026 financials

Alkhaleej Training and Education Co. signed today, Aug. 21, a contract worth SAR 36.23 million, excluding VAT, with The Company for Cooperative Insurance (Tawuniya) to provide medical insurance services for its employees and their families, the company said in a Tadawul statement.

 

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The one-year contract, effective Sept. 1, 2025, will reflect on the company’s financial results for 2025 and 2026, the statement added.

 

The company noted related-party involvement, as board member Mohammed Al Quraishah serves as Senior Executive GM for Key Accounts and Corporate Sales at Tawuniya, while Salman Al Faris, Chairman of Smart Link, a subsidiary of Alkhaleej Training, also sits on Tawuniya’s board.

 

Alkhaleej Training confirmed the agreement is within the ordinary course of business and carries no preferential terms.

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