Bupa Arabia for Cooperative Insurance said Saudi Basic Industries Corp (SABIC) renewed its one year its contract with Bupa to provide health coverage for SABIC’s staff and their families.
The financial impact of the contract, effective July 5, will be reflected in the 2015 financial year, Bupa added in its statement to Tadawul.
The new contract revenues are expected to be five percent higher than last year’s annual gross written premiums of the health insurance provider.
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