Bupa Arabia for Cooperative Insurance Co. received, on June 29, the confirmation to renew its contract as the health insurance provider for Saudi Basic Industries Corp (SABIC) employees and their families.

 

The company said in a statement to Tadawul that the total contract revenues are expected to be greater than 5% of the 2019 annual gross written premiums of Bupa Arabia.

 

The contract will be renewed for one year starting July 4, 2020, the statement added, noting that it is expected to have a positive impact on the 2020 financial results.

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