Tawuniya wins SAR 999.2 mln contract from Foreign Affairs Ministry

01/06/2023 Argaam
Logo of The Company for Cooperative Insurance (Tawuniya)

Logo of The Company for Cooperative Insurance (Tawuniya)

The Company for Cooperative Insurance (Tawuniya) was awarded, on May 31, a SAR 999.18 million contract by the Ministry of Foreign Affairs. 

  

In a statement to Tadawul, Tawuniya pointed out that it will provide health insurance services for the ministry’s employees in compliance with the agreed terms and conditions.  

  

The contract term extends for two years starting today, (remove extra space plz) June 1, the statement added.  

   

A positive financial impact is expected to reflect on the 2023 gross written premiums, the insurer said, noting that the deal does not have related parties.

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