Bupa Arabia renews medical insurance contract with SABIC

12/06/2024 Argaam
Logo of Bupa Arabia for Cooperative Insurance Co.

Logo of Bupa Arabia for Cooperative Insurance Co.

Bupa Arabia for Cooperative Insurance Co. received today, June 12, the approval from Saudi Basic Industries Corp. (SABIC) to renew the medical coverage contract, according to a statement to Tadawul.

 

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Under the contract, the company will provide health insurance services to SABIC’s employees and their family members for one year, starting July 5, 2024.
 
The total value of the contract is expected to exceed 10% of the gross written premiums (GWPs) for 2023, the statement added.

 

The contract will likely reflect positively on Bupa’s financial statements for 2024 and 2025.

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