Riyadh - Mubasher: Bupa Arabia for Cooperative Insurance received on Sunday a confirmation from the National Commercial Bank (NCB) to provide health insurance services to the bank’s employees and their families for one year effective from 1 January 2021.
The initial value of the contract exceeds 1% of the 2019 annual gross written premiums (GWP) of Bupa Arabia, according to a stock exchange statement.
Moreover, Bupa Arabia noted that Zaid Abdulrahman Abdullah Algwaiz, who serves as a board and audit committee member at Bupa Arabia and board member at NCB, is a related party to the contract.
It further added that the contract is likely to reflect positively on its financial results for 2021.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
