Bupa Arabia renews cooperative insurance deal with SABIC

The renewal is effective from next month

  
Riyadh - Mubasher: Bupa Arabia for Cooperative Insurance Company received a confirmation from the Saudi Basic Industries Corporation (SABIC) to renew its cooperative insurance services contract for one year effective as of 4 July 2020.

The insurer expects the contract revenues to exceed 5% of the gross written premiums (GWP) achieved during 2019, according to a bourse filing on Tuesday.

A positive impact is likely to reflect on Bupa’s financial statements for 2020, the statement noted.

Source: Mubasher

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