RIYADH —The Company for Cooperative Insurance (Tawuniya) has signed an agreement, which is the first of its kind in the Saudi insurance market with Vitality Group, the global leader in integrating wellness benefits with insurance products. Part of Discovery Group, Vitality operates its Shared-Value Insurance model in 19 countries. Through this agreement, Tawuniya will lead the way in the Middle East and North Africa by developing its first Shared-Value Insurance product.

The agreement was signed during the two-day Financial Sector Conference held in Riyadh that ends today.

The signing ceremony of this agreement was attended by the Chief Executive Officer of Tawuniya, Abdulaziz Hassan Al-Boug, the CEO of Vitality Group International Barry Swartzberg and the Chairman of Tawuniya, Soliman S. Al-Humayyd.