Bupa Arabia for Cooperative Insurance announces it has received, on close of business Thursday 28 June 2018G, the confirmation to renew its contract as the health insurance provider for the Saudi Basic Industries Corporation (SABIC) to provide health insurance for its employees and their families for one year starting 4 July 2018. The contract revenues are expected to be greater than 5% of the 2017 annual gross written premium of Bupa Arabia for Cooperative Insurance and it is expected to have an impact on its 2018 financial results.