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Amana Cooperative to offer medical insurance for Sidr Group

Amana Cooperative to offer medical insurance for Sidr Group
The deal came into effect on 10 July 2020
AMANA INSURANCE
8310
-0.16% 12.74 -0.02

Riyadh – Mubasher: Amana Cooperative Insurance Company was awarded a contract to provide cooperative health insurance services for the employees of Sidr Group Company for Trading and Contracting and their families for one year effective as of 10 July 2020.

The total value of the contract is expected to exceed 5% of Amana Cooperative’s gross written premiums (GWPs) for fiscal year (FY) 2019, according to a bourse disclosure on Tuesday.

Moreover, this transaction is likely to have a positive impact on the insurer’s financials for FY 2020.