Allianz Saudi Fransi Cooperative Insurance Co. Announces Contract Sign Off with Al Khaleej Training and Education Company
| Element List | Explanation |
|---|---|
| Introduction | Allianz Saudi Fransi Cooperative Insurance Company announces the signing of its contract with Al Khaleej Training and Education Company to providing medical insurance coverage to its employees and their families |
| Date of Announcement of the Award | 2023-09-01 Corresponding to 1445-02-16 |
| Contract Subject Matter | Medical Insurance Coverage to its employees and their families |
| Date of Signing the Contract | 2023-09-01 Corresponding to 1445-02-16 |
| Contract Value | Contract value exceeds 1% of total revenue as per the latest audited financial statements for the year 2022 |
| Contract Details | The contract covers Medical Insurance to its employees and their families |
| Contract Duration | One year from 01/09/2023G |
| Financial Impact and the Relevant Period | Expected to have a positive impact on the financial result of the company for the period ending 31/12/2023G. |
| Related Parties | 1. Chairman of the Board of Directors of Allianz Saudi Fransi Company, Eng. AlWaleed Bin Abdul-Razzaq Saleh AlDryaan, has an indirect interest in the contract in his capacity as Board Member and CEO of Al-Khaleej Training and Education Company
2. Dr. Abdullah Bin Sughair Muhammad Al-Husseini, a Board member of Allianz Saudi Fransi Company has an indirect interest in the contract in his capacity as a member of the Board of Directors of the Al Khaleej Training and Education Company |
| Additional Information | Allianz Saudi Fransi for Cooperative Insurance confirms that the contract is in the ordinary course of business and did not confer any preferential benefits |
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