| Element List |
Explanation |
| Introduction |
Gulf Union Al Ahlia Cooperative Insurance Co. announces that it has signed an insurance contract with Saeed Raddad Group (SRACO) to provide cooperative Health insurance services to its employees and their families for one Gregorian year. |
| Date of Announcement of the Award |
2024-06-01 Corresponding to 1445-11-24 |
| Contract Subject Matter |
Contract with Saeed Raddad Group (SRACO) to provide health insurance services according to relevant terms and conditions, for the group employees and their families for one year starting from 01 June 2024. |
| The Entity with Which the Contract was Signed |
Saeed Raddad Group (SRACO) |
| Date of Signing the Contract |
2024-06-01 Corresponding to 1445-11-24 |
| Contract Value |
The contract value exceeds 5% of the Gross written premiums according to the audited financial statements for the year 2023 |
| Contract Details |
Contract with Saeed Raddad Group (SRACO) to provide health insurance services according to relevant terms and conditions, for the group employees and their families for one year starting from 01 June 2024. |
| Contract Duration |
one year starting from 01 June 2024 |
| Financial Impact and the Relevant Period |
The contract is expected to have a positive impact on Gulf Union Al Ahlia Cooperative Insurance Co. financial results for 2024 and 2025. |
| Related Parties |
There are no related parties |
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