| Element List |
Explanation |
| Introduction |
Elm Company announces the award of a health insurance contract for its employees with the Company for Cooperative Insurance (Tawuniya). (Related Party) |
| Date of the Award |
2024-06-27 Corresponding to 1445-12-21 |
| Counterparty |
The Company for Cooperative Insurance (Tawuniya) |
| Contract Value |
(75,904,238.90) SAR (including VAT) |
| Contract Details |
To provide health insurance services for Elm employees and their families for one year starting from 30 June 2024. |
| Related Parties |
Board member: Dr. Khaled Abdulaziz Alghoneim has an indirect interest being board member in Tawuniya. |
| Additional Information |
The financial impact and cost of this contract will be over the second half of 2024 and the first half of 2025. The Company confirms that no preferential treatment was given on this award and it was within the usual course of business activity of the company. |
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