Riyadh – Mubasher: Bupa Arabia for Cooperative Insurance on Thursday announced renewing its contract for healthcare insurance services with Saudi Basic Industries Corp. (SABIC).
The one-year contract will commence on 4 July and will include SABIC’s employees and their families, Bupa said in a filing to the Saudi Stock Exchange (Tadawul).
“The contract revenues are expected to be greater than 5% of the 2015 annual gross written premium of Bupa Arabia for Cooperative Insurance and it is expected to have an impact on its 2016 financial results,” the insurance firm stated.
