Riyadh – Mubasher: Saudi Arabia-based the National Commercial Bank (NCB) has awarded Bupa Arabia for Cooperative Insurance a one-year contract to provide health insurance services to the bank's employees and their families, effective from the beginning of January 2019.
The deal’s initial value passes 1% of Bupa Arabia’s annual gross written premium (GWP) of the last year, according to a statement to the Saudi Stock Exchange (Tadawul) on Monday.
Bupa Arabia for Cooperative Insurance further noted that agreement’s positive financial impact is expected to appear in its financial results during 2019.
By 10: 25 NCB’s stock rose 0.22% to SAR 45.80, while Bupa Arabia's stock added 2.95% to SAR 80.20.
