Tawuniya wins health insurance coverage contract by Saudia
The Company for Cooperative Insurance Co. (Tawuniya) won a contract with Saudi Arabian Airlines (Saudia) to provide cooperative health insurance coverage services to the latter's employees and their families.
In a statement to Tadawul today, Feb. 6, the Saudi-listed insurer said the contract value exceeds 5% of its gross revenues in the latest audited financial statements for 2023.
Under the deal, Tawuniya will provide health insurance services for the Saudi national carrier's employees and their families, for one year starting from March 6, 2025.
It said the contract will have a positive impact on its gross written premiums for 2025.
There are no related parties to the contract, it noted.
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