Al-Tawuniya announces awarding a contract to the Ministry of Foreign Affairs and anticipates financial impact.

TAWUNIYA -0.87%

TAWUNIYA

8010.SA

125.90

-0.87%

Riyadh - Mubasher: The Cooperative Insurance Company ( Tawuniya) announced receiving a license from the Ministry of Foreign Affairs on Tuesday to provide cooperative health insurance services to its employees.

The company explained in a statement on Tadawul that the contract value exceeds 10% of total revenues, according to the audited financial statements for 2024.

The company stated that the agreement will be subject to the agreed terms and conditions for a period of three years, starting from June 1, 2025, and it is expected to be signed on the same date.

The company stated that there is expected to be a positive financial impact on total written insurance premiums for 2025, noting that there are no related parties involved.

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