Riyadh - Mubasher: The Company for Cooperative Insurance (Tawuniya) has renewed its health insurance services contract signed with Tahakom Investment Company and its subsidiaries for one year.
The contract value exceeds 1% of total revenue as per the latest audited financial statements for 2019, according to a stock exchange statement on Wednesday.
Tawuniya chairman, Abdulaziz Ibrahim Alnowaiser, has an indirect interest in the contract as being the CEO of Tahakom Investments.
The deal, set to be inked on 1 January 2021, is expected to reflect positively on the company revenue for 2021, Tawuniya said.
Source: Mubasher
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