Bupa Arabia for Cooperative Insurance Co. inked today, Dec. 6, 2020, an insurance agreement with the National Commercial Bank (NCB) to provide health insurance services to the bank’s staff and their dependents for one year as of Jan. 1, 2021, the insurer said in a bourse filing.

 

Zaid Abdulrahman Abdullah Algwaiz, a board & audit committee member at Bupa Arabia and a board member at NCB, is a related party in the deal.

 

The contract will likely have a positive impact on the insurer’s financials for FY21, as the initial value of the contract exceeds 1% of FY19 annual gross written premium (GWPs) of Bupa Arabia.

 

The contract is subject to the approval of the upcoming general meeting.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request