Tawuniya wins contract with Saudi ministry for foreign haj, umrah pilgrims insurance services
The Company for Cooperative Insurance, or Tawuniya, has won a contract with the Saudi ministry of hajj and umrah to provide insurance services for foreign pilgrims for four years.
Tawuniya expects the contract revenues to be greater than 5 per cent of its 2018 annual gross written premiums, it said in a bourse filing on Wednesday.
“It is expected to have a positive financial impact on the gross written premiums and financial results of the company that will be reflected gradually from the first quarter of 2020,” said Tawuniya.
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