Al Khaleej Training and Education Company announces the signing of a contract with Allianz Saudi Fransi Cooperative Insurance Company (related party)
| Element List | Explanation |
|---|---|
| Introduction | Al Khaleej Training and Education Company announces the signing of a contract with Allianz Saudi Fransi Cooperative Insurance Company to provide medical insurance services to its employees and their families (related party) |
| Date of Announcement of the Award | 2023-09-01 Corresponding to 1445-02-16 |
| Contract Subject Matter | Medical insurance services for the company’s employees and their families |
| Date of Signing the Contract | 2023-09-01 Corresponding to 1445-02-16 |
| Contract Value | The value of the contract exceeds 1% of the total revenues, according to the audited financial statements for the year 2022. |
| Contract Details | The contract covers medical insurance services for company employees and their families |
| Contract Duration | A Gregorian year starting from 01-09-2023 |
| Financial Impact and the Relevant Period | The financial impact of this document will be reflected in the company’s financial results for the year 2023/2024 |
| Related Parties | 1. Member of the Board of Directors, Eng. Al-Walid bin Abdul-Razzaq Saleh Al-Duraian – an indirect interest in the contract in his capacity as Chairman of the Board of Directors of Allianz Saudi Fransi Cooperative Insurance Company 2. Member of the Board of Directors, Dr. Abdullah bin Sagheer Muhammad Al-Husseini – an indirect interest in the contract in his capacity as a member of the Board of Directors of Allianz Saudi Fransi Cooperative Insurance Company |
| Additional Information | Al Khaleej Training and Education Company confirms that the contract is within the normal course of business and does not grant any preferential benefits |
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