Investor Relationship

In line with the Kingdom’s Vision 2030 AD, and our project to build a human being, we believe in the importance of preserving the Arab spirit and cultural values that distinguish us as a people, and at the same time we realize that development and progress are necessary to interact with the modern world and the future.

Element List Explanation
Introduction Al Khaleej Training and Education Company announces the signing of a contract with the Tawuniya Insurance Company to provide medical insurance services to its employees and their families (related party)
Date of Announcement of the Award 2024-08-27 Corresponding to 1446-02-23
Contract Subject Matter Medical insurance services for the company’s employees and their families
The Entity with Which the Contract was Signed the Tawuniya Insurance Company
Date of Signing the Contract 2024-08-27 Corresponding to 1446-02-23
Contract Value

29,192,292 SAR 

excluding VAT

Contract Details The contract covers medical insurance services for company employees and their families
Contract Duration A Gregorian year starting from 01-09-2024
Financial Impact and the Relevant Period The financial impact of this document will be reflected in the company’s financial results for the year 2024/2025
Related Parties For the Board Member, Eng. Mohammed bin Hamad Hassan Al Quraisha – an indirect interest in the contract in his capacity as the Senior Executive General Manager of Key Accounts and Corporate Sales at the Tawuniya 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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