The Clap
Malath Insurance (8020) secured a one-year contract to provide cooperative health insurance services to employees and family members of Al Othaim and its subsidiaries.
What
Malath Insurance expects the total value of its contracts to exceed 5% of its total written premiums for the fiscal year 2021.
So What
Al Othaim is one of the largest companies in Saudi Arabia in terms of economic activity and investment diversification.
A group of sister companies falls under its umbrella, including Abdullah Al Othaim Markets (4001), which has 218 branches across KSA.
Now What
Malath Insurance expects the contract to have a positive impact on its financial results during 2023.