Bupa Arabia for Cooperative Insurance announced that it has received, during the business day of July 3, 2022, the confirmation to renew its contract as the health insurance provider for SABIC to provide health insurance for its employees and their families for one year starting on 4 July 2022. The contract revenues are expected to be greater than 5% of the 2021 annual gross written premium of Bupa Arabia for Cooperative Insurance. A contract renewal as the health insurance provider for SABIC to provide health insurance services for its employees and their families for one year starting on 4 July 2022.

The contract is expected to have a positive impact on Bupa Arabia's 2022 financial results.