Element List	Explanation
Introduction	Gulf Union Al Ahlia Cooperative Insurance Co. announces that it has signed an insurance contract with Saeed Raddad Group (SRACO) to renew providing cooperative Health insurance services to its employees and their families for one Gregorian year.
Date of Announcement of the Award	2025-06-01 Corresponding to 1446-12-05
Contract Subject Matter	Contract with Saeed Raddad Group (SRACO) to provide health insurance services according to relevant terms and conditions, for the group employees and their families for one year starting from 01 June 2025.
The Entity with Which the Contract was Signed	Saeed Raddad Group (SRACO)
Date of Signing the Contract	2025-06-01 Corresponding to 1446-12-05
Contract Value	The contract value exceeds 5% of the Gross written premiums according to the audited financial statements for the year 2024
Contract Details	Contract with Saeed Raddad Group (SRACO) to provide health insurance services according to relevant terms and conditions, for the group employees and their families for one year starting from 01 June 2025.
Contract Duration	one year starting from 01 June 2025
Financial Impact and the Relevant Period	The contract is expected to have a positive impact on Gulf Union Al Ahlia Cooperative Insurance Co. financial results for 2025 and 2026.
Related Parties	There are no related parties