| Element List | Explanation |
|---|---|
| Introduction | Baazeem Trading Company announces the signing of an insurance contract with Bupa Arabia for Cooperative Insurance |
| Date of Announcement of the Award | 2026-06-25 Corresponding to 1448-01-10 |
| Contract Subject Matter | Cooperative Health Insurance Services Contract |
| The Entity with Which the Contract was Signed | Bupa Arabia for Cooperative Insurance |
| Date of Signing the Contract | 2026-06-25 Corresponding to 1448-01-10 |
| Contract Value | The contract represents 1.48% of the company's revenues for the year 2025. |
| Contract Details | Cooperative health insurance services contract for company employees and their family members |
| Contract Duration | One year effective from 14-01-1448, corresponding to 29-06-2026 |
| Financial Impact and the Relevant Period | There is no additional financial impact expected in 2026 compared to previous years. |
| Related Parties | Engineer Ali Mohammed Shneimer is a board member of Baazeem Trading Company and a senior executive at Bupa Arabia Cooperative Insurance Company, and he did not participate in the decision-making process. |
| Additional Information | The contract was entered into within the ordinary course of business and did not grant any preferential benefits. |
Baazeem Trading Co. Announces Contract Sign Off with Bupa Arabia for Cooperative Insurance
AI Summary
- Baazeem Trading Company signed a one-year cooperative health insurance contract with Bupa Arabia for its employees and their families, effective June 29, 2026.
- The contract value represents 1.48% of the company’s total revenues for the 2025 fiscal year.
- No additional financial impact is expected in 2026 compared to previous years, and the contract was entered into within the ordinary course of business.
- The transaction involves a related party, board member Ali Mohammed Shneimer, who is also a senior executive at Bupa Arabia and did not participate in the decision-making process.
