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Gulf Union Alahlia Cooperative Insurance Renews Employee Health Insurance Contract with Al Rushaid

MT Newswires·10/15/2026 10:50:29
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10:50 AM EDT, 10/15/2026 (MT Newswires) -- Gulf Union Alahlia Cooperative Insurance Co (SASE:8120) renewed its employee health insurance contract with Saudi industrial and engineering group Al Rushaid Group. The contract runs for one year, starting Thursday, and holds a value exceeding 5% of the Saudi insurer's 2025 gross written premiums, according to a same-day filing. The insurer expects the deal to have a positive impact on its financial results for 2026 and 2027.