Al Khaleej Training signs contract with Allianz SF to provide medical insurance services to its employees, families

Al Khaleej Training and Education Company announced the signing of a contract with Allianz Saudi Fransi Cooperative Insurance Company to provide medical insurance services to its employees and their families (related party).

The company stated that the value of the contract exceeds 1% of the total revenues, according to the audited financial statements for the year 2022, and its duration is 1 year starting from Sep. 1, 2023.

The company expects that the financial impact of this document will be reflected in the company’s financial results for the year 2023/2024.

Related Parties:

1. 1. Member of the Board of Directors, Eng. Al-Walid bin Abdul-Razzaq Saleh Al-Duraian – an indirect interest in the contract in his capacity as Chairman of the Board of Directors of Allianz Saudi Fransi Cooperative Insurance Company.
2. 2. Member of the Board of Directors, Dr. Abdullah bin Sagheer Muhammad Al-Husseini – an indirect interest in the contract in his capacity as a member of the Board of Directors of Allianz Saudi Fransi Cooperative Insurance Company.

Al Khaleej Training and Education Company confirms that the contract is within the normal course of business and does not grant any preferential benefits.