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The National Commercial Bank (NCB) announces the acceptance of the Medical Insurance Proposal submitted by Tawuniya Insurance Company (Tawuniya) a related party.                 .

The National Commercial Bank (NCB) announces the acceptance of the Medical Insurance Proposal submitted on Wednesday 28-10-2015 corresponding to 15-01-1437 by Tawuniya Insurance Company (Tawuniya) which is a related party, to provide health insurance services to NCB staff at a price of SAR 133,339,061 for 12-month insurance period commencing on 01-01-2016. The NCB Board Member, HE Eng. Abdulaziz A. Al-Zaid, has a direct interest in this insurance policy being a director of Tawuniya Board of Directors. However, the Bank asserts that the referred Company has not been given any preferential benefits. The medical insurance contract shall be presented for approval in the next NCB General Assembly, which will be announced later.