National Medical Care (4005.SE) renewed its contract with Cooperative Insurance Company ( Tawuniya) for the latter’s covered clients in Riyadh, for three years starting on 1 July 2016. The contract was renewed on better terms, which will result in a minimum of 10% increase in the contract’s revenues. The agreement  includes all of Care’s healthcare facilities and the renewal’s  impact will reflect on the company’s financial performance as of 3Q16. The contract with Tawuniya is a major revenue source for Care as it contributes c.5% to total company revenues, where average contract’s revenue in the last two years came at c.SAR56 mn.( Company disclosure)   National Medical Care: SAR67.98 as of 2 August, Rating: Neutral, FV: SAR53.50 per share, MCap: USD813mn, CARE AB / 4005.SE