GlobeMed Saudi, a healthcare benefits management company, and Al-Etihad Cooperative Insurance Company, a cooperative insurance company, have signed a healthcare benefits management agreement.
Under the agreement, GlobeMed Saudi will provide third-party administration (TPA) services to Al-Etihad’s insured members beginning July 1, 2026.
The agreement enables Al-Etihad Cooperative Insurance to utilize GlobeMed Saudi’s healthcare benefits management platform and provider network to expand access to healthcare services for its insured members across Saudi Arabia.
Through the partnership, Al-Etihad members will have access to GlobeMed Saudi’s network of more than 4,200 healthcare providers across the Kingdom.
The network includes hospitals, pharmacies, laboratories, medical complexes, and physical therapy centers, providing access to a broad range of healthcare services.
Abdullah Al-Amri, General Manager of GlobeMed Saudi, said that, “We are pleased to welcome Al-Etihad Cooperative Insurance Company and proud to serve their insured members. This collaboration reflects our continued commitment to enabling a more connected healthcare experience and easier access to care. We are confident that together we will contribute to a more efficient and accessible healthcare journey for Al-Etihad members.”
Tareq Bouresly, Managing Director of Al-Etihad Cooperative Insurance, remarked that, “This agreement is part of our ongoing commitment to enhancing our insured members’ experience and improving the quality of services provided. Through this strategic partnership with GlobeMed Saudi, we look forward to combining our expertise and leveraging GlobeMed Saudi’s capabilities in healthcare benefits management and its extensive medical network.”
GlobeMed Saudi has operated in the Saudi health insurance market for more than two decades and currently serves nine payers across the public and private sectors.
The company manages healthcare benefits for more than 3.9 million insured members in the private sector and also provides services to beneficiaries of the Center of National Health Insurance.
