Saudi Arabia signs a contract worth 130 million riyals with Medgulf

The Saudi Reinsurance Company (reinsurance) announced the signing of a health reinsurance contract with the Mediterranean and Gulf Cooperative Insurance and Reinsurance Company MedGulf Insurance, for a period of one calendar year.

The company said in a statement to the Saudi market (Tadawul), today, Sunday, that the estimated contract value is 130 million riyals.

and indicated that this contract is expected to have an impact on the company's financial results during the current fiscal year (2021).

The company also confirmed that there are no parties related to the contract.