MEDGULF bags contract to provide health insurance to Saudi Electricity’s staff, families

28/11/2022 Argaam

MEDGULF bags contract to provide health insurance to Saudi Electricity’s staff, families

Logo of MEDGULF

The Mediterranean and Gulf Cooperative Insurance and Reinsurance Co. (MEDGULF) announced receiving, on Nov. 24, a notice of award from the Saudi Electricity Co. (SEC) for providing health insurance service for SEC’s employees and their families for one year, according to a statement to Tadawul.

 

The contract revenues are expected to be greater than 5% of the 2021 annual gross written premiums, the company said.

 

The contract will have a positive impact on financial results for 2023.

 

MEDGULF's gross written premiums amounted to about SAR 2.236 billion by the end of 2021, of which 5% amounts to SAR 111.8 million, according to Argaam's data.

 

There are no related parties, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read