Saudi Re signs deal with MEDGULF for over 5% of annual revenue

08:42 AM (Mecca time) Argaam
Saudi Re signs one-year reinsurance contract with MEDGULF, effective January 2026

Saudi Re signs one-year reinsurance contract with MEDGULF, effective January 2026

Saudi Reinsurance Co. (Saudi Re) signed a reinsurance contract with the Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF), according to a statement to Tadawul.

 

The contract value exceeds 5% of total revenue as per latest audited financial statements for 2024. The contract duration is one year, starting Jan. 1, 2026.

 

The relevant financial impact will appear in the company’s 2026 financial results, the statement noted, adding that the deal includes no related parties.

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