MedGulf renews health insurance for SBG employees

15/06/2017 Argaam

The Mediterranean and Gulf Insurance and Reinsurance Co. (MedGulf) has renewed healthcare insurance services contract for Saudi Binladin Group (SBG) employees and their families for one year from July 1, 2017.

 

The contract has an annual value of SAR 271.4 million and is expected to represent over 5 percent of the company’s annual sales for 2017, the insurer said in a bourse statement.

 

The contract renewal is seen to have a positive financial impact on financial statements for the fiscal year 2017, the company added.

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