Riyadh – Mubasher: Mediterranean & Gulf Insurance and Reinsurance Company (MedGulf) has renewed its health insurance contract with Saudi Binladin Group for one year, starting 1 July 2017.

The total value of the contract amounts to SAR 271.43 million, according to a bourse filing on Thursday.

The company expects the value of its total contracts as a result for this renewal to exceed 5% of its annual sales for 2017.