Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) announced that it has signed a contract with Saudi Electricity Company (SEC) to provide cooperative health insurance services to its employees and their families.

The contract was signed on Sunday with a value not exceeding 5% of the total insurance instalments in last year’s financial statements.

Moreover, the company noted that the financial effect of the deal will positively reflect on its profits for 2020.