The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) announces the receipt of a Notice of Award from the Saudi Electricity Company in relation of the Health insurance for SEC employees and employees’ families contract.
The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (Medgulf) announces that it has received on December 1st 2021, a Notice to Award the contract to provide health insurance services for the Saudi Electricity Company (SEC) employees and their families for one year.
Date of the Award
2021-12-01 Corresponding to 1443-04-26
Contract Value
The contract revenues are expected to be greater than 5% of the 2020 annual gross written premium of (Medgulf) for Cooperative Insurance and Reinsurance.
Contract Details
Notice of Award from Saudi Electricity Company (SEC) to provide health insurance services for its employees and their families contract.
Related Parties
Not applicable
Additional Information
The contract is expected to have a positive impact on (Medgulf) 2022 financial results.
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