Gulf General Insurance Signs Contract to Provide Medical Insurance Services to Al-Rashid Trading and Contracting

Gulf General Cooperative Insurance Company announced on Tuesday the signing of a contract with Al-Rashid Trading and Contracting Company to provide medical insurance services in 3/7/2022.

The company indicated that the value of the contract represents more than 5% of the company’s total sales for the year 2021 (according to the audited financial statements), as medical insurance services will be provided for one calendar year starting from 05/07/2022.

This contract is expected to have a positive financial impact on the company’s financial results starting from the third quarter of the fiscal year 2022.