MEDGULF to provide health insurance services to SEC employees, their dependents for one year

The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (Medgulf) announced on Thursday that it received on 13/12/2023, a notice to award the contract to provide health insurance services for the Saudi Electricity Company (SEC) employees and their dependents for one year.

It explained that the contract duration exceeds 30% of total revenues according to the latest audited financial statements for the year 2022.

The Company said today on Tadawul that this contract is expected to have a positive impact on the company’s (Medgulf) profits for the year 2024.