Gulf General Announces Contract Award with Al Wefaq Transportation Solutions Co

The Gulf General Cooperative Insurance Company announced on Monday the awarding of a contract to provide comprehensive insurance services for the vehicle fleet with Al Wefaq Transport Solutions

The contract has been sign on 2022-05-25. The contract value is more than 10% of the company’s total revenues for the fiscal year 2021 AD (according to the audited financial statements)

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