MedGulf Won a Three-Year Contract From Saudi Basic Industries

Mediterranean & Gulf Insurance & Reinsurance Co. (MEDGULF), a Saudi Arabian insurer known as MedGulf, won a three-year contract from Saudi Basic Industries Corp. (SABIC), MedGulf said in a statement to the Saudi bourse website today.

The contract is for providing cooperative insurance services to Sabic’s employees and their families, and it may have a positive impact on MedGulf’s sales this year, the Riyadh- based insurer said in the statement.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.