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

To contact the editor responsible for this story: Shaji Mathew at

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