MedGulf inks vehicle insurance deal with Alissa Group

25/02/2020 Argaam

The Mediterranean and Gulf Insurance and Reinsurance Co. (MedGulf) signed an agreement with Alissa Group to provide comprehensive vehicle insurance, it said in a bourse filing on Tuesday.

 

The one-year contract exceeds 5% of the total written insurance premiums for the fiscal year of 2018.

 

The deal is expected to have a positive impact on its 2020 financial results, the statement said, adding that Mohammad Saad bin Dawood is a board member in both companies.

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