Saudi Re signs SAR 130 mln health reinsurance contract with MEDGULF

03/01/2021 Argaam

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Saudi Re for Cooperative Reinsurance Co. (Saudi Re) signed on Jan. 1, 2021, a medical quota share reinsurance contract with Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) at a value of SAR 130 million.

 

The impact of the contract is expected to reflect on the financial results in the fiscal year 2021, the firm said in a statement to Tadawul.

 

There are no related parties in the contract.

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