“Saudi Re” signs a reinsurance contract with “Medgulf”

The Saudi Reinsurance Company (Saudi Re) announced that it has signed a reinsurance contract with the Mediterranean and Gulf Cooperative Insurance and Reinsurance Company. "Medgulf"

According to Ali’s statement "Saudi Arabia trading"Today, Thursday, the one-year contract was signed on February 4, and its value exceeds 5% of total revenues, according to the latest audited financial statements for the year 2024.

The financial impact of the contract on the company’s financial results is expected to appear during the fiscal year 2026.

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