MEDGULF secured a contract from a government entity at over 5% of 2025 revenue
The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) secured, on Oct. 26, a contract from a government entity to provide health insurance services to its employees and their family members for one calendar year. 
In a statement to Tadawul today, Oct. 27, the insurer said the contract value exceeds 5% of its total revenue, according to its latest audited annual financial statements for 2025.
MEDGULF expects the contract to positively impact its results from Q4 2026 through the end of 2027. It added that no related parties are involved.
According to Argaam data, the company generated insurance revenue of more than SAR 4.32 billion in 2025, making the 5% threshold equivalent to around SAR 216 million.
MEDGULF secured a contract from a government entity at over 5% of 2025 revenue
The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) secured, on Oct. 26, a contract from a government entity to provide health insurance services to its employees and their family members for one calendar year.
In a statement to Tadawul today, Oct. 27, the insurer said the contract value exceeds 5% of its total revenue, according to its latest audited annual financial statements for 2025.
MEDGULF expects the contract to positively impact its results from Q4 2026 through the end of 2027. It added that no related parties are involved.
According to Argaam data, the company generated insurance revenue of more than SAR 4.32 billion in 2025, making the 5% threshold equivalent to around SAR 216 million.
