The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (Medgulf) announced that it has received on November 24, 2022, a notice to award the contract to provide health insurance services for the Saudi Electricity Company (SEC) employees and their families for one year. The contract revenues are expected to be greater than 5% of the 2021 annual gross written premium of (Medgulf) for Cooperative Insurance and Reinsurance.