The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (Medgulf) announced that it has received on December 29, 2021, a Notice to Award the contract to provide health insurance services for the Saline Water Conversion Corporation (SWCC) employees and their families for one year. The contract revenues are expected to be greater than 5% of the 2020 annual gross written premium of (Medgulf) for Cooperative Insurance and Reinsurance. Notice of Award from Saline Water Conversion Corporation (SWCC) to provide health insurance services for its employees and their families contract. The contract is expected to have a positive impact on (Medgulf) 2022 financial results.