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THE MEDITERRANEAN AND GULF INSURANCE AND REINSURANCE CO ANNOUNCES ITS SUCCESS IN GETTING AN ORDER FROM BIN LADIN TO RENEW THE CONTRACT TO PROVIDE THEM WITH COOPERATIVE HEALTH INSURANCE SERVICES

The Mediterranean and Gulf Insurance and Reinsurance Co announces that effective 30/07/1435H corresponding to 05/29/2014 a renewal of the contract for cooperative health insurance for Bin Ladin's employees and their family members has been put in place to offer it's services for a period of one calendar year from the date of 01 / 07/ 2014 , corresponding to 09/04/1435 AH. The company expects that the total contract resulting from this renewal will be valued with more than 5% of the annual MEDGULF sales for the fiscal year 2013, and this will have a positive financial impact on the sales of MEDGULF company during the current fiscal year.