ELEMENT LIST	EXPLANATION
Introduction	The Mediterranean and Gulf Insurance, Reinsurance and Reinsurance Company (Medgulf) is pleased to announce the latest update regarding the file lawsuit Against the Previous MD and CEO, that the Company has interred in to settlement agreement with the amount of 59 million riyals, in addition to Assisting in collecting outstanding amount from reinsurers.
Previous Announcement	The court of appeal in Riyadh has made its judgement on Monday 04/02/1442H, (21/09/2020) to cancel the ruling issued by the commercial court for the case no.(1582) made in 1434 H due to the Commercial Court has no jurisdiction over this case,
Date of Previous Announcement on Tadawul's Website	2020-09-22 Corresponding to 1442-02-05
Percentage of fulfilled achievement	Not applicable
Event's Expected Completion Date	Not applicable
Reasons for Exceeding the Announced End Date	Not applicable
The costs associated with the event, and if they have changed or not with indication of the reasons.	Not applicable
Impact of the Delay on the Company's Financial Results	Not applicable
Additional Information	We will be announce later for any Material update

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