The Mediterranean and Gulf Insurance and Reinsurance Co (8030)

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) shifted to net profits after Zakat worth SAR 201.47 million in 2023, versus losses of SAR 396.87 million in 2022. Insurance revenues increased by 26.07% …

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) turned profitable at SAR 145.56 million in the first nine months (9M) of 2023. The positive results were achieved against net losses valued at SAR 183.94 …

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) turned profitable at SAR 101.77 million in the first half (H1) of 2023, against net losses before Zakat of SAR 79.13 million in H1-22. Earnings per share …

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) achieved net profits before Zakat worth SAR 37.19 million in the first quarter (Q1) of 2023. The positive results in the first three months (3M) of 2023 were …

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) reported net losses before Zakat worth SAR 323.94 million in 2022, an annual hike of 138.92% from SAR 135.58 million. Loss per share amounted to SAR 3 last …

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) witnessed a 3,353% leap in net losses before Zakat to SAR 172.79 million in the first nine months (9M) of 2022, versus SAR 5 million in 9M-21. The loss per …

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) turned to net losses before Zakat worth SAR 130.66 million in the first half (H1) of 2022, against net profits of SAR 17.88 million. The loss per share stood …

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) has appointed Rakan Abunyan as the company's Chairman. MedGulf also named Youssef Al Yousefi as Vice Chairman, according to a bourse filing on Thursday. It …

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) has suffered net losses before Zakat worth SAR 55.39 million during the first quarter (Q1) of 2022, against net profits of SAR 9.05 million in Q1-21. The …

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) has incurred net losses before Zakat worth SAR 135.58 million in 2021, against profits amounting to SAR 54.90 million in 2020. The loss per share stood at …

Riyadh - Mubasher: Moody’s Investor Service has upgraded the insurance financial strength rating (IFSR) of the Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) to ‘Ba1’ from ‘B1’, with a positive outlook. The outlook on the …

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) turned to losses before Zakat worth SAR 5 million during the first nine months of 2021, against profits of SAR 42.87 million in the same period last year. …

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) posted a net profit before Zakat worth SAR 17.88 million in the first half (H1) of 2021, a plunge of 49% from SAR 35.24 million in H1-20. Earnings per share …

Riyadh – Mubasher: The board of the Mediterranean and Gulf Insurance and MedGulf Reinsurance Company (MedGulf) gave the green light for increasing the rights issue value to SAR 420 million instead of SAR 350 million. The company aims to raise its …

Riyadh – Mubasher: The Saudi Central Bank (SAMA) gave the green light for the Mediterranean and Gulf Insurance and MedGulf Reinsurance Company (MedGulf) to increase its capital by SAR 350 million through a rights issue. The new capital will stand …

Riyadh – Mubasher: The shareholders of the Mediterranean and Gulf Insurance and MedGulf Reinsurance Company’s (MedGulf) gave the green light for reducing the capital by SAR 100 million to SAR 700 million. The reduction amount represents 12.5% of …

Riyadh – Mubasher: Saudi Tadawul Group said the fluctuation limit for the Mediterranean and Gulf Insurance and Reinsurance Company’s (MedGulf) stock will be based on a share price of SAR 25.45, according to a disclosure on Sunday. The outstanding …

Riyadh – Mubasher: The net profit of the Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) grew by 186.3% yearly in 2020 to SAR 54.9 million. The rise in net earnings was supported by an increase in gross written premiums (GWP) by …

Riyadh – Mubasher: The board of the Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) approved appointing Goetz Kuras as the company’s new CEO after obtaining the Saudi Central Bank’s (SAMA) approval. The new CEO will start his …

Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Company signed a one-year medical quota share reinsurance contract with the Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) effective from 1 January 2021. The contract …

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) on 17 December 2020 submitted a request to the Capital Market Authority (CMA) for a SAR 100 million capital reduction. The Saudi insurer noted it will …

Riyadh – Mubasher: The board of the Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) has accepted the resignation of the company’s CEO, Tariq bin Abdullah Al Naeem, which was submitted on 2 December 2020 for personal reasons. The …

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) posted a 43.8% annual growth in net profit before Zakat during the third quarter (Q3) of the year. The profits rose to SAR 7.6 million in Q3-20, compared …

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) has received an award letter from Saudi Electricity Company (SEC) to provide cooperative health insurance services to SEC’s employees and their families. The …

Riyadh – Mubasher: The board of the Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) recommended reducing the company’s capital by 12.5% then increasing it via a rights issue. The current capital amounts to SAR 800 million and is …