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The Mediterranean and Gulf Insurance and Reinsurance Co (8030)

Last update: 20 February 03:13 PM market time.
20.86
0.46
2.25%
Open 20.44
Previous Close 20.40
High 20.88
Low 20.22
Stock Statistics
Volume 924,693
Turnover 19,080,799.08
All data are 15 minutes late during market session

News

Accumlated losses currently stands at SAR 253.3 million
19 December 2019 11:12 AM MedGulf to reduce accumulated losses to SAR 133m
Riyadh – Mubasher: The board of Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) has decided to utilize part of the company’s reserves to offset accumulated losses. The company will use SAR 120 million, out of its SAR 146.135 …
The contract was signed on Sunday
18 November 2019 10:58 AM MedGulf, SEC sign health insurance deal
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) announced that it has signed a contract with Saudi Electricity Company (SEC) to provide cooperative health insurance services to its employees and their …
MedGulf’s net profits reached SAR 16.44 million in nine months
6 November 2019 11:58 AM MedGulf turns profitable in Q3
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) achieved 5.27 million in profits during the third quarter of 2019, against losses of SAR 79.7 million in the same quarter of 2018. The company’s gross …
The company turned profitable with SAR 4 million in Q2-19
5 August 2019 00:27 PM MedGulf turns profitable in 6M
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) disclosed its interim financial results for the second quarter of 2019. The company turned profitable with SAR 4 million in Q2-19, against losses of SAR 8.6 …
The settlement will result in increasing shareholders' rights by SAR 15.79 million
1 July 2019 01:13 PM MedGulf reaches SAR 115.6m Zakat settlement deal
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) announced that it has reached an agreement with the Saudi General Authority of Zakat and Tax (GAZT) to settle tax and Zakat claims for fiscal years 2007 …
The agreement will come into force starting from 1 July
24 June 2019 02:25 PM MedGulf renews insurance agreement with Binladin Group
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) has approved Binladin Group’s approval to renew a cooperative health insurance agreement. Under the deal, the insurance company will provide health insurance …
EPS reached SAR 0.09 in Q1-19
12 May 2019 00:38 PM MedGulf generates SAR 7m profit in Q1
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) on Sunday revealed that it turned to profitability in the first quarter of 2019. The company achieved a profit of SAR 7.035 million during Q1-19, against SAR …
SRB will review and audit MeGulf’s cooperative Health, Motor, Property, and other products
7 May 2019 02:35 PM MedGulf pens multi-year deal with Shariyah Review Bureau
Riyadh – Mubasher: The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) inked a multi-year agreement with Shariyah Review Bureau (SRB) for its Sharia audit services. The deal is part of MedGulf’s sharia-compliant …
The company’s accumulated loss reached 34.19% of its capital
2 April 2019 08:09 PM MedGulf’s accumulated loss goes down in 12M
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Co. (MedGulf) has reported a decline in its accumulated loss during the fiscal year 2018. The company’s accumulated loss reached 34.19% of its SAR 800 million capital at the …
Medgulf’s losses before calculating Zakat reached SAR 204.53 million in 2018
28 March 2019 00:09 PM Medgulf reports 47% loss decline in 2018
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) posted a 47.3% year-on-year decline in losses during the full-year 2018. Medgulf’s losses before calculating Zakat reached SAR 204.53 million from January to …
The contract’s total cost amounted to SAR 570 million
13 November 2018 10:36 AM MedGulf, Saudi Electricity ink SAR 570m health insurance contract
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) on Tuesday announced that it has inked a contract with Saudi Electricity Company (SEC) to provided health insurance services to SEC’s employees and their …
The company’s losses decreased by 75.2% to SAR 111.7 million during the first nine months of 2018
11 November 2018 00:06 PM MedGulf incurs SAR 80m losses in Q3
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) on Sunday announced that it has turned to loss for the third quarter of 2018. Net losses amounted to SAR 79.79 million in Q3-18, against a profit of SAR …
Saudi CMA imposes SAR 180,000 fine on Medgulf
11 October 2018 05:53 PM Saudi CMA imposes SAR 180,000 fine on Medgulf
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) on Thursday fined Mediterranean and Gulf Insurance and Reinsurance Co. “Medgulf”. The fine worth SAR 180,000 ($47,988) was imposed after the company violated the listing rules and …
MedGulf would double its capital to SAR 800 million, from SAR 400 million through a rights issue shares
9 October 2018 00:27 PM MedGulf’s CEO resigns; successor to be named later
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company’s (MedGulf) board of directors on Monday has approved the resignation of incumbent CEO Abdulrahman Al-Zwaidi, effective on 4 November. MedGulf also stated that it will …
MedGulf's EGM approved to double capital to SAR 800 million
11 September 2018 00:05 PM MedGulf EGM nods to capital hike
Riyadh – Mubasher: Mediterranean and Gulf Insurance and Reinsurance Company’s (MedGulf) extraordinary general meeting (EGM) approved a decision to raise the company's capital to SAR 800 million from SAR 400 million via a rights issue. Eligibility …
Photo Archive
16 August 2018 00:48 AM CMA approves MedGulf capital hike
Riyadh - Mubasher: The Capital Markets Authority of Saudi Arabia (CMA) has approved the request of Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) to increase its capital through a SAR 400 million rights issue. The increase will …
MSCI said the decision will be effective by the end of May
15 May 2018 11:01 AM MSCI removes MedGulf, Red Sea International from Small Cap Index
Riyadh – Mubasher: MSCI, the US index publisher, has announced removing the stocks of Saudi firms, Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) and Red Sea International Company from its MSCI Saudi Arabia Small Cap Index. The …
Lifting the trading suspension on MedGulf’s shares came after the firm announced its 2017 financial results
15 April 2018 10:02 AM Saudi CMA resumes trading on MedGulf’s stock Sunday
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) resumes trading on Mediterranean and Gulf Insurance and Reinsurance Company’s (MedGulf) shares as of Sunday, 15 April, the Saudi Stock Exchange (Tadawul) has said. Lifting the trading …
The decision came after Medgulf failed to announce its annual financial results
1 April 2018 09:45 AM Tadawul suspends trading on Medgulf shares
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Sunday suspended trading on the Mediterranean and Gulf Insurance and Reinsurance Company’s (Medgulf) stocks. The decision came after Medgulf failed to announce its annual financial results …
The insurer will increase its capital by 100% to SAR 800 million
8 February 2018 11:22 AM Medgulf to double capital to SAR 800m
Riyadh – Mubasher: The board of the Mediterranean and Gulf Insurance and Reinsurance Company (Medgulf) recommended doubling the company’s capital through the tradable rights. The insurer will increase its capital by 100% to SAR 800 million from …
Medgulf appoints consulting firm to prepare restructure plan
5 December 2017 10:29 AM Medgulf appoints consulting firm to prepare restructure plan
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Group (Medgulf) on Tuesday signed an agreement with specialised consulting office to prepare restructure plan in order to improve the group’s solvency. The consulting office …
Medgulf to file lawsuit against former CEO
26 November 2017 05:24 PM Medgulf to file lawsuit against former CEO
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Group (Medgulf) on Sunday submitted a request to file a lawsuit against a former CEO of the firm. MedGulf asked the former CEO to pay the money which was taken in a lawful …
The Bahraini company is aiming to provide the obligatory health insurance products to Dubai residents
10 October 2017 02:09 PM Medgulf starts official operations in UAE
Abu Dhabi – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Group (Medgulf) on Tuesday announced starting the official operations in the UAE. The company will start providing health insurance products and services, after it was …
SAMA warns MedGulf about drop in solvency margin
3 October 2017 07:51 PM SAMA warns MedGulf about drop in solvency margin
Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) warned Mediterranean and Gulf Cooperative Insurance and Reinsurance (MedGulf) on Monday, 2 October about the drop in its solvency margin. MedGulf must commit to the article (68) of the …
Saudi Edaa to cut Medgulf’s capital in investors’ portfolios Wednesday
27 September 2017 10:43 AM Saudi Edaa to cut Medgulf’s capital in investors’ portfolios Wednesday
Riyadh – Mubasher: The Saudi Securities Depository Center (Edaa) said it will start reducing the capital of the MedGulf Insurance and Reinsurance Cooperative Company (MedGulf) in the investors’ portfolios, effective Wednesday, 27 September, …