The Mediterranean and Gulf Insurance and Reinsurance Co (MEDGULF) News - Mubasher Info
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26 December 11:03 PM

The Mediterranean and Gulf Insurance and Reinsurance Co (8030)

Last update: 25 December 03:13 PM market time.
11.85
0.00
0.00%
Open 11.79
Previous Close 11.85
High 11.90
Low 11.76
Stock Statistics
Volume 198,762
Turnover 2,354,206.55
All data are 15 minutes late during market session

News

Photo Archive
5 November 02:53 PM MedGulf’s revenues cross SAR 3bn in 9M-25; accumulated losses hit 11% of capital
Riyadh - Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) posted SAR 36.07 million in net profits after Zakat attributable to the shareholders during the first nine months (9M) of 2025. The 9M-25 generated profits …
Banking and Finance
The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf)
14 May 06:36 PM MedGulf logs 25% lower net profits in Q1-25
Riyadh - Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) recorded net profits after Zakat attributable to the shareholders of SAR 19.63 million in the first quarter (Q1) of 2025. The January-March 2025 results …
Financial Results
Photo Archive
30 December 2024 10:06 PM MedGulf enters into health insurance contract with SEC
Riyadh – Mubasher: The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) has signed a contract with Saudi Electricity Company (SEC) to provide health insurance services for SEC employees and their dependents. The …
Companies Investments
Photo Archive
5 November 2024 04:40 PM MedGulf registers SAR 99m profits to owners in 9M-24
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) posted net profits after Zakat attributable to the shareholders worth SAR 98.99 million in the first nine months (9M) of 2024. The recorded net profits were …
Financial Results
Photo Archive
11 August 2024 09:24 AM MedGulf posts SAR 60m profits in H1-24, lower accumulated losses
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) posted net profits after Zakat attributable to the owners valued at SAR 59.86 million in the first half (H1) of 2024. The recorded net profits were lower by …
Financial Results
Photo Archive
13 May 2024 00:30 PM MedGulf’s net profit drops 27% YoY in Q1-24; accumulated losses hit SAR 231m
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) reported a 27.44% year-on-year (YoY) decline in net profit to SAR 26.26 million in the first quarter (Q1) of 2024 from SAR 36.19 million. Insurance revenues …
Banking and Finance
Photo Archive
20 March 2024 03:07 PM MedGulf unveils 2023 financials; insurance revenues up 26%
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% …
Banking and Finance
Photo Archive
7 November 2023 03:42 PM MedGulf logs SAR 145.5m profits in 9M-23; accumulated losses unveiled
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 …
Banking and Finance
Photo Archive
10 August 2023 02:13 PM MedGulf unveils H1-23 interim financials; accumulated losses near SAR 358m
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 …
Financial Results
Photo Archive
2 July 2023 03:58 PM MedGulf turns profitable in Q1-23; accumulated losses hit 40%
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 …
Financial Results
Photo Archive
13 April 2023 11:01 AM MedGulf posts higher losses at SAR 324m in 2022
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 …
Financial Results
Photo Archive
7 November 2022 04:43 PM MedGulf’s losses deepen 3,353% in 9M-22; accumulated losses unveiled
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 …
Financial Results
Photo Archive
21 August 2022 08:23 PM MedGulf turns to SAR 131m losses in H1-22; accumulated losses announced
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 …
Financial Results
Photo Archive
16 June 2022 10:01 AM MedGulf appoints new Chairman, Vice Chairman
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 …
Board of Directors
Photo Archive
23 May 2022 03:23 PM MedGulf logs SAR 55.5m losses in Q1-22 initial financials; accumulated losses unveiled
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 …
Financial Results
Photo Archive
8 March 2022 03:57 PM MedGulf turns to losses in 2021
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 …
Financial Results
Photo Archive
26 January 2022 01:15 PM Moody’s upgrades MedGulf’s IFSR to Ba1; outlook positive
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 …
Ratings
Photo Archive
7 November 2021 05:46 PM MedGulf announces losses in 9M, capital raise to SAR 1.05bn
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. …
Financial Results
Earnings per share stood at SAR 0.18 in H1-21
10 August 2021 02:41 PM MedGulf’s H1-21 profits shrink to SAR 18m
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 …
Financial Results
There will be an increase of SAR 900,000 in the offering’s expenses
16 June 2021 05:05 PM MedGulf amends rights issue value to raise capital
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 …
Corporate Actions
MedGulf's new capital will stand at SAR 1.05 billion
7 June 2021 11:20 AM SAMA approves MedGulf’s capital hike to SAR 1bn
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 …
Central Banks
MedGulf plans to restructure the capital
25 April 2021 03:42 PM MedGulf’s shareholders nod to SAR 100m capital cut
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 …
Corporate Actions
The outstanding orders will accordingly be cancelled
25 April 2021 09:44 AM Tadawul announces fluctuation limit for MedGulf
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 …
Trading Activities
The rise in net earnings was supported by an increase in gross written premiums by 4.6%.
7 March 2021 10:52 AM MedGulf annual profits jump 186.3%
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 …
Financial Results
The new CEO will start his duties on 1 March 2021.
21 February 2021 10:40 AM MedGulf names new CEO
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 …
Board of Directors