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 end of 31 December 2018, according to a bourse statement released on Tuesday.

In March, MedGulf posted a 47.3% year-on-year decline in losses during the full-year 2018, recording SAR 204.53 million.