The Mediterranean and Gulf Insurance and Reinsurance Co (8030)

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News

15 July 09:46 AM MedGulf clarifies financial position date following accumulated losses offset

Riyadh – Mubasher: The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) issued a corrective disclosure regarding the elimination of its accumulated losses to 0% of capital. The company clarified that the financial …

Company News

12 July 09:23 AM MedGulf absorbs accumulated losses through share premium offset

Riyadh – Mubasher: The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) has successfully eliminated its accumulated losses, reducing them to 0% of its capital. The financial restructuring follows an extraordinary …

Financial Results

1 July 03:24 PM MedGulf shareholders pass accumulated loss offset at EGM

Riyadh – Mubasher: The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) has announced the results of its Extraordinary General Meeting (EGM), held on 29 June 2026. During the session, shareholders approved a strategic …

General Assembly

25 June 11:55 AM MedGulf commences e-voting for upcoming shareholders meeting

Riyadh – Mubasher: The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) has officially announced the start of the electronic voting period for its upcoming Extraordinary General Assembly (EGM). Shareholders started to …

Board of Directors

15 June 08:36 AM MedGulf pens insurance deal with Binladin International Holding Group

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) signed an agreement, on 14 June, to provide health insurance services for Binladin International Holding Group‏ employees and their dependents. The …

Banking and Finance

10 June 08:58 PM MedGulf to consider financial restructuring, related-party contracts with listed entities

Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) will hold an Extraordinary General Assembly Meeting on 29 June 2026, which will focus on a strategic proposal to offset accumulated losses using the …

Banking and Finance

11 May 04:53 PM MedGulf’s net profits surge 84.5% in Q1-26

Riyadh - Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) logged net profits after Zakat attributable to the shareholders valued at SAR 36.24 million in the first quarter (Q1) of 2026. The generated profits were …

Banking and Finance

24 March 01:09 PM MedGulf sees nearly 60% lower profits in 2025; accumulated losses announced

Riyadh - Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) logged net profits after Zakat attributable to shareholders amounting to SAR 41.06 million in 2025, an annual drop of 59.74% from SAR 101.99 million. The …

Financial Results

5 November 2025 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 …

Financial Results

14 May 2025 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

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

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

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

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 …

Financial Results

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

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

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

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

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

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

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

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

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

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

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