Mediterranean & Gulf Insurance & Reinsurance Co. - MEDGULF

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Mediterranean & Gulf Insurance & Reinsurance Co.

Postal Address: P.O. Box 2302 Riyadh 11451
Tel: +9661 4779229
Fax: +9961 4789219
Website: www.medgulf.com.sa
Email: investorsrelations@medgulf.com.sa

Market Capitalization(SAR '000):

2,184,000
  • Sector
  • Market
  • GCC
  • Rank
  • 2
  • 73
  • 175
  • Share
  • 3.24(%)
  • 0.15(%)
  • 0.07(%)
Establishment Date: 10/07/1977
Paidup capital (SAR) : 800,000,000
Par value per share (SAR) : 10.00
Ownership:
No. of Employees: 500

Activities:

 

The Company is engaged in providing all types of cooperative insurance services including Health insurance, Motor, Aviation, Property, Marine, as well as Medical Malpractice and other insurance services. It also provides Reinsurance, agencies, representation, brokerage services. MEDGULF company is considered as a subsidiary of Medgulf Group, a leading Insurance and Reinsurance company in the region (K.S.A, Lebanon, Turkey, Jordan, U.A.E and U.K)

Key Figures

Sector: Insurance
Latest Financials: 31/12/2012
Revenue(SAR'000): 3,318,027
Revenue Growth: 18.03(%)
Net Profit(SAR'000): 201,326

IPO Information

 
Status: Trading (07/05/2007)
Offering Price: SR 10.00
Offer Amount: SR 200,000,000
Opening Price: 42.0000
Lead Underwriter: National Commercial Bank
Offering Shares: 20,000,000
Total Shares: 80,000,000
  Download IPO Prospectus

Board of Directors & Senior Management

Chairman: Saleh A. S. Al Sagri
CEO: Lutfi F. Al Zein
Board Members: Abdulaziz A. Al Nowaiser
Musaed M. Al Munifi
Rashed M. Dhahen
Emad J. Baban
Khaled A. Al Shetri
Mohammad B. F. Al Zain
Ramzi A. Al Nassar
Auditors: KPMG Al Fawzan & Al Sadhan
PricewaterhouseCoopers
 
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