25/09/2017 10:19 AST

The Mediterranean and Gulf Insurance and Reinsurance Co. EGM held on Friday 22/09/2017 has approved the capital reduction. Thus, the fluctuation limits for The Mediterranean and Gulf Insurance and Reinsurance Co. will be based on a share price of SAR 31.60, furthermore the company will be suspended for two business days. Starting from Monday 25/09/2017, until the Securities Depository Center Company (Edaa) reflects shares reduction on investors’ portfolios, lifting the suspension of trading will be end of Tuesday 26/09/2017.


Saudi insurer MedGulf denies it’s considering sale of business


The Mediterranean & Gulf Insurance & Reinsurance Co., a Saudi Arabian insurer known as MedGulf, denied it’s considering putting itself up for sale.

MedGulf isn’t exploring strategic option


Saudi Arabian insurer MedGulf said weighing sale of business


The Mediterranean & Gulf Insurance & Reinsurance Co., a Saudi Arabian insurer known as MedGulf, is weighing putting itself up for sale, according to three people familiar with the matter.



A.M. Best Assigns Ratings to Medgulf


A.M. Best Europe – Rating Services Limited has assigned the financial strength rating (FSR) of A (Excellent) and an issuer credit rating (ICR) of “a” to The Mediterranean & Gulf Insurance & Reinsuran

CPI Financial

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SAICO 12.00 75,344
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