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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.
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
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 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
ACWA Power, a global leader in water desalination and power generation, recently collaborated with key player in energy sector, ECOHZ, that offers global renewable energy solutions to businesses, org
Saudi Aramco, the world’s biggest crude producing company, inaugurated an industrial park on Monday in Saudi Arabia's oil-rich eastern province that will cost $1.6 billion in its first phase, as the
Abu Dhabi National Oil Company (Adnoc) would be reducing crude oil allocations for January in line with the recent Opec decision to cut production to rebalance oil markets.
In a tweet, Suh
Bank Muscat, the flagship financial services provider in the Sultanate has won the Best Consumer Digital Bank in Oman award by Global Finance. Winning banks were selected based on the criteria, incl
Oman Daily Observer
Union Insurance Company (UIC), a leading provider of customer-focused insurance products to individuals and corporations in the Middle East, has developed an artificial intelligence (AI) system to is
The Gulf Today