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.


Tadawul

Saudi insurer MedGulf denies it’s considering sale of business

31/05/2017

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

Gulfnews

Saudi Arabian insurer MedGulf said weighing sale of business

29/05/2017

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.

Me

Gulfnews

A.M. Best Assigns Ratings to Medgulf

03/01/2014

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

Ticker Price Volume
WALAA 28.15 175,461
TAWUNIYA 71.70 246,979
SABIC 128.60 1,877,983
QNBK 154.00 316,895
SAICO 15.12 141,192
KAYAN 14.90 8,193,872
BURUJ 31.75 85,667
MEDGULF Sector Market
P/E
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
QATI 36.44 0.72 (2.01%)
TAWUNIYA 71.70 0.80 (1.12%)
BUPA 92.00 1.70 (1.88%)
QGRI 50.00 0.00 (0.00%)
AWNIC 12.75 0.00 (0.00%)
Fitch upgrades outlook of Doha Bank to stable

24/06/2018

Fitch Ratings has upgraded the outlook of Doha Bank from negative to stable and affirmed the long-term Issuer Default Ratings (IDR) at ‘A’, it was announced in a statement.

“The upgrade to

Gulf Times

Bahrain Islamic relaunches premium banking services

24/06/2018

Bahrain Islamic Bank (BisB) has announced the relaunch of its Al Thuraya Premium Banking Services with a selection of new unique features tailored to cater to the needs of High Net Worth Individuals

Trade Arabia

Barwa Bank and International Bank of Qatar in advanced merger talks

21/06/2018

Qatari lenders Barwa Bank and International Bank of Qatar are in advanced talks to merge after discussions for a three-way merger with another bank collapsed last week, sources told Reuters on Wednes

The Peninsula

Aldar picks Marriott to manage Abu Dhabi luxury hotel

21/06/2018

Aldar Properties, a leading developer in Abu Dhabi, UAE, said it has signed up global hospitality giant Marriott International to manage one of its most strategically located hotels on Yas Island.

Trade Arabia

SABIC takes part in IFA Conference in Berlin

20/06/2018

SABIC participated in the 86th annual conference of the International Fertilizer Association (IFA) in Berlin on June 18-20 as the Gold sponsor to underline the vital role played by the company in mee

Saudi Gazette