SAUDI ARABIA: Gulf General Cooperative Insurance Company has recorded a net loss before Zakat of SAR3.73 million (US$993,547) for the period ending the 31st March 2020. The insurer disclosed in a bourse filing that the loss is due to a decrease in the net profits of shareholders’ ...
SAUDI ARABIA: Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (Medgulf) in a statement confirmed its insurance financial strength rating has been upgraded to ‘Ba1’ from ‘B1’ by Moody’s while the outlook on the company has been changed to positive. Restricted access 1 Int...
SAUDI ARABIA: Gulf Union Al Ahlia Cooperative Insurance Company will open the subscription for new shares on the 9th May until the 19th May, with the trading period for the rights issue to close on the 16th May 2022, confirmed a bourse disclosure. Any unsubscribed shares will be offered to ...
SAUDI ARABIA: The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) has opened nominations for the candidacy of seven memberships on its board of directors for a three-year term (2022–25), a bourse filing confirmed. The nomination period is from the 21st October to...
SAUDI ARABIA: The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (Medgulf) will provide health insurance services to the Saudi Electricity Company. The one-year contract starting the 1st January 2020 is valued at over 5% of the total written premiums of the operator for the ...
SAUDI ARABIA: Saudi Arabian Monetary Authority (SAMA) has decided to lift its ban preventing Mediterranean and Gulf Insurance and Reinsurance Cooperative Company (MedGulf) from issuing and renewing insurance documents, according to a bourse filing. SAMA’s decision follows actions taken by MedGulf, ...