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The Mediterranean And Gulf Cooperative Insurance & Reinsurance Co. JSC (Saudi Arabia)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: The Mediterranean And Gulf Cooperative Insurance & Reinsurance Co. JSC Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

MEDGULF started its activities in 1980 in Lebanon and expanded its activities to the Gulf area, specifically the Kingdom of Saudi Arabia and the Kingdom of Bahrain. The Mediterranean & Gulf Insurance & Reinsurance Co. was established in Saudi Arabia in 06/05/2006 as a based public shareholding company that operates in the insurance and reinsurance sectors. MEDGULF consolidated its activities through successive acquisitions and mergers to provide a comprehensive range of insurance and reinsurance products and services , thus creating a well balanced structure operating in the following fields: -Insurance and reinsurance in Lebanon, Kingdom of Saudi Arabia, Kingdom of Bahrain, the Gulf countries, Turkey, and the United Kingdom. -Reinsurance placement in the United Kingdom and risk management for its clients in the Middle East. -Third party administration (management services) in Lebanon, Saudi Arabia, Bahrain, UAE, and Jordan.

Headquarters
Al-Maather Street, Futuro Tower, King Saud Road, P.O. Box 2302
Riyadh; Al-Riyadh; Postal Code: 11451

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Website: http://www.medgulf.com.sa

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
May 06, 2006
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
Ownership Details
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19%
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12.055%
Company Performance
Financial values in the chart are available after The Mediterranean And Gulf Cooperative Insurance & Reinsurance Co. JSC report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency SAR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
66.71%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
N/A
Total assets
-11.32%
Investments
-7.28%
Total equity
2.29%
Net Premiums Earned Trend
38.76%
Net Profit Trend
N/A
Return on Equity (ROE)
N/A
Loss Ratio
13.97%
Underwriting Expenses Ratio
-6.07%

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