	English [member]
Start Date	2020-07-01	2019-07-01
End Date	2020-09-30	2019-09-30
Filing information [line items]
Disclosure of entity information [abstract]
Name of reporting entity	The Mediterranean and Gulf Insurance and Reinsurance Co.
Company symbol code\| ISIN code	8030 \| SA000A0MJ2H8
Sector\| Industry group	Financials \| Insurance
Disclosure of document information [abstract]
Whether entity wants to report opening statement of financial position	No
Period covered by financial statements	Quarter 3
Reporting period start date	2020-07-01	2019-07-01
Reporting period end date	2020-09-30	2019-09-30
Description of nature of financial statements	Standalone
Status of financial statements	Reviewed
Description of presentation currency	Saudi Arabia, Riyals
Level of rounding used in financial statements	Thousands

	Primary auditor [member]	Second primary auditor [member]
	English [member]	English [member]
Start Date	2020-07-01	2020-07-01
End Date	2020-09-30	2020-09-30
Auditors information [line items]
Details of auditors signing report [abstract]
Name of auditor signing report	Abdullah M. AlAzem	Sulieman A. Alkharashi
Registration number of auditor	335	91
Details of audit firm [abstract]
Name of audit firm	Al Azem, Al Sudairy, Al Shaikh & Partners	AlKharashi & Co. Certified Accountants And Auditors
Registration number of audit firm	335	91
Address of audit firm	Riyadh	Riyadh

	English [member]
Start Date	2020-07-01
End Date	2020-09-30
Auditors report [line items]
Disclosures of auditors report [text block]	Emphasis of matter paragraph
Contents of auditors report [abstract]
Nature of auditors opinion	Emphasis of matter paragraph
Auditors opinion	Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed financial information is not prepared, in all material respects, in accordance with IAS 34 as endorsed in the Kingdom of Saudi Arabia.
Material uncertainty related to going concern	EMPHASIS OF MATTERWe draw attention to note 2 to the accompanying interim condensed financial information. The Company did not meet the solvency margin requirements as at 30 September 2020. The deficiency in solvency margin indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. However, the accompanying interim condensed financial information are prepared using the going-concern assumption based on management’s assessment on Company’s ability to continue as a going-concern. Our conclusion is not modified with respect to this matter.
Responsibilities of management and those charged with governance for financial statements	Management is responsible for the preparation and presentation of this interim condensed financial information in accordance with International Accounting Standard 34 - "Interim Financial Reporting" (IAS 34) as endorsed in the Kingdom of Saudi Arabia
Auditors responsibilities for audit of financial statements	Our responsibility is to express a conclusion on this interim condensed financial information based on our review.
Date of signing audit report by auditor	2020-11-02

[300100] Statement of financial position, order of liquidity

Start Date	2020-01-01	2019-01-01	2019-01-01	Note No.
End Date	2020-09-30	2019-12-31	2019-09-30	Note No.
Statement of financial position [abstract]
Assets [abstract]
Insurance/ takaful operations assets [abstract]
Property and equipment, net, insurance/ takaful operations assets	22,940	20,889	17,349
Due from related parties, insurance/ takaful operations assets	1,994	63	63
Deferred policy acquisition costs	70,637	67,196	79,992
Reinsurers/ retakaful share of unearned premiums/ contributions	368,853	290,619	378,571
Prepayments and other assets, insurance/ takaful operations assets	115,988	250,571	366,362
Due from shareholders operations	566,874	606,999	459,535
Premiums/ insurance receivables/takaful contributions receivable, net	662,834	572,215	779,486
Reinsurers/ retakaful share of outstanding claims/ benefits, net	668,510	557,446	601,504
Time (Murabaha) deposits, insurance/ takaful operations assets	120,000	91,835	503,861
Available-for-sale investments, insurance/ takaful operations assets	10,433	10,181	10,074
Cash and cash equivalents, insurance/ takaful operations assets	248,037	177,359	33,222
Accrued commission income	0	0	0
Other assets, insurance/ takaful operations assets	94,886	106,175	99,506
Total insurance/ takaful operations assets	2,951,986	2,751,548	3,329,525
Shareholders assets [abstract]
Property and equipment, net, shareholders assets	30,000	30,000	30,000
Due from related parties	0	0
Goodwill	480,000	480,000	480,000
Intangible assets	0	0	0
Statutory deposit	120,000	120,000	120,000
Prepayments and other assets, shareholders assets	2,851	3,270	3,418
Time (Murabaha) deposits, shareholders assets	18,477	175,049	82,422
Accrued investment income	26,541	23,864	21,872
Available-for-sale investments, shareholders assets	590,714	469,264	308,224
Due from insurance/ takaful operations assets	-566,874	-606,999	-459,535
Cash and cash equivalents, shareholders assets	86,958	33,536	124,563
Other assets, shareholders assets	18,494	21,355	19,620
Total shareholders assets	807,161	749,339	730,584
Total assets	3,759,147	3,500,887	4,060,109
Liabilities and equity [abstract]
Insurance/ takaful operations liabilities and surplus (deficit) [abstract]
Insurance/ takaful operations liabilities [abstract]
Gross unearned premiums/ contributions	1,014,635	985,437	1,304,144
Premiums/ contributions received in advance	37,012	20,529	23,837
Unearned commission income	63,623	31,161	41,656
Employees end of service benefits, insurance/ takaful operations liabilities	18,832	27,451	20,350
Surplus distribution payable	94,453	112,561	112,605
Due to related parties, insurance/ takaful operations liabilities	322	17,080	21,996
Reinsurers/ retakaful balance payable	263,825	107,488	208,620
Gross outstanding claims/ benefits including IBNR payable	1,187,655	1,217,810	1,365,446
Other technical reserves	13,384	14,894	12,944
Accrued commission payable	119,899	137,744	119,715
Accrued expenses payable, insurance/ takaful operations liabilities	124,767	58,468	81,002
Other liabilities, insurance/ takaful operations	18,305	25,903	21,421
Total insurance/ takaful operations liabilities	2,956,712	2,756,526	3,333,736
Total insurance/ takaful operations liabilities and surplus (deficit)	2,956,712	2,756,526	3,333,736
Shareholders liabilities and equity [abstract]
Shareholders liabilities [abstract]
Zakat payable	18,745	13,188	7,003
Accrued expenses payable, shareholders liabilities	27,554	25,018	22,886
Total shareholders liabilities	46,299	38,206	29,889
Shareholders equity [abstract]
Equity attributable to owners of parent [abstract]
Share capital	800,000	800,000	800,000
Statutory reserve	26,135	146,135	146,135
Fair value reserve on investments, shareholders equity	40,803	21,661	7,664
Retained earnings (accumulated losses)	-105,643	-256,482	-253,030
Other reserves	-5,159	-5,159	-4,285
Total equity attributable to equity holders of company	756,136	706,155	696,484
Total shareholders liabilities and equity	802,435	744,361	726,373
Total insurance/ takaful operations liabilities, surplus (deficit) and shareholders liabilities and equity	3,759,147	3,500,887	4,060,109

Start Date	2020-07-01	2019-07-01	2020-01-01	2019-01-01
End Date	2020-09-30	2019-09-30	2020-09-30	2019-09-30
Statement of insurance/ takaful operations [abstract]
Statement of insurance/ takaful operations and accumulated surplus (deficit) [abstract]
Income from insurance/ takaful operations [abstract]
Net premiums/ contributions earned [abstract]
Net premiums/ contributions written [abstract]
Gross premiums/ contributions written	422,137	747,085	1,934,050	2,114,786
Excess of loss expense	13,802	11,907	42,055	35,905
Reinsurance/ retakaful premiums ceded	72,224	99,663	812,236	554,822
Net premiums/ contributions written	336,111	635,515	1,079,759	1,524,059
Changes in unearned premiums/ contributions	-3,645	122,504	-49,036	-28,376
Net premiums/ contributions earned	339,756	513,011	1,128,795	1,552,435
Reinsurance/ retakaful commissions	44,956	26,054	133,811	70,109
Total income from insurance/ takaful operations	384,712	539,065	1,262,606	1,622,544
Cost and expenses [abstract]
Net claims/ benefits incurred [abstract]
Net claims/ benefits paid [abstract]
Gross claims/ benefits paid	533,404	458,200	1,382,515	1,348,941
Reinsurance/ retakaful share of gross claims/ benefits paid	175,401	108,246	404,464	268,660
Net claims/ benefits paid	358,003	349,954	978,051	1,080,281
Changes in reinsurance/ retakaful share of outstanding claims/ benefits	-57,664	45,363	27,950	146,677
Changes in other technical reserves	0
Changes in reserve for takaful activities	-35,615	12,579	-169,168	87,948
Net claims/ benefits incurred	264,724	407,896	836,833	1,314,906
Policy acquisition costs	23,606	27,332	79,794	84,467
General and administrative expenses, insurance/ takaful operations	96,526	95,612	277,318	266,824
Other underwriting income	2,483	4,603	14,739	33,739
Other underwriting expenses	13,500	13,320	38,115	3,725
Other cost and expenses	-10,786	-4,996	14,973	-24,029
Total cost and expenses	385,087	534,561	1,232,294	1,612,154
Surplus (deficit) for period from insurance/ takaful operations	-375	4,504	30,312	10,390
Shareholders appropriation from insurance/ takaful operations surplus (deficit)	-375	4,054	27,281	9,351
Net result for period from insurance/ takaful operations after shareholders appropriation	0	450	3,031	1,039
Policyholders share of accumulated surplus, at end of period	0	450	3,031	1,039

Start Date	2020-07-01	2019-07-01	2020-01-01	2019-01-01
End Date	2020-09-30	2019-09-30	2020-09-30	2019-09-30
Statement of shareholders operations [abstract]
Profit (loss) [abstract]
Income (loss) from continuing operations [abstract]
Shareholders appropriation of surplus (deficit) transferred from insurance/ takaful operations	-375	4,054	27,281	9,351
Revenue [abstract]
Commission/ profit on deposits	2,773	3,257	7,959	12,972
Realised gain (loss) on available-for-sale investments	4,769		5,386
Dividend income	1,700		4,110
Other income			2,211
Total revenue	9,242	3,257	19,666	12,972
Expenses [abstract]
General and administrative expenses, shareholders operations	1,274	2,032	4,070	5,880
Total expenses	1,274	2,032	4,070	5,880
Income (loss) from continuing operations before zakat and income tax	7,593	5,279	42,877	16,443
Zakat expenses on continuing operations for period	3,522	2,614	10,568	7,906
Income tax on continuing operations for period	490	-120	1,470	1,961
Profit (loss) from continuing operations	3,581	2,785	30,839	6,576
Profit (loss) for the period	3,581	2,785	30,839	6,576
Profit (loss), attributable to [abstract]
Profit (loss), attributable to saudi shareholders of company	2,719.4114	2,114.929	23,419.1366	4,993.8144
Profit (loss), attributable to non-saudi shareholders of company	861.5886	670.071	7,419.8634	1,582.1856
Earnings per share [abstract]
Basic earnings (loss) per share [abstract]
Basic earnings (loss) per share from discontinued operations	0.04	0.03	0.39	0.08
Total basic earnings (loss) per share	0.04	0.03	0.39	0.08
Weighted average number of equity shares outstanding	80000	80000	80000	80000

Start Date	2020-07-01	2019-07-01	2020-01-01	2019-01-01
End Date	2020-09-30	2019-09-30	2020-09-30	2019-09-30
Statement of other comprehensive income, before tax [abstract]
Net result for period from insurance/ takaful operations after shareholders appropriation	0	450	3,031	1,039
Total comprehensive income (loss) for period	0	450	3,031	1,039

Start Date	2020-07-01	2019-07-01	2020-01-01	2019-01-01
End Date	2020-09-30	2019-09-30	2020-09-30	2019-09-30
Statement of other comprehensive income, before tax [abstract]
Statement of comprehensive income [abstract]
Profit (loss) for the period	3,581	2,785	30,839	6,576
Other comprehensive income [abstract]
Components of other comprehensive income that will be reclassified to profit or loss [abstract]
Available-for-sale financial assets [abstract]
Other comprehensive income, available-for-sale financial assets	24,697	3,148	19,142	8,106
Total other comprehensive income (loss), available-for-sale financial assets	24,697	3,148	19,142	8,106
Total other comprehensive income (loss), that will be reclassified to profit or loss	24,697	3,148	19,142	8,106
Total other comprehensive income (loss)	24,697	3,148	19,142	8,106
Total comprehensive income (loss) for period	28,278	5,933	49,981	14,682
Total comprehensive income (loss) attributable to [abstract]
Total comprehensive income (loss), attributable to saudi shareholders of company	21,474.3132	4,505.5202	37,955.5714	11,149.5108
Total comprehensive income (loss), attributable to non-saudi shareholders of company	6,803.6868	1,427.4798	12,025.4286	3,532.4892

[300600] Statement of cash flows, indirect method, insurance operations

Start Date	2020-01-01	2019-01-01	Note No.
End Date	2020-09-30	2019-09-30	Note No.
Statement of cash flows, indirect method [abstract]
Statement of cash flows, insurance/ takaful operations [abstract]
Cash flows from (used in) operating activities, insurance/ takaful operations [abstract]
Net result for period from insurance/ takaful operations after shareholders appropriation	3,031	1,039
Adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation
Adjustments for depreciation, insurance/ takaful operations cash flow	7,168	6,126
Adjustments for employees end of service benefits	5,551	0
Adjustments for allowance for doubtful receivables	38,115	-20,521
Other adjustments to reconcile net income to net cash from insurance/ takaful operating activities	-4,790	-14,485
Total adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation	46,044	-28,880
Changes in operating assets and liabilities [abstract]
Adjustments for decrease (increase) in premium receivables, net	-128,733	-77,886
Adjustments for decrease (increase) in prepayments and other assets	134,583	-9,440
Adjustments for increase (decrease) in outstanding claims including IBNR	-111,064	-180,698
Adjustments for increase (decrease) in reinsurers/ retakaful balance payable	156,337	158,210
Adjustments for increase (decrease) in accrued expenses and other liabilities	58,701	-53,251
Adjustments for increase (decrease) in accrued commission income	-17,845	-5,145
Adjustments for increase (decrease) in accrued retroceded/ reinsurance premiums	-78,234	-95,670
Adjustments for decrease (increase) in reinsurers/ retakaful share of outstanding claims, net	-30,155	415,322
Adjustments for decrease (increase) in retroceded share of outstanding claims	0
Adjustments for decrease (increase) in deferred policy acquisition costs	-3,441	-3,441
Adjustments for decrease (increase) in deferred excess of loss expense	0
Adjustments for decrease (increase) in unearned commission income	0
Adjustments for decrease (increase) in due from shareholders operations	-1,931	4,396
Adjustments for increase (decrease) in due to shareholders operations	-16,758	0
Adjustments for movement in gross unearned premiums/ contributions	29,198	67,295
Adjustments for reinsurance/ retakaful share of unearned premiums/ contributions	16,483	-27,215
Adjustment for changes in other technical reserves	-1,510	3,185
Adjustments for other changes in operating assets and liabilities, insurance/ takaful operations cash flow	43,751	-240,593
Total changes in operating assets and liabilities	49,382	-44,931
Net cash flows from (used in) insurance/ takaful operations	98,457	-72,772
Other inflows (outflows) of cash classified as operating activities, insurance/ takaful operations cash flow	-35,310	-5,111
Net cash flows from (used in) operating activities, insurance/ takaful operations	63,147	-77,883
Cash flows from (used in) investing activities, insurance/ takaful operations [abstract]
Other inflows (outflows) of cash classified as investing activities, insurance/ takaful operations cash flow	-32,594	-476,209
Net cash flows from (used in) investing activities, insurance/ takaful operations	-32,594	-476,209
Cash flows from (used in) financing activities, insurance/ takaful operations [abstract]
Adjustments for decrease (increase) in due from shareholders operations	40,125	-59,975
Net cash flows from (used in) financing activities, insurance/ takaful operations	40,125	-59,975
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	70,678	-614,067
Net increase (decrease) in cash and cash equivalents	70,678	-614,067
Cash and cash equivalents at beginning of period	177,359	647,289
Cash and cash equivalents at end of period	248,037	33,222

Start Date	2020-01-01	2019-01-01
End Date	2020-09-30	2019-09-30
Statement of cash flows, indirect method [abstract]
Statement of cash flows [abstract]
Cash flows from (used in) operating activities [abstract]
Net profit (loss) for period [abstract]
Income (loss) from continuing operations before zakat and income tax	42,877	16,443
Net profit (loss) for period (before zakat expenses and income tax)	42,877	16,443
Adjustments to reconcile profit (loss) [abstract]
Adjustments for realised loss (gain) on available-for-sale investments, shareholders cash flow	-7,597
Other adjustments for non-cash items	-7,959	-12,972
Total adjustments to reconcile profit (loss)	-15,556	-12,972
Changes in operating assets and liabilities [abstract]
Adjustments for increase (decrease) in accrued expenses and other liabilities, shareholders cash flow	-141	-1,805
Adjustments for decrease (increase) in prepayments and other assets, shareholders assets	419	-896
Total changes in operating assets and liabilities	278	-2,701
Net cash flows from (used in) operations	27,599	770
Zakat expenses	5,011	28,087
Net cash flows from (used in) operating activities	22,588	-27,317
Cash flows from (used in) investing activities [abstract]
Other inflows (outflows) of cash	70,958	-318,278
Net cash flows from (used in) investing activities	70,958	-318,278
Cash flows from (used in) financing activities [abstract]
Due to reinsurance/ retakaful operations	40,124	-59,975
Net cash flows from (used in) financing activities	-40,124	59,975
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	53,422	-285,620
Net increase (decrease) in cash and cash equivalents	53,422	-285,620
Cash and cash equivalents at beginning of period	33,536	410,183
Cash and cash equivalents at end of period	86,958	124,563

[400100] Notes forming part of accounts

	English [member]	Note No.
Start Date	2020-07-01
End Date	2020-09-30
Notes forming part of accounts [line items]
Disclosure of notes and other explanatory information [text block]
Disclosure of general information about reporting entity [abstract]
Disclosure of general information about reporting entity [text block]	The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (the “Company”) is a Saudi Joint Stock Company registered in the Kingdom of Saudi Arabia under Commercial Registration No. 1010231925 dated 8 Rabi Thani 1428H (corresponding to 26 April 2007). The registered address of the Company's head office is as follows:Medgulf InsuranceFuturo TowerKing Saud RoadP.O. Box 2302Riyadh 11451, Saudi ArabiaThe objectives of the Company are to transact in cooperative insurance and reinsurance business and related activities in the Kingdom of Saudi Arabia. Its principal lines of business include medical, motor and other general insurance. The Company was listed on the Saudi Arabian Stock Exchange (Tadawul) on 28 Rabi Al-Awal 1428H (corresponding to 16 April 2007).
Disclosure of basis of preparation of financial statements [text block]	The interim condensed statement of financial position, statements of income, comprehensive income and cash flows of the insurance operations and shareholders’ operations which are presented in note 23 of the interim condensed financial information have been provided as supplementary financial information to comply with the requirements of the guidelines issued by SAMA implementing regulations. SAMA implementing regulations requires the clear segregation of the assets, liabilities, income and expenses of the insurance operations and the shareholders’ operations. Accordingly, the statements of financial position, statements of income, comprehensive income and cash flows prepared for the insurance operations and shareholders operations as referred to above, reflect only the assets, liabilities, income, expenses and comprehensive gains or losses of the respective operations.In preparing the Company-level financial statements in compliance with IFRS, the balances and transactions of the insurance operations are amalgamated and combined with those of the shareholders’ operations. Interoperation balances, transactions and unrealised gains or losses, if any, are eliminated in full during amalgamation. The accounting policies adopted for the insurance operations and shareholders’ operations are uniform for like transactions and events in similar circumstances.The Company is yet to meet its solvency margin requirement.The Board resolved at 18 December 2019 to reduce statutory reserve amounting to SAR 120 million against the accumulated losses which had been approved in Annual General Assembly meeting held on 3 June 2020 and adjusted accordingly. Further the Board of directors in their meeting held on 6 October 2020, recommended to reduce share capital by SAR 100 million and to increase share capital by SAR 350 million, the capital reduction and right issue is subject to the approval of the regulatory authorities and general assembly of the CompanyManagement has performed an assessment of its going concern assumption under different scenarios. Based on the underlying cash flow projections under such scenarios, management believes that the Company will be able to continue the business and meet its obligations as and when they fall due over the next 12 months. As a result, the interim condensed financial statements have been prepared on a going concern basis. Management`s assessment is based on number of estimates and assumptions including significant recoveries from major policyholders, reinsurers and related parties and other cost saving measures..SAMA had previously issued a letter number 391000054425 dated 29 January 2018, preventing the Company from writing any new policies and renewing the existing policies since the Company did not meet the vency margin requirements as at 31 December 2017. SAMA, in its aforesaid letter, also instructed the Company to increase its share capital before 30 July 2018 to address the issue of its deteriorating solvency margin. The Company’s Board of Directors in their meeting held on 6 February 2018, recommended a right issue amounting to SAR 400 million in order to improve the solvency margin and the Company’s future business activities. Such right issue was subjected to approval of the regulatory authorities and general assembly of the Company. SAMA later issued a letter dated 15 April 2018 allowing the Company to write new policies and renewing the existing policies starting from 17 April 2018 subject to certain conditions.
Disclosure of new standards and amendments in standards [text block]	IFRS 9, Financial Instruments (including amendments to IFRS 4, Insurance Contracts) In July 2014, the IASB published IFRS 9 Financial Instruments which will replace IAS 39 Financial Instruments: Recognition and Measurement. The standard incorporates new classification and measurements requirements for financial assets, the introduction of an expected credit loss impairment model which will replace the incurred loss model of IAS 39, and new hedge accounting requirements. Under IFRS 9, all financial assets will be measured at either amortised cost or fair value. The basis of classification will depend on the business model and the contractual cash flow characteristics of the financial assets. The standard retains most of IAS 39’s requirements for financial liabilities except for those designated at fair value through profit or loss whereby that part of the fair value changes attributable to own credit is to be recognised in other comprehensive income instead of the income statement. The hedge accounting requirements are more closely aligned with risk management practices and follow a more principle based approach.In September 2016, the IASB published amendments to IFRS 4 Insurance Contracts that address the accounting consequences of the application of IFRS 9 to insurers prior to the publication of the forthcoming accounting standard for insurance contracts. The amendments introduce two options for insurers: the deferral approach and the overlay approach. The deferral approach provides an entity, if eligible, with a temporary exemption from applying IFRS 9 until the earlier of the effective date of a new insurance contract standard or 2022.The overlay approach allows an entity to remove from profit or loss the effects of some of the accounting mismatches that may occur before the new insurance contracts standard is applied.The Company is eligible and have chosen to apply the deferral approach under the amendments to IFRS 4. The impact of the adoption of IFRS 9 on the Company’s financial information will, to a large extent, have to take into account the interaction with the forthcoming insurance contracts standard. As such, it is not possible to fully assess the effect of the adoption of IFRS 9.IFRS 17 - “Insurance Contracts”, applicable for the period beginning on or after 1 January 2023, and will supersede IFRS 4 “Insurance Contracts”. Earlier adoption permitted if both IFRS 15 'Revenue from Contracts with Customers' and IFRS 9 'Financial Instruments' have also been applied. The Company expects a material impact on measurement and disclosure of insurance and reinsurance that will affect both the income statement and the balance sheet. The Company has decided not to early adopt this new standard.
Disclosure of notes forming part of accounts [abstract]
Disclosure of investments in associates and joint ventures [text block]	11 INVESTMENT IN AN ASSOCIATE Investment in an associate comprises of an equity investment in Al-Waseel for Electronic Transportation amounting to SAR 8,003 thousand (a 25% equity interest) (2019: SAR 9,393), in an unquoted company (the “associate”), registered in the Kingdom of Saudi Arabia. SAR’000 September 30, 2020 December 31, 2019 (Unaudited) (Audited) At the beginning of the period / year 9,393 9,872 Dividend received from investment in an associate (3,602) (4,896) Income from investment in an associate 2,211 4,417 At the end of period / year 8,002 9,393
Disclosure of investments in available-for-sale investments [text block]	AVAILABLE FOR SALE INVESTMENTS Investments are classified as set out below: a) Insurance Operations - Available for sale investments SAR’000 SAR’000 September 30, 2020 December 31, 2019 (Unaudited) (Audited) Type of Investments -Mutual Fund 10,433 10,181 10,433 10,181 The available for sale investments comprise of mutual funds, bonds, sukuk and equities issued by corporate and financial institutions in the Kingdom of Saudi Arabia. The cumulative change in fair values of available for sale investments for insurance operations amounting to SAR 252 thousand (31 December 2019: SAR 181) is presented within shareholders’ equity in the interim condensed statement of financial position. The movements during the period in available for sale investments for insurance’s operations were as follows: September 30, 2020 December 31, 2019 (Unaudited) (Audited) At the beginning of the period / year 10,181 25,000 Purchase during the period / year - 10,000 Sold during the period / year - (25,000)Net change in fair values 252 181 At the end of the period / year 10,433 10,181 AVAILABLE FOR SALE INVESTMENTS (Continued) b) Shareholders’ Operations - Available for sale investments SAR’000 September 30, 2020 December 31, 2019 (Unaudited) (Audited) Type of Investments -Equity 179,912 136,990 -Mutual Fund 106,211 80,983 -Sukuks 304,591 251,291 590,714 469,264 The available for sale investments comprise of mutual funds, bonds, sukuk and equities issued by corporate and financial institutions in the Kingdom of Saudi Arabia. The cumulative change in fair values of available for sale investments for shareholders’ operations amounting to SAR 18,890 thousand (31 December 2019: SAR 21,922 thousand) is presented within shareholders’ equity in the interim condensed statement of financial position. The movements during the period in available for sale investments for shareholders’ operations were as follows: SAR’000 September 30, 2020 December 31, 2019 (Unaudited) (Audited) At the beginning of the period / year 469,264 49,151 Purchase during the period / year 136,422 436,606 Sold during the period / year (35,785) (38,415)Net change in fair values / year 18,890 21,922 At the end of the period / year 590,714 469,264 Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or the most advantageous) market between market participants at the measurement date under current market conditions regardless of whether that price is directly observable or estimated using another valuation technique. The fair values of recognised financial instruments are not significantly different from the carrying values included in the financial statement. The estimated fair values of financial instruments are based on quoted market prices, when available. The fair values of these investments are disclosed below. For financial instruments that are recognised at fair value on a recurring basis, the Company determines whether transfers have occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level of input that is significant to the fair value measurement as a whole) at the end of each reporting period. The unlisted security of SAR 1.92 million (31 December 2019: SAR 1.92 million) held as part of Company’s shareholder operations, were stated at cost in the absence of active markets or other means of reliably measuring their fair value. During the period ended 30 September 2020, there were no transfers between Level 1 and Level 2 fair value measurements, and no transfers into or out of level 3 fair value measurements.AVAILABLE FOR SALE INVESTMENTS (Continued) iii. Fair value (Continued) 1. Insurance operations – Fair Value (Continued) SAR’000s Level 1 Level 2 Level 3 Total December 31, 2019 (Audited) Available for sale investments - Mutual Fund 10,181 - - 10,181 Total available for sale investments 10,181 - - 10,181 SAR’000s Level 1 Level 2 Level 3 Total 2. Shareholders’ operations – Fair Value SAR’000s Level 1 Level 2 Level 3 Total September 30, 2020 (Unaudited) Available for sale investments - Mutual Fund 106,211 - - 106,211 - Sukuk - 304,591 - 304,591 - Equities 177,989 - 1,923 179,912 Total available for sale investments 284,200 304,591 1,923 590,714 SAR’000s Level 1 Level 2 Level 3 Total December 31, 2019 (Audited) Available for sale investments - Mutual Fund 80,983 - - 80,983 - Sukuk - 251,291 - 251,291 - Equities 135,067 - 1,923 136,990 Total available for sale investments 216,050 251,291 1,923 469,264
Disclosure of premiums/ contributions and insurance/ reinsurance or takaful/ retakaful balance receivables [text block]	PREMIUM AND REINSURERS' RECEIVABLE, NET Receivables comprise amounts due from the following: SAR’000 September 30, 2020 December 31, 2019 (Unaudited) (Audited)Policyholders 553,695 407,434 Brokers and agents 355,862 348,888 Premiums receivables 909,557 756,322 Less: Allowance for doubtful debts (275,606) (272,495) 633,951 483,827 Reinsurers’ receivable 257,092 307,208 Less: Allowance for doubtful debts (228,209) (218,820) 28,883 88,388 Premium and reinsurers’ receivable – net 662,834 572,215 As disclosed in note 9.c, the Company, together with CRC carried out an exercise to separate the Company’s transactions and balances with the respective reinsurers and brokers from those of other related parties. This exercise is completed and Saudi Riyals 59.4 million have been identified as receivable from related party. However, the Company has booked full provision for this balance and disclosed under due from other related parties in note 9. As at September 30, 2020, the movement in the provision for doubtful debts of premium receivables was as follows: Movement in provision for doubtful debts: SAR’000 September 30, 2020 December 31, 2019 (Unaudited) (Audited)Balance, January 1 491,315 528,642 Provision for the period / year 12,500 (37,327)Balance at end of period / year 503,815 491,315
Disclosure of cash and cash equivalents [text block]	CASH AND CASH EQUIVALENTS Cash and cash equivalents included in the interim condensed statement of cash flows comprise the following: SAR’000 Insurance operations September 30, 2020 December 31, 2019 (Unaudited) (Audited)Cash and bank balances 108,140 88,607 Deposits maturing within 3 months from the acquisition date 139,897 88,752 Cash and cash equivalent in the statement of cash flows 248,037 177,359 Deposit against letter of guarantee 76,059 80,321 324,096 257,680 SAR’000 Shareholders’ operations September 30, 2020 December 31, 2019 (Unaudited) (Audited)Cash and bank balances 13,397 33,536 Deposits maturing within 3 months from the acquisition date 73,561 - 86,958 33,536 Cash and bank balances 411,054 291,216 Cash and cash equivalents in the statement of cash flow 334,995 210,895 Cash at banks and short-term deposits are placed with counterparties who have credit ratings equivalent to A+ to BBB ratings under Standard and Poor's, Fitch and Moody’s ratings methodology. Deposits maturing within 3 months from the acquisition date are placed with local and licensed foreign banks’ branches in Kingdom of Saudi Arabia and earned special commission income at an average rate of 1.15% per annum (2019: 2.29% per annum). The carrying amounts disclosed above reasonably approximate the fair value at the statement of financial position date. Deposits against letters of guarantee comprise amounts placed with a local bank against issuance of payment guarantees in favor of the Company’s customers and service providers (also see note 21). Such deposits against letters of guarantee cannot be withdrawn before the expiration of guarantee (are restricted in nature).
Disclosure of technical reserve for insurance/takaful/reinsurance/retakaful operations [text block]	TECHNICAL RESERVES Outstanding Claims and IBNR September 30, 2020 December 31, 2019 (Unaudited) (Audited) Gross Re-insurance share Net Gross Re-insurance share Net SAR’000 SAR’000 Outstanding claims 576,100 (416,369) 159,731 466,610 (334,829) 131,781 Claims incurred but not reported 611,555 (252,141) 359,414 751,200 (222,617) 528,583 1,187,655 (668,510) 519,145 1,217,810 (557,446) 660,364 Other Technical Reserves September 30, 2020 December 31, 2019 (Unaudited) (Audited) SAR’000 Premium deficiency reserve 37,012 20,529 Others 13,384 14,894 Other reserves at end of the period / year 50,396 35,423 Unearned Premiums The movements during the period for unearned premiums are as follows: For the period ended September 30, 2020 (Unaudited) SAR’000 Gross Re-insurance Net Balance at the beginning of the period / year 985,437 (290,619) 694,818 Premium written during the period 1,934,050 (812,236) 1,121,814 Premium earned during the period (1,904,852) 1,471,708 (433,144) Balance at the end of the period 1,014,635 368,853 1,383,488 For the year ended December 31, 2019 (Audited) SAR’000 Gross Re-insurance Net Balance at the beginning of the year 1,236,849 (282,901) 953,948 Premium written during the year 2,421,277 (628,510) 1,792,767 Premium earned during the year (2,672,689) 620,792 (2,051,897) Balance at the end of the year 985,437 (290,619) 694,818
Disclosure of capital management [text block]	The Company manages its capital requirements by assessing shortfalls between reported and required capital levels on a regular basis. Adjustments to current capital levels are made in light of changes in market conditions and risk characteristics of the Company’s activities. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders or issue shares. Further the Board resolved at 6 October 2020 to reduce share capital by SAR 100 million and to increase share capital by SAR 350 million, the legal procedures are yet to be completed.The Company is not in compliance with the solvency margin required by SAMA (refer note 2 - going concern).
Disclosure of commitments and contingencies, general [text block]	a) Legal proceedingsThe Company operates in the insurance industry and is subject to legal proceedings in the normal course of business. While it is not practicable to forecast or determine the final results of all pending or threatened legal proceedings, management does not believe that such proceedings (including litigations) will have a material effect on its results and financial positionb) Contingencies and capital commitmentsAs at 30 September 2020, the Company’s banker has issued letters of guarantee of SR 76,059 thousand (31 December 2019: SR 80,321 thousand) to various customers, motor agencies and workshops as per the terms of the agreements with them (also see note 6). The Company had no capital commitments in 2020 (31 December 2019: nil). c) Contingent liabilityThe Company, is subject to a litigation, based on independent legal advice, the Company does not believe that the outcome of these court cases will have a material impact on the Company`s income or financial condition..

[100010] Filing information	[200100] Independent auditors report	[300100] Statement of financial position, order of liquidity
[300200] Statement of insurance/ takaful operations, nature of expense	[300300] Statement of shareholders operations, nature of expense	[300400] Statement of other comprehensive income, before tax, insurance operations
[300500] Statement of other comprehensive income, before tax, shareholders operations	[300600] Statement of cash flows, indirect method, insurance operations	[300700] Statement of cash flows, indirect method, shareholders operations
[300800] Statement of changes in equity	[400100] Notes forming part of accounts