	English [member]
Start Date	2020-01-01	2019-01-01
End Date	2020-12-31	2019-12-31
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	Annual
Reporting period start date	2020-01-01	2019-01-01
Reporting period end date	2020-12-31	2019-12-31
Description of nature of financial statements	Standalone
Status of financial statements	Audited
Description of presentation currency	Saudi Arabia, Riyals
Level of rounding used in financial statements	Thousands

[200100] Independent auditors report

	Primary auditor [member]	Second primary auditor [member]
	English [member]	English [member]
Start Date	2020-01-01	2020-01-01
End Date	2020-12-31	2020-12-31
Auditors information [line items]
Details of auditors signing report [abstract]
Name of auditor signing report	Abdullah M. AlAzem	Suleiman A. Al-Kharashi
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	2020-01-01
End Date	2020-12-31
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	We have audited the financial statements of The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company, (A Saudi Joint Stock Company) (the “Company”), which comprise of Statement of financial position as at 31 December 2020, statements of income, statements of comprehensive income and the statements of changes in shareholders’ equity and cash flows for the year then ended, and the accompanying notes which form an integral part of these financial statements.In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as at 31 December 2020, and the results of its operations and its cash flows for the year then ended in accordance with International Financial Reporting Standards (IFRS) as endorsed in the Kingdom of Saudi Arabia and other standards and pronouncements that are issued by Saudi Organization for Certified Public Accountants (“SOCPA”).
Basis of opinion	We conducted our audit in accordance with International Standards on Auditing (“ISAs”) as endorsed in the Kingdom of Saudi Arabia. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the professional code of conduct and ethics, as endorsed in the Kingdom of Saudi Arabia that are relevant to our audit of the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Material uncertainty related to going concern	We draw attention to note 2 to the accompanying financial statements, which details various communications from SAMA to the Company. The Company did not meet the solvency margin requirements as at 31 December 2020. The deficiency in solvency margin along with other matters as set forth in note 2 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 financial statements are prepared using the going-concern assumption based on management’s assessment on the company abilities to continue as a going concern. Our opinion is not modified with respect to this matter.
Key audit matters	Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current year. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.
Responsibilities of management and those charged with governance for financial statements	The Directors are responsible for the preparation and fair presentation of the financial statements in accordance with International Financial Reporting Standards (IFRS) as endorsed in the Kingdom of Saudi Arabia and other standards and pronouncements that are issued by Saudi Organization for Certified Public Accountants (“SOCPA”), the applicable requirements of the Regulations for Companies, the Cooperative Insurance Companies Control Law in the Kingdom of Saudi Arabia and the Company’s by-laws and for such internal control as the Directors determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Company’s financial reporting process.
Auditors responsibilities for audit of financial statements	Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with International Standards on Auditing “ISAs” as endorsed in the Kingdom of Saudi Arabia will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.As part of an audit in accordance with International Standards on Auditing (“ISAs”) as endorsed in the Kingdom of Saudi Arabia, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Directors. Conclude on the appropriateness of the Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Company to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current year and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.
Date of signing audit report by auditor	2021-03-07

[300100] Statement of financial position, order of liquidity

Start Date	2020-01-01	2019-01-01	Note No.
End Date	2020-12-31	2019-12-31	Note No.
Statement of financial position [abstract]
Assets [abstract]
Insurance/ takaful operations assets [abstract]
Property and equipment, net, insurance/ takaful operations assets	23,642	20,889
Due from related parties, insurance/ takaful operations assets	1,994	63
Deferred policy acquisition costs	60,156	67,196
Reinsurers/ retakaful share of unearned premiums/ contributions	220,301	290,619
Due from shareholders operations	527,888	606,999
Premiums/ insurance receivables/takaful contributions receivable, net	842,898	572,215
Reinsurers/ retakaful share of outstanding claims/ benefits, net	736,004	557,446
Time (Murabaha) deposits, insurance/ takaful operations assets	0	91,835
Available-for-sale investments, insurance/ takaful operations assets	10,502	10,181
Cash and cash equivalents, insurance/ takaful operations assets	272,589	177,359
Other assets, insurance/ takaful operations assets	345,952	356,746
Total insurance/ takaful operations assets	3,041,926	2,751,548
Shareholders assets [abstract]
Property and equipment, net, shareholders assets	30,000	30,000
Investments in joint ventures and associates, shareholders assets	9,734	9,393
Goodwill	480,000	480,000
Statutory deposit	120,000	120,000
Time (Murabaha) deposits, shareholders assets	18,477	175,049
Accrued investment income	26,626	23,864
Available-for-sale investments, shareholders assets	580,414	469,264
Due from insurance/ takaful operations assets	-527,888	-606,999
Cash and cash equivalents, shareholders assets	66,076	33,536
Other assets, shareholders assets	3,104	15,232
Total shareholders assets	806,543	749,339
Total assets	3,848,469	3,500,887
Liabilities and equity [abstract]
Insurance/ takaful operations liabilities and surplus (deficit) [abstract]
Insurance/ takaful operations liabilities [abstract]
Gross unearned premiums/ contributions	1,023,041	985,437
Premiums/ contributions received in advance	31,456	20,529
Unearned commission income	32,914	31,161
Employees end of service benefits, insurance/ takaful operations liabilities	24,405	27,451
Surplus distribution payable	89,393	112,561
Due to related parties, insurance/ takaful operations liabilities	751	17,080
Reinsurers/ retakaful balance payable	165,531	107,488
Gross outstanding claims/ benefits including IBNR payable	1,299,713	1,217,810
Other technical reserves	27,294	14,894
Accrued commission payable	144,715	137,744
Accrued expenses payable, insurance/ takaful operations liabilities	191,120	58,468
Other liabilities, insurance/ takaful operations	16,596	25,903
Total insurance/ takaful operations liabilities	3,046,929	2,756,526
Total insurance/ takaful operations liabilities and surplus (deficit)	3,046,929	2,756,526
Shareholders liabilities and equity [abstract]
Shareholders liabilities [abstract]
Zakat payable	12,767	13,188
Accrued expenses payable, shareholders liabilities	29,076	25,018
Total shareholders liabilities	41,843	38,206
Shareholders equity [abstract]
Equity attributable to owners of parent [abstract]
Share capital	800,000	800,000
Statutory reserve	26,135	146,135
Fair value reserve on investments, shareholders equity	38,636	21,661
Retained earnings (accumulated losses)	-99,569	-256,482
Other reserves	-5,505	-5,159
Total equity attributable to equity holders of company	759,697	706,155
Total shareholders liabilities and equity	801,540	744,361
Total insurance/ takaful operations liabilities, surplus (deficit) and shareholders liabilities and equity	3,848,469	3,500,887

[300200] Statement of insurance/ takaful operations, nature of expense

Start Date	2020-01-01	2019-01-01	Note No.
End Date	2020-12-31	2019-12-31	Note No.
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	2,534,501	2,421,277
Excess of loss expense	55,755	55,401
Expenses incurred on gross premium written	0
Reinsurance/ retakaful premiums ceded	893,783	628,510
Net premiums/ contributions written	1,584,963	1,737,366
Changes in unearned premiums/ contributions	107,921	-259,129
Net premiums/ contributions earned	1,477,042	1,996,495
Reinsurance/ retakaful commissions	180,469	98,912
Total income from insurance/ takaful operations	1,657,511	2,095,407
Cost and expenses [abstract]
Net claims/ benefits incurred [abstract]
Net claims/ benefits paid [abstract]
Gross claims/ benefits paid	1,709,252	1,915,510
Reinsurance/ retakaful share of gross claims/ benefits paid	498,315	361,784
Net claims/ benefits paid	1,210,937	1,553,726
Changes in outstanding claims/ benefits including IBNR	79,709	100,729
Changes in other technical reserves	-176,364	30,317
Changes in other reserves	23,328	-25,388
Net claims/ benefits incurred	1,137,610	1,659,384
Policy acquisition costs	100,135	117,785
General and administrative expenses, insurance/ takaful operations	403,114	345,802
Other underwriting income	11,537	20,725
Realised gain (loss) on held-to-maturity investments	5,044	16,794
Total cost and expenses	1,624,278	2,085,452
Surplus (deficit) for period from insurance/ takaful operations	33,233	9,955
Shareholders appropriation from insurance/ takaful operations surplus (deficit)	29,910	8,960
Net result for period from insurance/ takaful operations after shareholders appropriation	3,323	995
Policyholders share of accumulated surplus, at end of period	3,323	995

Start Date	2020-01-01	2019-01-01
End Date	2020-12-31	2019-12-31
Statement of shareholders operations [abstract]
Profit (loss) [abstract]
Income (loss) from continuing operations [abstract]
Shareholders appropriation of surplus (deficit) transferred from insurance/ takaful operations	29,910	8,960
Revenue [abstract]
Investment income	3,942	4,420
Income from murabaha/ time deposits	10,665	13,449
Realised gain (loss) on available-for-sale investments	9,288	-164
Dividend income	6,367	0
Total revenue	30,262	17,705
Expenses [abstract]
General and administrative expenses, shareholders operations	5,268	7,489
Total expenses	5,268	7,489
Income (loss) from continuing operations before zakat and income tax	54,904	19,176
Zakat expenses on continuing operations for period	17,991	16,052
Profit (loss) from continuing operations	36,913	3,124
Profit (loss) for the period	36,913	3,124
Profit (loss), attributable to [abstract]
Profit (loss), attributable to saudi shareholders of company	27,684.75	2,343
Profit (loss), attributable to non-saudi shareholders of company	9,228.25	781
Earnings per share [abstract]
Basic earnings (loss) per share [abstract]
Basic earnings (loss) per share from discontinued operations	0.46	0.04
Total basic earnings (loss) per share	0.46	0.04
Weighted average number of equity shares outstanding	80000	80000
Share closing price at the last trading day of financial year (in numbers)	23.72	15.98

Start Date	2020-01-01	2019-01-01
End Date	2020-12-31	2019-12-31
Statement of other comprehensive income, before tax [abstract]
Net result for period from insurance/ takaful operations after shareholders appropriation	3,323	995
Total comprehensive income (loss) for period	3,323	995

Start Date	2020-01-01	2019-01-01
End Date	2020-12-31	2019-12-31
Statement of other comprehensive income, before tax [abstract]
Statement of comprehensive income [abstract]
Profit (loss) for the period	36,913	3,124
Other comprehensive income [abstract]
Components of other comprehensive income that will not be reclassified to profit or loss [abstract]
Remeasurement gains (losses) on defined benefit plans	-346	-874
Total other comprehensive income that will not be reclassified to profit or loss	-346	-874
Components of other comprehensive income that will be reclassified to profit or loss [abstract]
Available-for-sale financial assets [abstract]
Gains (losses) on remeasuring available-for-sale financial assets	16,975	22,103
Total other comprehensive income (loss), available-for-sale financial assets	16,975	22,103
Total other comprehensive income (loss), that will be reclassified to profit or loss	16,975	22,103
Total other comprehensive income (loss)	16,629	21,229
Total comprehensive income (loss) for period	53,542	24,353
Total comprehensive income (loss) attributable to [abstract]
Total comprehensive income (loss), attributable to saudi shareholders of company	40,156.5	18,264.75
Total comprehensive income (loss), attributable to non-saudi shareholders of company	13,385.5	6,088.25

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

Start Date	2020-01-01	2019-01-01	Note No.
End Date	2020-12-31	2019-12-31	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	3,323	995
Adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation
Adjustments for depreciation, insurance/ takaful operations cash flow	9,563	8,258
Adjustments for employees end of service benefits	6,071	7,030
Adjustments for allowance for doubtful receivables	39,115	-36,882
Adjustments for (gains) losses on disposal of property and equipment, net	0	25
Other adjustments to reconcile net income to net cash from insurance/ takaful operating activities	3,323
Total adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation	58,072	-21,569
Changes in operating assets and liabilities [abstract]
Adjustments for decrease (increase) in premium receivables, net	-297,428	145,745
Adjustments for decrease (increase) in prepayments and other assets	-12,622	-118,821
Adjustments for increase (decrease) in outstanding claims including IBNR	-178,558	-136,639
Adjustments for increase (decrease) in reinsurers/ retakaful balance payable	58,043	57,078
Adjustments for increase (decrease) in accrued expenses and other liabilities	123,345	-71,302
Adjustments for increase (decrease) in accrued commission income	6,971	12,884
Adjustments for increase (decrease) in accrued retroceded/ reinsurance premiums	70,318	-7,718
Adjustments for decrease (increase) in reinsurers/ retakaful share of outstanding claims, net	81,903	267,686
Adjustments for decrease (increase) in retroceded share of outstanding claims	0	0
Adjustments for decrease (increase) in deferred policy acquisition costs	7,040	9,031
Adjustments for decrease (increase) in due from shareholders operations	-1,931	0
Adjustments for increase (decrease) in due to shareholders operations	-16,329	-520
Adjustments for movement in gross unearned premiums/ contributions	37,604	-251,412
Adjustments for reinsurance/ retakaful share of unearned premiums/ contributions	10,927	-30,522
Adjustment for changes in other technical reserves	12,400	5,134
Adjustments for other changes in operating assets and liabilities, insurance/ takaful operations cash flow	-26,478	-38,176
Total changes in operating assets and liabilities	-124,795	-157,552
Net cash flows from (used in) insurance/ takaful operations	-63,400	-178,126
Other inflows (outflows) of cash classified as operating activities, insurance/ takaful operations cash flow	35,954	5,914
Net cash flows from (used in) operating activities, insurance/ takaful operations	-27,446	-172,212
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	79,519	-84,365
Net cash flows from (used in) investing activities, insurance/ takaful operations	79,519	-84,365
Cash flows from (used in) financing activities, insurance/ takaful operations [abstract]
Due to related party, insurance/ takaful operations cash flow	-79,111	207,439
Other inflows (outflows) of cash classified as financing activities, insurance/ takaful operations cash flow	-35,954	-5,914
Net cash flows from (used in) financing activities, insurance/ takaful operations	43,157	-213,353
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	95,230	-469,930
Net increase (decrease) in cash and cash equivalents	95,230	-469,930
Cash and cash equivalents at beginning of period	177,359	647,289
Cash and cash equivalents at end of period	272,589	177,359

[300700] Statement of cash flows, indirect method, shareholders operations

Start Date	2020-01-01	2019-01-01	Note No.
End Date	2020-12-31	2019-12-31	Note No.
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	54,904	19,176
Net profit (loss) for period (before zakat expenses and income tax)	54,904	19,176
Adjustments to reconcile profit (loss) [abstract]
Adjustments for unrealised loss (gain) on investments held as fair value through statement of income, shareholders cash flow	166	-748
Other adjustments for non-cash items	-142	-1,665
Total adjustments to reconcile profit (loss)	24	-2,413
Net cash flows from (used in) operations	54,928	16,763
Zakat expenses	5,012	28,087
Net cash flows from (used in) operating activities	49,916	-11,324
Cash flows from (used in) investing activities [abstract]
Proceeds from sales of investments		479
Purchase of available-for-sale investments	0	398,192
Proceeds from disposal of available-for-sale investments	91,835	-175,049
Cash receipts from repayment of advances and loans made to other parties	-12,316	0
Net cash flows from (used in) investing activities	79,519	-572,762
Cash flows from (used in) financing activities [abstract]
Due to reinsurance/ retakaful operations	79,111	-207,439
Payments of finance lease liabilities	17,784
Net cash flows from (used in) financing activities	-96,895	207,439
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	32,540	-376,647
Net increase (decrease) in cash and cash equivalents	32,540	-376,647
Cash and cash equivalents at beginning of period	33,536	410,183
Cash and cash equivalents at end of period	66,076	33,536

[300800] Statement of changes in equity

	Share capital [member]		Share premium [member]		Statutory reserve [member]		General reserve [member]		Fair value reserve on investments, shareholders equity [member]		Retained earnings (accumulated losses) [member]		Treasury shares [member]		Other reserves [member]		Reserve of disposal group held for distribution/ sale [member]		Share based payments reserve [member]		Other equity interest [member]		Equity attributable to owners of parent [member]		Non-controlling interests [member]		Total equity [member]
Start Date	2020-01-01	2019-01-01	2020-01-01	2019-01-01	2020-01-01	2019-01-01	2020-01-01	2019-01-01	2020-01-01	2019-01-01	2020-01-01	2019-01-01	2020-01-01	2019-01-01	2020-01-01	2019-01-01	2020-01-01	2019-01-01	2020-01-01	2019-01-01	2020-01-01	2019-01-01	2020-01-01	2019-01-01	2020-01-01	2019-01-01	2020-01-01	2019-01-01
End Date	2020-12-31	2019-12-31	2020-12-31	2019-12-31	2020-12-31	2019-12-31	2020-12-31	2019-12-31	2020-12-31	2019-12-31	2020-12-31	2019-12-31	2020-12-31	2019-12-31	2020-12-31	2019-12-31	2020-12-31	2019-12-31	2020-12-31	2019-12-31	2020-12-31	2019-12-31	2020-12-31	2019-12-31	2020-12-31	2019-12-31	2020-12-31	2019-12-31
Statement of changes in equity [line items]
Equity balance at beginning of period (before adjustments)	800,000	800,000			146,135	146,135			21,661	-442	-256,482	-259,606			-5,159	-4,285											706,155	681,802
Equity balance at beginning of period (after adjustments)	800,000	800,000			146,135	146,135			21,661	-442	-256,482	-259,606			-5,159	-4,285											706,155	681,802
Changes in equity [abstract]
Comprehensive income [abstract]
Net profit (loss) for period											36,913	3,124															36,913	3,124
Other comprehensive income, net of tax									16,975	22,103					-346	-874											16,629	21,229
Total comprehensive income (loss) for period									16,975	22,103	36,913	3,124			-346	-874											53,542	24,353
Other miscellaneous changes in equity					-120,000						120,000																0
Total changes in equity					-120,000				16,975	22,103	156,913	3,124			-346	-874											53,542	24,353
Equity balance at end of period	800,000	800,000			26,135	146,135			38,636	21,661	-99,569	-256,482			-5,505	-5,159											759,697	706,155

[400100] Notes forming part of accounts

	English [member]	Note No.
Start Date	2020-01-01
End Date	2020-12-31
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 StockCompany registered in the Kingdom of Saudi Arabia under Commercial Registration No. 1010231925 dated 8 Rabi Thani1428H (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 theKingdom of Saudi Arabia. Its principal lines of business include medical, motor and other general insurance. The Companywas 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 financial statements have been prepared on a historical cost basis except for the measurement at fair value of available forsale investments and investment in associates which is accounted for under equity method.
Disclosure of statement of compliance [text block]	The financial statements of the Company have been prepared in accordance with ‘International Financial Reporting Standards(IFRS) as endorsed in the Kingdom of Saudi Arabia and other standards and pronouncements issued by the SaudiOrganization for Certified Public Accountants (SOCPA) and the Regulations for Companies in the Kingdom of Saudi Arabia.On 17 July 2019, SAMA instructed the insurance companies in the Kingdom of Saudi Arabia to account for the zakat andincome taxes in the statement of income. This aligns with the IFRS and its interpretations as issued by the InternationalAccounting Standards Board (“IASB”) and as endorsed in the Kingdom of Saudi Arabia and with the other standards andpronouncements that are issued by the Saudi Organization for Certified Public Accountants (“SOCPA”) (collectively referredto as “IFRS as endorsed in KSA”).As required by Saudi Arabian insurance regulations, the Company maintains separate accounts for Insurance Operations andShareholders’ Operations and presents the financial statements accordingly (refer note 34). The physical custody of all assetsrelated to the Insurance Operations and Shareholders’ Operations are held by the Company. Revenues and expenses clearlyattributable to either activity are recorded in the respective accounts. The basis of allocation of other revenue and expensesfrom joint operations is as determined by the management and Board of Directors.
Disclosure of functional and presentation currency [text block]	The functional and presentational currency of the Company is Saudi Arabian Riyals. The financial statements are presented inSaudi Riyal rounded to nearest thousand (SAR’000) unless otherwise stated.
Disclosure of going concern [text block]	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 theaccumulated losses which had been approved in Annual General Assembly meeting held on 3 June 2020 and adjustedaccordingly. Further the Board of directors in their meeting held on 6 October 2020, recommended to reduce share capitalby SAR 100 million and to increase share capital by SAR 350 million, the capital reduction and right issue is subject tothe approval of the regulatory authorities and general assembly of the Company.Management has performed an assessment of its going concern assumption under different scenarios. Based on theunderlying cash flow projections under such scenarios, management believes that the Company will be able to continuethe business and meet its obligations as and when they fall due over the next 12 months. As a result, the financial statements have been prepared on a going concern basis. Management`s assessment is based on number ofestimates and assumptions including significant recoveries from major policyholders, reinsurers and related parties andother cost saving measures.SAMA had previously issued a letter number 391000054425 dated 29 January 2018, preventing the Company fromwriting any new policies and renewing the existing policies since the Company did not meet the vency marginrequirements as at 31 December 2017. SAMA, in its aforesaid letter, also instructed the Company to increase its sharecapital before 30 July 2018 to address the issue of its deteriorating solvency margin. The Company’s Board of Directors intheir meeting held on 6 February 2018, recommended a right issue amounting to SAR 400 million in order to improve thesolvency margin and the Company’s future business activities. Such right issue was subjected to approval of the regulatoryauthorities and general assembly of the Company. SAMA later issued a letter dated 15 April 2018 allowing the Companyto write new policies and renewing the existing policies starting from 17 April 2018 subject to certain conditions.On 17 October 2018 the Company successfully raised capital of SAR 400 million through issuance of right shares.

[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