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The Mediterranean and Gulf Insurance and Reinsurance Co.

Companies with accumulated losses of 20% to less than 35% of its capital'

8030
MEDGULF
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  • Main Market
  • Insurance

Stats Overview

  • Prev. Close 27.70
  • Open 27.65
  • High 28.30
  • Low 27.30
  • No. of Trades 1,630
  • Avg. Trade size* 341
  • Volume Traded 556,023
  • Value Traded (SAR) 15,454,496.65

Performance

MEDGULF
0.20 ( 0.72% )
Compare
Name Price Change %
The Mediterranean and Gulf Insurance and Reinsurance Co. 27.65 0.72%
Note: Prices are delayed minimum 5 minutes
  • *Average Trade Size = Cumulative / # of Trades
  • **52 Week Price Change =   (Current Price - Price year ago) / Price year ago x 100
  • Historical prices & volume traded data are adjusted to account for all corporate actions.
  • MO: Market Order

Trade Updates

Last Trade

Price
27.90
% Change
0.72
Volume Traded
3

Best Bid

Price 27.75
Volume 4

Best Offer

Price 27.90
Volume 2,958

52 WEEK

High
35.05
2024/05/08
Low
9.10
2023/06/14
Change**
206.59

PERFORMANCE

Start of Year
14.4
Year ago
9.1
3 Years ago
21.3

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Announcements

  • The Mediterranean and Gulf Insurance and Reinsurance Company (MEDGULF) Board invite its shareholders to attend the Ordinary General Assembly Meeting (The first and second meeting an hour after the first meeting)

    8030
    MEDGULF 0.72 %
    1445/11/28     05/06/2024 15:52:33
  • The Mediterranean and Gulf Insurance and Reinsurance Co. announces its Interim Financial Results for the period ending on 2024-03-31 ( Three Months )

    8030
    MEDGULF 0.72 %
    1445/11/05     13/05/2024 09:25:18
  • The Mediterranean and Gulf Insurance and Reinsurance Co. announces its Annual Financial Results for the Period Ending on 2023-12-31

    8030
    MEDGULF 0.72 %
    1445/09/10     20/03/2024 08:05:11
  • The Mediterranean and Gulf Insurance and Reinsurance Co. (Medgulf) Announces obtaining Insurance Authority’s Final Approval on the company’s Product.

    8030
    MEDGULF 0.72 %
    1445/08/02     12/02/2024 09:21:27
  • The Mediterranean and Gulf Insurance and Reinsurance Co. Announces Contract Sign Off with Saudi Electricity Company (SEC)

    8030
    MEDGULF 0.72 %
    1445/06/01     14/12/2023 08:01:21
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Corporate Actions

Upcoming Events

    Past Events

      Jump To :
      • Announcements & Corporate Actions
      • Dividends
      • Financials
      • Shareholding
      • Peer Comparison
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      Dividends

      Announced Date Eligibility Date Distribution Date Distribution Way Dividend Amount
      11/02/2012 31/03/2012 15/04/2012 Account Transfer 2.00
      29/03/2011 08/05/2011 06/06/2011 Account Transfer 1.25
      03/03/2010 05/04/2010 03/05/2010 Account Transfer 0.75

      CompanyProfilev2Financials

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      Financials

      • FINANCIAL INFORMATION
      • FINANCIAL STATEMENTS AND REPORTS
      • Annually
      • Quarterly
      Balance Sheet 2023-12-31
      Total Assets
      3,120,006
      - - -
      Total Liabilities
      2,202,586
      - - -
      Total Shareholders Equity (After Deducting the Minority Equity)
      917,420
      - - -
      Total Liabilities and Shareholders Equity
      3,120,006
      - - -
      Statement of Income 2023-12-31
      Total Revenue (Sales/Operating)
      3,332,154
      - - -
      Net Profit (Loss) before Zakat and Tax
      195,670
      - - -
      Zakat and Income Tax
      5,802
      - - -
      Net Profit (Loss) after Zakat and Tax
      201,472
      - - -
      Total Comprehensive Income
      210,702
      - - -
      Profit (Loss) per Share
      1.92
      - - -
      Cash Flow 2023-12-31
      Net Cash From Operating Activities
      67,753
      - - -
      Net Cash From Investing Activities
      -48,973
      - - -
      Net Cash From Financing Activities
      -9,141
      - - -
      Cash and Cash Equivalents, Beginning of the Period
      430,931
      - - -
      Cash and Cash Equivalents, End of the Period
      440,570
      - - -
      All Figures in Thousands
      All Currency In SAR
      Last Update Date 2024-03-28

      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.

      Balance Sheet 2024-03-31 2023-09-30 2023-06-30 2023-03-31
      Total Assets
      3,164,764
      3,683,991
      3,938,072
      3,353,017
      Total Liabilities
      2,221,083
      2,843,259
      3,130,581
      2,610,104
      Total Shareholders Equity (After Deducting the Minority Equity)
      943,681
      840,732
      807,491
      742,913
      Total Liabilities and Shareholders Equity
      3,164,764
      3,683,991
      3,938,072
      3,353,017
      Statement of Income 2024-03-31 2023-09-30 2023-06-30 2023-03-31
      Total Revenue (Sales/Operating)
      833,625
      878,356
      874,180
      779,299
      Net Profit (Loss) before Zakat and Tax
      27,261
      43,786
      64,578
      37,195
      Zakat and Income Tax
      -1,000
      -4,000
      -
      -1,000
      Net Profit (Loss) after Zakat and Tax
      26,261
      39,786
      64,578
      36,195
      Total Comprehensive Income
      26,261
      33,241
      64,578
      36,195
      Profit (Loss) per Share
      0.25
      0.38
      0.62
      0.34
      Cash Flow 2024-03-31 2023-09-30 2023-06-30 2023-03-31
      Net Cash From Operating Activities
      91,993
      -53,090
      72,926
      55,434
      Net Cash From Investing Activities
      132,877
      146,571
      69,165
      -112,693
      Net Cash From Financing Activities
      -4,812
      9,190
      -
      -582
      Cash and Cash Equivalents, Beginning of the Period
      440,570
      430,931
      430,931
      430,931
      Cash and Cash Equivalents, End of the Period
      660,628
      515,222
      573,022
      373,090
      All Figures in Thousands Thousands Thousands Thousands
      All Currency In SAR SAR SAR SAR
      Last Update Date 2024-05-20 2024-02-11 2024-02-11 2024-02-11

      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.

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      Shareholding Information

      • Board Of Directors
      • Foreign Ownership
      • Substantial Shareholders
      Time Period
      -
      Search
      Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
      2024-06-13 راكان عبدالله راشد ابونيان Chairman 12.0551010% 12.0551010% 0
      2024-06-13 عبدالرحمن محمد عبدالرحمن الرواف Board of Directors 0.0000952% 0.0000952% 0
      2024-06-13 احمد عبدالله ابراهيم بن احمد Board of Directors 0.0062495% 0.0062495% 0
      • The listed company (Publisher) shall be responsible for the accuracy of the published information pertaining to the ownership of the Board of Directors, Chief Executive Officer or highest executive position, and the Chief Financial Officer. The listed company shall also be responsible for updating these information thereof. Therefore, the Saudi Stock Exchange (Tadawul) shall not be liable for the information contained therein, nor for any consequences that may result from the said information.
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      The Mediterranean and Gulf Insurance and Reinsurance Co.
      Price 27.90
      Market Cap (SAR MN) 2,908
      P/E Ratio 14.87
      Index Name Index Level 1D Return
      The Mediterranean and Gulf Insurance and Reinsurance Co. %
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      Company Profile

      Company overview

      As one of the largest insurance companies in the Kingdom of Saudi Arabia, MedGulf offer many insurance products such as medical insurance, protection & saving , Motor insurance and general insurance under the supervision of the Saudi Arabian Monetary Agency (SAMA) and its Implementing regulations of the Cooperative insurance companies control Law and other applicable regulations and instructions ongoing in the Kingdom of Saudi Arabia which enable her to be is one of the leading company specialized in providing insurance services in the Saudi insurance market. The company also Boasts itself on its most important values, which is to take care of her customers and provide them with higher level of expectations, in addition, its geographic presence through point of sale and dealing with a wide network of brokers and agents, which allow the company to provide a high geographical coverage and reach a large amount of customers in the Kingdom.

      Company History

      MedGulf is one of the largest and oldest insurance companies in the Kingdom of Saudi Arabia ,It began her operation in 1995 under an agency contract , and was established independently by Royal Decree No. M / 60 dated 18/9/1427 H corresponding to 11/10/2006 AD, and with Commercial Register No. 1010231925 dated 08/04/1428 H corresponding to 26/4/2007, The Saudi Arabian Monetary Agency (SAMA) issued the Company''''s license No. (3/3/1979) dated 29/08 / 1428H to practice insurance activities in the following line of business : General insurance, Health insurance and protection and savings insurance.

      Company Bylaws

      Click here

      Equity Profile

      • Authorized Capital (SAR) 1,050,000,000
      • Issued Shares 105,000,000
      • Paid Capital (SAR) 1,050,000,000
      • Par Value/Share 10
      • Paid Up Value/Share 10

      Last Update :2021-11-04

      Investment limits

      There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on company's bylaw and the issued instructions by the related regulators and supervisory authorities.

       

      • Company Details
      • BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
      • Date Established

        2006/05/06

      • Financial Year End

        31/12

      • Listing Date

        2007/04/16

      • External Auditors

        [(Crow Harwath), (Al kharashi & Co)]

      • ISIN CODE

        SA000A0MJ2H8

      • Number of Employees

        -

      • Chairman

        Mr. Rakan Abdullah Abunayyan
        Non - Executive

        Mr. Rakan Abdullah Abunayyan
        • BD Session Start
          2022-05-08
          Designation
          Chairman
        • BD Session End
          2025-05-07
          Classification
          Non - Executive
        • Qualification
          Master of Finance
      • Board of Directors

        Ms. Monirah Saleh Al-Swaydani Non - Executive

        Ms. Monirah Saleh Al-Swaydani
        • BD Session Start
          2022-05-08
          Designation
          Board of Directors
        • BD Session End
          2025-05-07
          Classification
          Non - Executive
        • Qualification
          BSc English Language

        Mr. Yousef Hamad Al-Yousfi Deputy Chairman - Independent

        Mr. Yousef Hamad Al-Yousfi
        • BD Session Start
          2022-05-08
          Designation
          Board of Directors
        • BD Session End
          2025-05-07
          Classification
          Deputy Chairman - Independent
        • Qualification
          Master of Business Administration

        Mr. Abdulrahman Mohammed Al-Rawaf Non - Executive

        Mr. Abdulrahman Mohammed Al-Rawaf
        • BD Session Start
          2022-05-08
          Designation
          Board of Directors
        • BD Session End
          2025-05-07
          Classification
          Non - Executive
        • Qualification
          Master of Public Administration

        Mr. Abdulmajed Abdulaziz Al-Meshaal Independent

        Mr. Abdulmajed Abdulaziz Al-Meshaal
        • BD Session Start
          2022-05-08
          Designation
          Board of Directors
        • BD Session End
          2025-05-07
          Classification
          Independent
        • Qualification
          Master of Studies in Wealth Management

        Dr. Ahmed Abdullah Bin Ahmed Independent

        Dr. Ahmed Abdullah Bin Ahmed
        • BD Session Start
          2022-05-08
          Designation
          Board of Directors
        • BD Session End
          2025-05-07
          Classification
          Independent
        • Qualification
          Master of International Healthcare Leadership

        Mr. Andrew Paul Rear Independent

        Mr. Andrew Paul Rear
        • BD Session Start
          2022-05-08
          Designation
          Board of Directors
        • BD Session End
          2025-05-07
          Classification
          Independent
        • Qualification
          MA Mathematics
      • Senior Executives

        Mr. Umar Abdulrahman Al Mahmoud CEO

        Mr. Umar Abdulrahman Al Mahmoud
        • BD Session Start
          2023-03-26
          Designation
          Senior Executives
        • BD Session End
          -
          Classification
          CEO
        • Qualification
          B.S. in Management Information System

        Mr.Georgi Markov CFO

      Mr.Georgi Markov
      • BD Session Start
        2023-01-09
        Designation
        Senior Executives
      • BD Session End
        -
        Classification
        CFO
      • Qualification
        Bachelor of European - Studies Economy and Law Profile Master in Economics / Bank Management Master Of Business Administration

      Investor Relations

      Contact Name:

      Shareholders Relations

      Company Address:

      Al-Maather street al futuro tower P.O.BOX 2302 Riyadh 11451 Kingdom of Saudi Arabia

      Contact Details:

      Telephone: 011-4055550
      Fax : 011-4055588
      Email : investorsrelations@medgulf.com.sa

      Company Website:

      www.medgulf.com.sa


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      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of these disclosures, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of these disclosures, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.