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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 9.48
  • Open 9.51
  • High 9.88
  • Low 9.49
  • No. of Trades 732
  • Avg. Trade size* 516
  • Volume Traded 377,570
  • Value Traded (SAR) 3,673,792.35

Performance

MEDGULF
0.40 ( 4.22% )
Compare
Index Name Index Level 1D Return
The Mediterranean and Gulf Insurance and Reinsurance Co. 9.51 4.22%
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
9.88
% Change
4.22
Volume Traded
1,908

Best Bid

Price 9.86
Volume Traded 543

Best Offer

Price 9.88
Volume Traded 23,690

52 WEEK

High
19.46
2022/02/07
Low
8.17
2022/12/12
Change**
-47.5

PERFORMANCE

Start of Year
8.93
Year ago
18.82
3 Years ago
21.92

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  • Announcements & Corporate Actions
  • Financials
  • Shareholding
  • Peer Comparison
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Announcements

  • The Mediterranean and Gulf Insurance and Reinsurance Co. (Medgulf) Announces obtaining SAMA’s Final Approval on the company’s Product.

    8030
    MEDGULF 4.22 %
    1444/06/05     29/12/2022 15:45:07
  • The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) announces the receipt of a Notice of Award from the Saudi Electricity Company in relation of the Health insurance for SEC employees and employees’ families contract.

    8030
    MEDGULF 4.22 %
    1444/05/04     28/11/2022 16:00:28
  • Correction announcement from The Mediterranean and Gulf Insurance and Reinsurance Co. in regards to its announcement Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )

    8030
    MEDGULF 4.22 %
    1444/04/14     08/11/2022 08:24:30
  • The Mediterranean and Gulf Insurance and Reinsurance Co. announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )

    8030
    MEDGULF 4.22 %
    1444/04/13     07/11/2022 08:14:39
  • The Mediterranean and Gulf Insurance and Reinsurance Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

    8030
    MEDGULF 4.22 %
    1444/01/23     21/08/2022 08:18:49
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Corporate Actions

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CompanyProfilev2Financials

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Financials

  • Balance Sheet
  • Statement of Income
  • Cash Flow
  • XBRL
  • Detailed Reports and Statements
  • Annually
  • Quarterly
Balance Sheet 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Policyholders (Ph) Assets: - - - -
Investments and Cash at Banks
238,503
361,935
359,696
737,246
Receivables, Net
838,577
842,898
572,215
681,078
Other Assets
1,979,291
1,837,093
1,819,637
1,332,950
Total Ph Assets
3,056,371
3,041,926
2,751,548
2,751,274
Shareholders (Sh) Assets: - - - -
Investments and Cash at Banks SH
1,033,417
674,701
687,242
608,713
Other Assets SH
35,493
131,842
62,097
512,522
Total Sh Assets
1,068,910
806,543
749,339
1,121,235
Total Assets
4,125,281
3,848,469
3,500,887
3,872,509
Ph Liabilities : - - - -
Reinsurers Balances Payable
155,259
165,531
107,488
50,410
Technical Reserves
2,266,610
2,414,418
2,269,831
2,269,989
Other Liabilities
634,502
461,977
374,229
430,875
Total Ph Liabilities
3,056,371
3,041,926
2,751,548
2,751,274
Sh Liabilities and Equity: - - - -
Sh Liabilities
45,493
41,843
38,206
449,071
Sh Equity
1,023,417
764,700
711,133
672,164
Total Sh Liabilities and Equity
1,068,910
806,543
749,339
1,121,235
Total Liabilities
4,125,281
3,848,469
3,500,887
3,872,509
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-03-15 2021-03-14 2020-03-08 2019-04-10
Balance Sheet 2022-09-30 2022-06-30 2022-03-31 2021-09-30
Policyholders (Ph) Assets: - - - -
Investments and Cash at Banks
341,208
384,683
337,576
371,619
Receivables, Net
899,410
1,096,821
1,310,536
709,051
Other Assets
2,046,293
1,992,047
1,996,410
1,967,702
Total Ph Assets
3,286,911
3,473,551
3,644,522
3,048,372
Shareholders (Sh) Assets: - - - -
Investments and Cash at Banks SH
1,113,079
1,109,671
1,157,867
691,937
Other Assets SH
-245,903
-200,099
-145,959
105,629
Total Sh Assets
867,176
909,572
1,011,908
797,566
Total Assets
4,154,087
4,383,123
4,656,430
3,845,938
Ph Liabilities : - - - -
Reinsurers Balances Payable
229,870
173,214
152,027
224,438
Technical Reserves
2,506,699
2,701,233
2,839,619
2,371,145
Other Liabilities
550,342
599,104
652,876
452,789
Total Ph Liabilities
3,286,911
3,473,551
3,644,522
3,048,372
Sh Liabilities and Equity: - - - -
Sh Liabilities
37,056
48,555
47,020
47,060
Sh Equity
830,120
861,017
964,888
750,506
Total Sh Liabilities and Equity
867,176
909,572
1,011,908
797,566
Total Liabilities
4,154,087
4,383,123
4,656,430
3,845,938
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-11-13 2022-08-21 2022-05-23 2021-11-11
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Shareholding Information

  • Board Of Directors
  • Foreign Ownership
  • Substantial Shareholders
Time Period
-
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Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
2023-01-31 راكان عبدالله راشد ابونيان Chairman 12.0551010 12.0551010 0
2023-01-31 عبدالرحمن محمد عبدالرحمن الرواف Board of Directors 0.0000952 0.0000952 0
2023-01-31 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 9.88
Market Cap (SAR MN) 1,037
P/E Ratio -3.42
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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

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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

    Dr. Goetz Friedrich Kuras CEO

    Dr. Goetz Friedrich Kuras
    • BD Session Start
      2021-03-23
      Designation
      Senior Executives
    • BD Session End
      -
      Classification
      CEO
    • Qualification
      PhD Theoretical Physics

    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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