Last SR63.81 SAR
Change Today +1.64 / 2.64%
Volume 1.2M
As of 8:30 AM 11/20/14 All times are local (Market data is delayed by at least 15 minutes).

mediterranean & gulf insuran (MEDGULF) Snapshot

Open
SR62.25
Previous Close
SR62.17
Day High
SR65.50
Day Low
SR62.25
52 Week High
10/28/14 - SR79.00
52 Week Low
01/26/14 - SR26.00
Market Cap
6.4B
Average Volume 10 Days
895.1K
EPS TTM
SR-1.03
Shares Outstanding
100.0M
EX-Date
04/1/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MEDITERRANEAN & GULF INSURAN (MEDGULF)

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mediterranean & gulf insuran (MEDGULF) Details

The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company provides insurance and reinsurance products and services in the Kingdom of Saudi Arabia. The company operates in three segments: Medical Insurance, Motor Insurance, and Other Classes. It offers health insurance products, including group health, individual health, and travel insurance products; and group life insurance products. The company also offers general insurance products comprising aviation and air transportation, employer's liability, engineering project insurance, fidelity guarranty insurance, marine shipping and craft hulls, money insurance, personal accident, professional liability, property insurance, public/product liability, theft insurance, and vehicle insurance. The company was founded in 2007 and is based in Riyadh, the Kingdom of Saudi Arabia.

Founded in 2007

mediterranean & gulf insuran (MEDGULF) Top Compensated Officers

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Executives, Board Directors

mediterranean & gulf insuran (MEDGULF) Key Developments

The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company Announces Earnings Results for the Third Quarter and Nine Months Ended September 2014

The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company announced earnings results for the third quarter and nine months ended September 2014. For the third quarter, the company reported a 983% year-on-year surge in net profit before zakat to SAR 38.87 million (USD 10.36 million /EUR 8.13 million), fuelled by a 101% increase in net underwriting income resulting from a revised pricing policy. Net profit of policy holder’s investment for the reported period grew 6.34% on the year to SAR 1.7 million. Net profit of shareholders capital investment halved to SAR 1.65 million from SAR 3.73 million, reflecting a decline in the income from special commission fees. For January through end-September 2014, the company raised its net profit before zakat by an annual 171% to SAR 141.64 million. Earnings per share (EPS) rose to SAR 1.42 from SAR 0.52. Net profit of shareholders capital investment almost halved to nearly SAR 7 million from SAR 12.6 million.

The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company Presents at MENA & Frontier Markets Conference 2014, Nov-16-2014

The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company Presents at MENA & Frontier Markets Conference 2014, Nov-16-2014 . Venue: Riyadh, Saudi Arabia.

The Mediterranean and Gulf Insurance and Reinsurance Co Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

The Mediterranean and Gulf Insurance and Reinsurance Co reported earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company has posted net loss before zakat 2013 of SAR 244.54 million, compared to a net profit before zakat of SAR 131.94 million for the same quarter ended December 31, 2012. Net written premiums for the fourth quarter ended December 31, 2013 were SAR 447 million, compared to SAR 556.93 million for the same quarter ended December 31, 2012. For the year, the company has posted net loss before zakat of SAR 192.46 million, or SAR 1.92 loss per share, compared to a net profit before zakat of SAR 201.32 million, or SAR 2.01 per share, for the year ended December 31, 2012. Net written premiums for the year ended December 31, 2013 were SAR 2.89 million, compared to SAR 2.4 million for the year ended December 31, 2012.

 

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