Medgulf Insurance Announces Elimination of Accumulated Losses

Logo of Middle East and Gulf Insurance and Reinsurance Cooperative - Medgulf

Middle East and Gulf Insurance and Reinsurance Cooperative (Medgulf) announced that its accumulated losses decreased to 0% of capital, as of June 29, 2026. The company said in a statement on Tadawul that it took the necessary regulatory measures, including obtaining approval from the extraordinary general assembly to use part of the share premium to eliminate all accumulated losses, in accordance with relevant regulations and laws, resulting in accumulated losses decreasing to 0% of capital. According to data available on Argaam, the company's extraordinary general assembly had approved in June last year the use of part of the share premium of 224.97 million riyals to eliminate accumulated losses of 77.8 million riyals as of March 31, 2026.

To view the auditor's report showing the company's financial position after the reduction of its accumulated losses

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