Saudi Arabia:MedGulf's net financial results improve in 2023, more work needed to raise solvency ratio

By MEIR team | 03 Apr 2024

Saudi Arabia Life & Health Property & Casualty Financial Performance

Mediterranean and Gulf Insurance and Reinsurance Co (MedGulf) net results have swung into the black in 2023 with net profits attributable to shareholders of SAR201.5m ($53.7m), compared to a net loss of SAR396.9m in 2022.

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