Saudi Arabia:Proposed MedGulf-Buruj merger moves closer to realisation

By MEIR team | 25 Sep 2025

The Capital Market Authority has approved the proposed capital increase of Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) by 31.58% to SAR1.38bn ($368m) from SAR1.05bn, the insurers disclosed in separate statements lodged with the Saudi Exchange.

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