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MEDGULF: capital increase

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Magazine Issue: 
The insurance market consolidation in view of the post-Covid-19 [3]
Magazine date: 
Jul 2021

MedgulfMediterranean and Gulf Insurance and Reinsurance (Medgulf) has submitted a request for capital increase to the Capital Market Authority (CMA).

The Saudi insurer aims to level up its capital to 420 million SAR (111.844 million USD) which shall rise from 700 million SAR (186.406 million USD) to 1.12 billion SAR (298.25 million SAR).

Read also | Top 10 insurance companies in Saudi Arabia [4]

Thu, 01/07/2021 - 10:22

Source URL: https://www.atlas-mag.net/en/article/medgulf-capital-increase

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[3] https://www.atlas-mag.net/en/issue/the-insurance-market-after-the-covid-19
[4] https://www.atlas-mag.net/en/article/insurance-companies-in-saudi-arabia-ranking-2018