Stock 8030 THE MEDITERRANEAN AND GULF COOPERATIVE INSURANCE AND REINSURANCE COMPANY
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Company The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company

Equities

8030

SA000A0MJ2H8

Life & Health Insurance

End-of-day quote Saudi Arabian S.E.
Other stock markets
 06:00:00 2024-04-16 pm EDT 		5-day change 1st Jan Change
28 SAR +8.53% Intraday chart for The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company +6.46% +94.44%
Mar. 27 The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company Reports Earnings Results for the Full Year Ended December 31, 2023 CI
Mar. 20 Medgulf Swings to Profit in FY23; Insurance Revenue Up MT

Business Summary

Mediterranean and Gulf Cooperative Insurance and Reinsurance Company SJSC (MEDGULF) is a Saudi Arabia-based Insurance company, which provides health, motor, property and other insurance and reinsurance services. The Company operates three operating segments as follows: Medical insurance segment, which covers medical costs, medicines, and all other medical services and supplies; Motor Insurance, which provides coverage against losses and liability related to motor vehicles, and other classes segment, which covers any other classes of insurance not included above. The Company’s products include Medical Insurance, Motor Insurance, Travel and Aviation Insurance, Property and Personal Accidents Insurance, Engineering and Professional Insurance, Money and Fidelity Insurance, and Marine Insurance.

Number of employees: 600

Sales per Business

SAR in Million2022Weight2023Weight Delta
Medical
70.1 %
1,647 77.3 % 2,334 70.1 % +41.70%
Motor
17.4 %
434 20.4 % 580 17.4 % +33.52%
Property and Casualty
12.5 %
48 2.3 % 418 12.5 % +763.27%

Sales per region

SAR in Million2022Weight2023Weight Delta
Saudi Arabia
100.0 %
2,130 100.0 % 3,332 100.0 % +56.43%

Managers

Managers TitleAgeSince
Umar Al-Mahmoud CEO
 Chief Executive Officer - -
Usama Al-Hamoud CTO
 Chief Tech/Sci/R&D Officer - -
Suhail Al-Hayan CIO
 Chief Investment Officer - -
Muhammad Bin Salma SAM
 Sales & Marketing - -
Omar Al-Ammary PRN
 Corporate Officer/Principal - -
Nasser Al-Suhaim PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Andrew Rear BRD
 Director/Board Member - -
Abdulrahman bin Mohammed Al Rawaf BRD
 Director/Board Member - -
Yousef Al-Yousefi BRD
 Director/Board Member - 18-04-09
Rakan Abunayyan CHM
 Chairman 44 18-11-17
Ahmed Abdullah bin Ahmed BRD
 Director/Board Member 44 19-04-07
Monirah Saleh Al Swaydani BRD
 Director/Board Member - -
Abdulmajed Abdulaziz Al Meshaal BRD
 Director/Board Member - -

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 105,000,000 55,154,400 ( 52.53 %) 0 52.53 %

Shareholders

NameEquities%Valuation
THE SAUDI INVESTMENT BANK
19.00 %
19,950,000 19.00 % 128 M ﷼
Rakan Abunayyan
12.05 %
12,652,500 12.05 % 81 M ﷼
Mediterranean & Gulf Insurance & Reinsurance Co. B.S.C.
11.42 %
11,987,850 11.42 % 77 M ﷼
Dimensional Fund Advisors Ltd.
0.0203 %
21,297 0.0203 % 136 283 ﷼
DFA Australia Ltd.
0.002819 %
2,960 0.002819 % 18 941 ﷼

Company contact information

Mediterranean & Gulf Insurance & Reinsurance Co.

7731 King Saud Road Al Murabba

12624, Riyadh

+

http://www.medgulf.com.sa/home/
address The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company(8030)

Sector

Financials
Insurance
Insurance
Life & Health Insurance
Health Insurance

Sales per Business

Sector Health Insurance

1st Jan change Capi.
THE MEDITERRANEAN AND GULF COOPERATIVE INSURANCE AND REINSURANCE COMPANY Stock The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company
+94.44% 784M
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Health Insurance
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