MEDGULF trims accumulated loss to 18.79% of capital

08/08/2024 Argaam

MEDGULF trims accumulated loss to 18.79% of capital

Logo of The Mediterranean and Gulf Insurance and Reinsurance Co. (MedGulf) 

The Mediterranean and Gulf Insurance and Reinsurance Co. (MedGulf) cut accumulated losses to SAR 197.26 million in H1 2024, or 18.79% of capital, according to a statement to Tadawul.
 
 
This was primarily attributed to improved operating  performance over the past quarters in addition to sustainable investment returns.
 

The company indicated it continues to implement its strategy towards improving operational efficiency and controlling costs through enhancing governance and systems. This comes within efforts to ensure sustainability in the long term, enhance competitiveness and increase value.

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