MedGulf’s accumulated losses at SAR 78 mln

09/11/2017 Argaam

 

The Mediterranean & Gulf Insurance & Reinsurance Co. (MedGulf) has recorded SAR 78 million in accumulated losses, accounting for 19.5 percent of capital, the company said in a statement to Saudi bourse, Tadawul.

 

The Saudi insurer cut its losses from 20 percent of capital, after it cut capital and wrote back credit provisions.

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