Tadawul halts trading of MedGulf shares

01/04/2018 Argaam

 

The Saudi Stock Exchange Company (Tadawul) has suspended The Mediterranean and Gulf Insurance and Reinsurance Co.'s (MedGulf) shares from trading starting today until it posts its financial statements for the period ending Dec. 31, 2017.

 

In February, the insurer had recommended a SAR 400 million capital increase through a rights issue, to help improve solvency and bolster business.

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