1. Saudi Arabia Stocks

  2. •

    Finance

  3. •

    Multi-line insurance
Mediterranean & Gulf Cooperative Insurance & Reinsurance Co.

Mediterranean & Gulf Cooperative Insurance & Reinsurance Co.

TTADAWUL:8030
13.01
SAR
-0.43
(-3.20%)
0.80EPS
20.52P/E
2.25BMarket Cap
Nov 09Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
51.86
60.87
67.95
58.38
39.17
33.26
25.44
18.59
16.56
21.12
27.57
31.97
29.67
33.58
Basic EPS, GAAP
-3.61
3.63
-4.9
1.27
-6.21
-3.73
0.04
0.41
-1.34
-3.78
1.92
0.97
0.3
0.8
Free Cash Flow per Basic Share
8.51
-0.98
-4.42
-3.57
-1.88
-5.08
-2.36
-0.43
-1.73
1.57
0.51
-0.56
-0.2
0.39
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
18.72
22.1
17.15
17.26
9.59
8.17
8.46
9.1
10.58
6.73
8.74
9.8
11.53
11.99
Tangible Book Value per Share
9.71
13.1
8.14
7.81
0.52
2.39
2.65
3.26
5.89
1.94
3.99
5.12
6.09
6.57
Basic Weighted Avg Shares
53
53
53
53
62
56
83
91
105
105
105
105
138
130
Sales/Revenue/Turnover
2,764
3,244
3,621
3,111
2,447
1,864
2,124
1,686
1,739
2,217
2,895
3,357
4,100
4,361
Operating Margin (%)
- -
- -
- -
2.33
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
10
10
9
9
10
9
8
10
10
21
25
24
27
24
Net Income, GAAP
-192
193
-261
68
-388
-209
3
37
-141
-397
201
102
41
103
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
83.71
32.77
- -
- -
- -
4.71
4.66
0.69
Profit Margin (%)
-6.96
5.97
-7.22
2.17
-15.86
-11.22
0.15
2.19
-8.08
-17.9
6.96
3.04
1
2.37
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
269
- -
- -
- -
- -
- -
15
7
1
- -
1
1
18
17
Total Equity
998
1,178
914
920
511
682
706
760
1,111
707
917
1,029
1,593
1,656
Return on Invested Capital (%)
- -
- -
- -
7.92
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
15.83
- -
7.37
- -
- -
0.44
4.89
- -
- -
- -
10.41
3.11
7.53
Return on Common Equity (%)
-17.62
17.79
-24.98
7.37
-54.25
-35.07
0.45
5.04
-15.03
-43.67
24.81
10.48
3.13
7.64

Capital Structure

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2
2
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
18
13
17
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
138
138
138
Market Capitalization
1,598
1,915
2,255

Working Capital

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
644
607
867
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
2
2
- -
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.74%
21.32%
54.85%
Free Cash Flow
-17.78%
-30.37%
-53.17%
Net Income, GAAP
-42.43%
-111.69%
-59.74%
Sales/Revenue/Turnover
3.34%
19.86%
22.12%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
779
806
927
841
3,357
2025
955
965
984
1,196
4,100
2026
1,058
1,124
- -
- -
- -

Quarterly Earnings Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
0.32
0.37
0.03
0.97
2025
0.19
-0.01
0.17
0.04
0.3
2026
0.26
0.32
- -
- -
- -

Quarterly Dividends Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Umar Al-Mahmoud
Full Time Employees
3,215
Sector
Finance
Industry
Multi-line insurance
Address
Futuro Tower Riyadh Riyadh Province Saudi Arabia 11451
IPO Date
Feb 17, 2007
Website
medgulf.com.sa
Similar Companies
Aditya Birla Capital Ltd. (NSE:ABCAPITAL)
Lemonade, Inc. (NYSE:LMND)
Allianz SE (XETR:ALV)
Progressive Corporation (The) (NYSE:PGR)
Turkiye Sigorta A.S. (BIST:TURSG)
Allstate Corporation (The) (NYSE:ALL)
Business
The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) provides medical, motor, and other general insurance products and reinsurance services in the Kingdom of Saudi Arabia. The company offers group and individual health insurance covering medical consultations, medications, laboratory tests, hospital admissions, and surgeries; motor insurance including third-party liability and comprehensive coverage for bodily injuries and financial compensation; property all risks insurance; personal accident insurance; travel insurance; aviation insurance; marine insurance for cargo and hulls; engineering and professional project insurance encompassing employer liability and professional liability; money insurance against theft and damage; fidelity guarantee policies; and specialized policies for banks and financial institutions. Founded in 1995 and headquartered in Riyadh, MedGulf operates primarily in Saudi Arabia with a focus on general insurance, health insurance, and protection and savings segments for individuals, small and medium enterprises, and corporate clients. In July 2025, MedGulf signed a binding merger agreement with Buruj Cooperative Insurance Company, under which Buruj will be fully absorbed into MedGulf with the issuance of 33.2 million new shares, increasing MedGulf's capital by 31.58% to SAR 1.381 billion; the transaction received regulatory approval from the General Authority for Competition in January 2025 and awaits shareholder approval. This merger enhances MedGulf's underwriting capacity, operational synergies, and market reach in key sectors including healthcare, transport, real estate, and SMEs, aligning with Saudi Vision 2030 goals for insurance sector consolidation. MedGulf listed on the Saudi Exchange in 2007 and continues to expand its product offerings amid ongoing industry reforms.