The company’s accumulated loss reached 34.19% of its capital
-0.38% 15.56 -0.06
Riyadh – Mubasher:The Mediterranean and Gulf Insurance and Reinsurance Co. (MedGulf) has reported a decline in its accumulated loss during the fiscal year 2018.
The company’s accumulated loss reached 34.19% of its SAR 800 million capital at the end of 31 December 2018, according to a bourse statement released on Tuesday.
In March, MedGulf posted a 47.3% year-on-year decline in losses during the full-year 2018, recording SAR 204.53 million.
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