MEDGULF gets CMA nod for renewal of insurance activities

08/12/2024 Argaam
Logo ofMediterranean Gulf Insurance Reinsurance Co. (MEDGULF)

Logo of Mediterranean & Gulf Insurance & Reinsurance Co. (MEDGULF)

The Mediterranean and Gulf Cooperative Insurance Co. (MEDGULF) received approval from the Capital Market Authority (CMA), on Dec. 5, to renew its license for conducting insurance and reinsurance activities in Saudi Arabia. 

 

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In a statement to Tadawul, the company clarified that the renewed license covers reinsurance, as well as general, health, and protection and savings insurance. 

 

The renewal is valid for three years, expiring on Jan. 23, 2028, the statement said.

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