Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF)

The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) is one of the cooperative insurance companies in the Kingdom of Saudi Arabia. It offers insurance and reinsurance products for groups and individuals. MEDGULF is listed on the Saudi Exchange under the trading name 'MEDGULF' and symbol '8030', and has a paid-up capital of SAR1.05 billion.

MEDGULF began its operations in 1995 under an agency agreement. It was then established as an independent entity by Royal Decree on October 11, 2006, and listed on the Saudi Exchange on April 16, 2007. The company provides insurance services in the categories of general insurance, health insurance, and protection and savings insurance.

MEDGULF offers group health insurance plans that cover medical consultations, medications, lab tests, hospital admissions, and surgeries. The company has designed the 'Nabd' program for small and medium enterprises, which includes medication refill services to address monthly medical needs, guides members to the nearest pharmacy, or delivers the medication directly to them.

MEDGULF also provides third-party motor insurance, covering bodily injuries and financial compensation, as well as comprehensive motor insurance, which offers compensation to both the insured and third parties.

MEDGULF's insurance products include travel insurance, aviation insurance, property all risks insurance, personal accident insurance, and professional and engineering project insurance, which encompass employer liability insurance and professional liability insurance. Additionally, MEDGULF offers money insurance against theft and damage, fidelity guarantee policies, specialized policies for banks and financial institutions, and marine insurance for cargo and hulls.