Saudi Insurer Medgulf Offsets Accumulated Losses

02:47 AM EDT, 07/12/2026 (MT Newswires) -- The Mediterranean and Gulf Cooperative Insurance and Reinsurance Co. (SASE:8030), d/b/a Medgulf, used a portion of the share premium to settle its accumulated losses of 77.8 million Saudi riyals. Medgulf's accumulated losses, therefore, account for 0% of the insurer's share capital, according to a Sunday release.