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Medgulf Logs Higher H1 Net Profit, Insurance Revenue

MT Newswires·08/04/2026 01:25:38
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01:25 AM EDT, 08/04/2026 (MT Newswires) -- The Mediterranean and Gulf Cooperative Insurance and Reinsurance Co. (SASE:8030), d/b/a Medgulf, said Tuesday its net profit and insurance revenue for the first half grew year over year. Net profit after zakat attributable to shareholders for the six months ended June 30 was 80.4 million Saudi riyals, compared with 18.2 million riyals a year ago. EPS moved to 0.58 riyal from 0.17 riyal. The Saudi Arabia-based insurer's insurance revenue was 2.57 billion riyals, compared with 2.03 billion riyals earlier.