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Arqaam Capital Downgrades Medgulf to Sell, Cuts PT

MT Newswires·10/19/2026 08:35:52
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08:35 AM EDT, 10/19/2026 (MT Newswires) -- Arqaam Capital on Monday downgraded The Mediterranean and Gulf Cooperative Insurance and Reinsurance Co. (SASE:8030), d/b/a Medgulf, to sell from hold and lowered its price target to 12.60 Saudi riyals from 15.40 riyals. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)