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Medgulf Assembly Reviews Loss Coverage Science
The article revolves around the invitation by the Board of Directors of Middle East and Gulf Insurance and Reinsurance Company (MEDGULF Insurance) to hold its extraordinary general assembly meeting on June 29, 2026, in Riyadh. The purpose is to discuss the offsetting of accumulated losses using part of the issuance bonus amounting to 224.97 million Riyals, which will cover reported losses of 77.82 million Riyals according to preliminary financial statements. The agenda also includes approval of the 2025 financial statements, a vote on appointing external auditors, and a discussion of transactions with related parties during 2025.
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