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Medgulf Assembly approves loss write-off
The extraordinary general assembly of Medgulf Insurance Company approved the full extinguishment of its accumulated losses using a portion of the issued premium reserve, amounting to 77.82 million SAR out of a total of 224.97 million SAR, to strengthen the company's financial position. The financial statements for the fiscal year 2025 were also approved, along with the appointment of auditors for the year 2026. Additionally, certain contracts and dealings with related parties were ratified.
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