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MedGulf Q3: SAR 24m
The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (“MEDGULF”) posted a net profit of SAR 24.08 million in the third quarter of 2026, up 34.5% year on year but down 45.5% from the previous quarter. Annual growth was supported by a 54% increase in the result of insurance services before reinsurance, to SAR 103.48 million, and growth in other income, despite a 95.9% decline in net investment income to SAR 635,000. Insurance revenue rose 46.3% to SAR 1.5 billion, while net profit for the first nine months reached SAR 104.49 million, up 189.7% year on year.
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