MEDGULF
14.21 SAR
-1.18%
Today
-2.20%
1D
Market is closed
Sun
10:00 AM ~ 3:00 PM
Mon
10:00 AM ~ 3:00 PM
Tue
10:00 AM ~ 3:00 PM
Wed
10:00 AM ~ 3:00 PM
Thu
10:00 AM ~ 3:00 PM
Fri
Closed
Sat
Closed
Information
Name
Mediterranean & Gulf Insurance
Currency
SAR
Standard Leverage
1X
Market Cap
1.96B
Avg Daily Volume
982.17K
52 Week High
23.48 SAR
52 Week Low
11.04 SAR
Trading Hours
See hours
Business Summary
The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company provides medical, motor, and other general insurance in the Kingdom of Saudi Arabia. The company offers third party and comprehensive motor, medical malpractice, and domestic worker contract insurance; roadside assistant; and visit visa extension services. It also provides health insurance; property all risks, sabotage and terrorism, fire and allied perils, and political violence insurance; aviation hull and liability, unmanaged aerial systems, airport operations / contractors liability insurance; and marine cargo insurance one single shipment, marine cargo open cover, marine hull, land transit insurance one shipment, and land transit open cover. In addition, the company offers insurance for boiler and pressure; erection all risk insurance; plant and equipment insurance; contractors all risk insurance; electronic equipment insurance; inherent structural defects insurance; deterioration of stock following machinery breakdown insurance; and machinery breakdown insurance products. The company was founded in 2006 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
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Frequently Asked Questions
What are financial stocks?
Financial stocks include companies like banks, insurance firms, investment services, and fintechs. They play a critical role in the economy by facilitating credit, investment, and wealth management.
How do interest rates affect financial stocks?
Financials often benefit from rising interest rates, which can increase net interest margins for banks and improve profitability.
Why are financials important in a trading portfolio?
Financial stocks can offer strong dividends, sector stability, and exposure to macroeconomic trends like interest rate policy and GDP growth.
What risks are associated with financial sector investing?
Regulatory changes, credit risk, economic downturns, and interest rate volatility can all impact financial companies' earnings and stock prices.
