02:47 AM EDT, 07/12/2026 (MT Newswires) -- The Mediterranean and Gulf Cooperative Insurance and Reinsurance Co. (SASE:8030), d/b/a Medgulf, used a portion of the share premium to settle its accumulated losses of 77.8 million Saudi riyals. Medgulf's accumulated losses, therefore, account for 0% of the insurer's share capital, according to a Sunday release.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.