MEDGULF

The Mediterranean and Gulf Insurance and Reinsurance Group (MEDGULF) is a leading regional insurance group providing the retail and institutional markets with comprehensive insurance coverage for the past 30 years, through its operations in Lebanon, Bahrain, KSA, Jordan, Qatar, Egypt, U.K and most recently the UAE. MEDGULF has set the standard within the health insurance industry for its robust financial strength.

Core Information

• Legacy: Founded in 1980 in Beirut; shifted headquarters to Bahrain in 1995 to facilitate regional expansion.
• Main Market: Saudi Arabia (KSA), where it is a publicly traded joint-stock company (TADAWUL: 8030).
• Footprint: Operates across Saudi Arabia, the UAE, Bahrain, Lebanon, Jordan, Egypt, and the UK.
• Recent Milestone: In October 2025, MEDGULF KSA successfully concluded a major merger with Buruj Cooperative Insurance, significantly boosting its capital and market share in the Kingdom.

Key Features & Financials

• Financial Strength: Rated BBB (Stable) and A+(sau) by Fitch Ratings (as of early 2026), reflecting a strong position in the Saudi market despite regional volatility.
• Digital Transformation: They recently overhauled their mobile app and web portals to allow for “instant” policy issuance and real-time claim tracking.