MedGulf gets remaining debt from Bahraini affiliate

01/10/2017 Argaam

 

Mediterranean Gulf Insurance and Reinsurance Co. (MedGulf) received on Sunday the remaining SAR 800,000 debt from the majority shareholders of its affiliate, MedGulf Bahrain, the insurer said in a statement to Tadawul on Sunday.

 

MedGulf received on Wednesday a bank guarantee worth SAR 122 million from its Bahrain unit, Argaam reported earlier.

 

Bahraini unit’s debt was reduced to SAR 122.8 million from SAR 163.38 million through settling an existing debt of SAR 40.59 million, MedGulf said last week.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read