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The Mediterranean and Gulf Insurance and Reinsurance Co. 2024 Annual Results

Revenue

SAR 3.55B

Net Profit

SAR 102M

EPS

SAR 0.97

Operating Cash Flow

SAR -54M

The Mediterranean and Gulf Insurance and Reinsurance Co. (8030) reported full year 2024 revenue of SAR 3.55B, up 6.6% from SAR 3.33B in 2023. Net profit came in at SAR 102M, down 49.4% year on year. Earnings per share were SAR 0.97. The company generated SAR -54M in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 3.55B	SAR 3.33B
Net Profit	SAR 102M	SAR 201M
Net Margin	2.9%	6.0%
ROE	9.9%	22.0%
EPS	SAR 0.97	SAR 1.92
Total Assets	SAR 2.88B	SAR 3.12B
Total Equity	SAR 1.03B	SAR 917M
Total Liabilities	SAR 1.85B	SAR 2.20B
Operating Cash Flow	SAR -54M	SAR 68M

Year on Year Comparison

Revenue increased by 6.6% compared to 2023. Net profit decreased by 49.4%. Revenue grew but profit declined — suggesting margin pressure.

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Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2025-04-27.