Riyadh – Mubasher: Mediterranean & Gulf Insurance and Reinsurance Company (MedGulf) on Thursday received a letter to address some mistakes in its operations that may impact its financial results for the second quarter of 2017, the Saudi Arabian Monetary Authority (SAMA) said.
The letter was a final warning to address these mistakes in accordance with relevant regulations, the SAMA added.
Earlier on Thursday, the Saudi Capital Market Authority (CMA) said that trading activities on MedGulf’s stock has been suspended, effective from Thursday, upon the insurance firm’s request as it will shed light on an important announcement.
Trading activities on MedGulf's stock will be resumed on Monday, 7 August, the CMA added.
