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MedGulf (Mediterranean and Gulf Cooperative Insurance)

MedGulf

50Score

★★★☆☆3.5

Customer satisfaction · 1.5M members

AM Best: B++ (Good)(2025)

MedGulf is the third-largest health insurer in Saudi Arabia by premium, with three decades of market experience. Listed on the Saudi Exchange (Tadawul: 8030) with SAR 1.05B paid-up capital, it is popular with mid-sized employers seeking cost-efficient coverage.

Overall Score

50/100

Founded

1995

Headquarters

Riyadh

Type

private

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Key Metrics

Financial Rating

B++ (AM Best, downgraded from A-)

Tadawul Code

8030

Paid Up Capital

SAR 1.05B

Target Market

Mid-sized employers

Editorial Ratings

AM Best: B++ (Good)(2025)

Rating: 3rd largest by premium; B++ (AM Best) (max: A++ (AM Best))

50Atlas

Coverage Highlights

✓Third-largest health insurer by premium in KSA
✓Three decades of market experience
✓Popular with mid-sized employers
✓Listed on Saudi Exchange (Tadawul: 8030)
✓Cost-efficient coverage balancing price and benefits

Pros

✓Three decades of market experience
✓Best value for mid-sized employers
✓Balanced cost-efficiency with decent coverage
✓Listed company with regulatory oversight

Cons

✗Financial rating downgraded (from A- to B++)
✗Smaller network than Bupa Arabia
✗Less brand recognition among retail consumers

Frequently Asked Questions

What is MedGulf's financial strength rating?

MedGulf holds a B++ (Good) rating from AM Best, which was downgraded from the previous A- rating. It remains a regulated, publicly listed company on the Saudi Exchange.

Who is MedGulf best suited for?

MedGulf is particularly popular with mid-sized employers in Saudi Arabia seeking cost-efficient health insurance coverage that balances price and benefits.

Is MedGulf listed on the stock exchange?

Yes. MedGulf is listed on the Saudi Exchange (Tadawul) under code 8030 with SAR 1.05 billion in paid-up capital.

Quick Summary

InsurerMedGulf (Mediterranean and Gulf Cooperative Insurance)

Country🇸🇦 Saudi Arabia

Overall Score50/100

Satisfaction3.5/5

Members1.5M

Typeprivate

Founded1995

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