Acquiring Company
Mediterranean and Gulf Insurance and Reinsurance Company
Acquired Company
Buruj Cooperative Insurance Company
Saudi ArabiaSaudi ArabiaFinancial ServicesInsuranceEmployee BenefitsInsurtechInsuranceDescription
Medgulf and Buruj Cooperative Insurance Company have entered into a binding merger agreement. Under this agreement, Buruj will be merged into Medgulf, transferring all rights and obligations. Medgulf will issue new shares to Buruj's shareholders as part of the deal. This merger will lead to the delisting of Buruj's shares.
Quick answer
Mediterranean and Gulf Insurance and Reinsurance Company is acquiring Buruj Cooperative Insurance Company, announced July 29, 2025. Mediterranean and Gulf Insurance and Reinsurance Company is based in Saudi Arabia.
- How much did Mediterranean and Gulf Insurance and Reinsurance Company pay for Buruj Cooperative Insurance Company?
- The deal value was not disclosed.
- What does Mediterranean and Gulf Insurance and Reinsurance Company do?
- Medgulf is a leading insurance and reinsurance provider in the Middle East.
- Where are Mediterranean and Gulf Insurance and Reinsurance Company and Buruj Cooperative Insurance Company based?
- Mediterranean and Gulf Insurance and Reinsurance Company is based in Saudi Arabia. Buruj Cooperative Insurance Company is based in Saudi Arabia.
Source: Fundz verified event record.
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Who to call at Mediterranean and Gulf Insurance and Reinsurance Company, and when
When Mediterranean and Gulf Insurance and Reinsurance Company changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Mediterranean and Gulf Insurance and Reinsurance Company raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
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Frequently asked
Who acquired Buruj Cooperative Insurance Company?
Buruj Cooperative Insurance Company was acquired by Mediterranean and Gulf Insurance and Reinsurance Company, based in Saudi Arabia. The deal was reported on July 29, 2025. Medgulf is a leading insurance and reinsurance provider in the Middle East. The company offers a wide range of insurance solutions to both individuals and businesses. Mediterranean and Gulf Insurance and Reinsurance Company is privately held and operates in Financial Services.
When did Mediterranean and Gulf Insurance and Reinsurance Company acquire Buruj Cooperative Insurance Company?
Mediterranean and Gulf Insurance and Reinsurance Company's acquisition of Buruj Cooperative Insurance Company was reported on July 29, 2025. Medgulf and Buruj Cooperative Insurance Company have entered into a binding merger agreement. Under this agreement, Buruj will be merged into Medgulf, transferring all rights and obligations. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Buruj Cooperative Insurance Company do?
Buruj is a cooperative insurance provider in Saudi Arabia, dedicated to offering quality insurance coverage. The company provides various insurance products including health, vehicle, and property insurance. It is privately held, operating in Employee Benefits, and is based in Saudi Arabia.
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