PROJECT

Projects

Summary of Proposed Investment

Project Number

30284

Company Name

The Mediterranean and Gulf Insurance and Reinsurance company B.S.C (closed)

Date SPI Disclosed

Mar 24, 2011

Country

Middle East, Pakistan, and Afg Region

Industry

Financial Markets

Projected Board Date

May 19, 2011

Status

Active

Sector

Composite Insurance (Life and Non-life)

Department

Regional Industry FIG MCT

Environmental Category

FI

Previous Events

Approved : Aug 4, 2011
Signed : Feb 15, 2012
Invested : Jun 21, 2012

Project Description

MedGulf is one of the leading insurance providers and one of the largest privately owned insurance companies in the MENA region. MedGulf’s main strategy is focused on further expanding its presence into the less served countries in MENA and Turkey where demand for insurance products is largely unmet. It offers non-life and life insurance services and third party administration of medical insurance claims.

Sponsor / Cost / Location

Development Impact