MedGulf, the Saudi joint-stock cooperative insurance and reinsurance company, is taking part in Big 5 Construct Saudi 2026 as the golden sponsor, with the event opening its doors today at the Riyadh Front Exhibitions and Conference Center under the patronage of the Ministry of Industry and Mineral Resources and running until September 2, bringing together leading firms from the building and construction sector.
During its presence at the expo, MedGulf is showcasing a suite of tailored insurance solutions aimed at supporting the projects industry amid the growing scale and diversity of construction work, providing protection for assets, equipment, and all executed operations, which covers operational risks, physical damage, and liabilities toward third parties, while also offering boiler and pressure vessel insurance that safeguards against machinery and equipment breakdown at every project stage, in addition to coverage against financial losses and legal responsibility arising from damages or accidents, including leaks, explosions, or any sudden and unforeseen incidents.
The company's portfolio further extends to comprehensive asset protection against potential risks, encompassing equipment and electronic systems, as well as stock deterioration coverage resulting from refrigeration machinery stoppage, where the policy bears the costs of repairing or replacing damaged machines, and once construction is completed, MedGulf provides inherent defects insurance designed to shield the owner from certain structural flaws that may surface after project handover, such as issues linked to foundations or structural elements, subject to the policy's terms and scope.
Alongside its construction-focused offerings, MedGulf is presenting business-oriented solutions including corporate health insurance with a network of over 1,600 healthcare providers across the Gulf, complemented by digital services such as an AI-powered application and an interactive portal for managing policies and health services, while its employee life insurance plans are flexible to suit enterprises of all sizes, covering death from illness or accidents, total or partial permanent disability, temporary total disability from accidents, critical illnesses, embalming and repatriation of remains, and war risks, as per policy conditions.
Nasser Al-Suheim, Chief Sales Officer, stated: "MedGulf's presence at Big 5 Construct Saudi 2026 extends our commitment to supporting the business and projects sector in the Kingdom by delivering integrated, flexible insurance solutions that match the nature of risks and needs of various enterprises. With a customer base exceeding 1.5 million, we continue to develop our services and enhance our capabilities in line with the growth of the Saudi market and to sustain business continuity." Financially, the company posted a net profit after zakat of SAR 80.4 million for the first half of 2026, with SAR 44.1 million in Q2, up 21%, while gross written premiums reached SAR 1.3 billion in Q2, a 202.6% increase.