Gulf Insurance Group (8250)

Riyadh – Mubasher: The board of Gulf Insurance Group (GIG) recommended, in its 4 April 2024 meeting, the distribution of SAR 1.50 per share as a cash dividend for 2023. Upon the shareholders’ approval, the company would pay out a total of SAR …

Riyadh – Mubasher: Gulf Insurance Group (GIG) reported a decline of 21.55% in its net profit before Zakat to SAR 129.36 million during the first nine months (9M) of 2023, compared with SAR 164.91 million in 9M-22. The company’s earnings per share …

Riyadh – Mubasher: Gulf Insurance Group (GIG) posted net profits before Zakat worth SAR 68.93 million in the first quarter (Q1) of 2023, an annual plunge of 61.21% from SAR 177.72 million. The gross written premiums (GWP) amounted to SAR 544.38 …

Riyadh – Mubasher: AXA Cooperative Insurance Company has obtained its new commercial registration and changed its name to Gulf Insurance Group – GIG. The new entity name followed the completion of all required documents as well as the …

Riyadh – Mubasher: AXA Cooperative Insurance Company has distributed a cash dividend of SAR 50 million, representing 10% of the capital, for 2021 on 2 June. The Saudi listed firm paid a dividend of SAR 1 per share for 50 million eligible shares, …

Riyadh – Mubasher: The shareholders of AXA Cooperative Insurance Company have granted their green light for a cash dividend distribution of SAR 1 per share for 2021. The insurer will pay out a total amount of SAR 50 million, representing 10% of …

Riyadh – Mubasher: AXA Cooperative Insurance Company has registered net profits before Zakat worth SAR 25.39 million during the first quarter (Q1) of 2022, an annual drop of 41.98% from SAR 43.77 million. Earnings per share (EPS) stood at SAR 0.41 …

Riyadh - Mubasher: The board of AXA Cooperative Insurance Company has recommended a cash dividend of SAR 1 per share for 2021. The company would pay a total of SAR 50 million, representing 10% of the capital, for 50 million eligible shares, …

Riyadh – Mubasher: AXA Cooperative Insurance Company reported net profits before Zakat of SAR 166.72 million in 2021, down 0.06% from SAR 166.83 million in 2020. The earnings per share (EPS) stood at SAR 2.77 in 2021, unchanged from 2020’s value, …

Riyadh – Mubasher: AXA Cooperative Insurance Company has appointed Khalid Abdulaziz Alshuwaier as the company’s CEO. This decision was taken after the company had received the Saudi Central Bank's (SAMA) no-objection to the appointment, according …

Riyadh – Mubasher: AXA Cooperative Insurance Company has appointed Yousef Saleh Abalkhail as the new Chairman of the board for the coming three years, according to a bourse disclosure on Tuesday. The company also named Bijan Khosrow as the Vice …

Riyadh – Mubasher: The interim financials of AXA Cooperative Insurance Company showed a 1.41% year-on-year (YoY) decrease in net profits before zakat to SAR 124.179 million in the first nine months of 2021 from SAR 125.955 million. Lower net …

Mubasher: Gulf Insurance Group (GIG) has completed the acquisition of AXA’s operations in the Gulf region in exchange for $474.75 million after obtaining the necessary regulatory approvals. The transaction included AXA Gulf and AXA Cooperative …

Riyadh – Mubasher: AXA Cooperative Insurance Company recorded net profits before Zakat worth SAR 78.73 million in the first half (H1) of 2021, higher by 12% than SAR 70.3 million. Net written premiums decreased by 1.2% to SAR 730.88 million in …

Riyadh – Mubasher: AXA Cooperative Insurance Company reported net profits before Zakat of SAR 166.836 million in 2020, up 53.8% from SAR 108.474 million in 2019. Higher net profits are driven by an improvement in the overall loss ratio to 70% …

Riyadh – Mubasher: Legal Advisors, Abdulaziz Alajlan & Partners alongside Baker McKenzie have advised Gulf Insurance Group (gig) on the acquisition of AXA’s insurance operations in the Gulf region for a value of $474.75 million. Under the terms of …

Mubasher: Gulf Insurance Group (GIG) will acquire French insurer AXA Group's operations in the Gulf region and the share of Yusuf Bin Ahmed Kanoo (YBA Kanoo) in AXA Gulf for $474.75 million. Under the agreement, Kuwait's Gulf Insurance will …

Mubasher: AXA, one of the largest global insurers, has inked an agreement with Gulf Insurance Group (gig) to sell its insurance businesses in the Gulf region, including AXA Gulf, AXA Cooperative Insurance Company, and AXA Green Crescent Insurance …

Riyadh – Mubasher: AXA Cooperative Insurance Company’s net earnings before Zakat registered SAR 55.7 million in the third quarter (Q3) of 2020, 146.8% more than SAR 22.5 million in the corresponding quarter in 2019. The growth in quarterly profits …

Riyadh – Mubasher: The net earnings of AXA Cooperative Insurance Company came in at SAR 34.99 million during the second quarter (Q2) ended 30 June 2020, up by 14.8% on a year-on-year (YoY) basis. The increase in Q2-20 profit is supported by higher …

Riyadh – Mubasher: The net profits before zakat of AXA Cooperative Insurance Company rose by around 31.6% to SAR 35.31 million during the first quarter (Q1) of 2020, when compared to SAR 26.83 million in the year-ago period. The rise in net …

Riyadh – Mubasher: AXA Cooperative Insurance Company has received a letter of objection from the Saudi Capital Market Authority (CMA) regarding the company’s plan to distribute cash dividends to shareholders for fiscal year (FY) 2019. The …

Riyadh – Mubasher: AXA Cooperative Insurance Company achieved a net profit before zakat worth SAR 108.47 million in the fiscal year ended on 31 December 2019, up by 41.93% year-on-year (YoY) from SAR 76.42 million. Earnings per share (EPS) …

Riyadh – Mubasher: The board of AXA Cooperative Insurance Company has recommended 7% cash dividends for fiscal year 2019. The dividend distribution stands at SAR 0.7 per share, amounting to SAR 35 million distributed on 50 million …

Riyadh – Mubasher: The extraordinary general assembly meeting (EGM) of AXA Cooperative Insurance Company has approved the board of directors’ recommendation to raise capital by 11.11% or SAR 50 million through the issuance of bonus shares. This …