Gulf Insurance Group (8250)

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News

3 August 01:12 PM GIG’s net profits hike to SAR 82.5m in H1-26

Riyadh - Mubasher: The net profits after Zakat and tax of Gulf Insurance Group (GIG) jumped by 34.68% to SAR 82.47 million in the first half (H1) of 2026 from SAR 61.23 million in H1-25. The company attributed the growth to a 23.97% rise in …

Banking and Finance

28 June 09:05 AM Saudi Insurance Authority nods for GIG’s new tourism product

Riyadh - Mubasher: Gulf Insurance Group (GIG), a major participant in the Saudi Arabian insurance sector, has officially received final regulatory clearance from the Insurance Authority to launch its latest specialized offering. The approval …

Company News

8 June 11:20 AM GIG secures regulatory approval for new insurance product

Riyadh - Mubasher: Gulf Insurance Group (GIG) has received final approval from the Saudi Insurance Authority to market its freight service liability insurance product to group customers in the Kingdom. The approval was granted on 4 June 2026 and …

Company News

12 April 10:27 AM GIG’s board eyes SAR 63m dividends for 2025

Riyadh - Mubasher: The board members of Gulf Insurance Group (GIG) recommended cash dividends amounting to SAR 63 million for 2025, according to a bourse filing. GIG will pay out a dividend of SAR 1.20 per share, equivalent to 12% of the share’s …

Company News

26 February 12:39 PM GIG’s profits hike 28.5% in 2025; revenues hit SAR 1.5bn

Riyadh - Mubasher: Gulf Insurance Group (GIG) logged SAR 126.18 million in net profits after Zakat attributable to the owners during 2025, higher by 28.51% year-on-year (YoY) than SAR 98.19 million. The earnings per share (EPS) increased to SAR …

Banking and Finance

25 December 2025 04:42 PM MENA cross-listed insurance group GIG announces retirement of Al Hasan

Mubasher: The board of Gulf Insurance Group (GIG) has accepted the retirement request of Khaled Saoud Al Hasan from his position as GIG Group CEO, according to a press release. Al Hasan’s retirement marks the conclusion of half-century of …

Global Economy

5 November 2025 11:45 AM Saudi GIG delivers 77% higher net profits in 9M-25

Riyadh - Mubasher: Gulf Insurance Group (GIG) registered an annual leap of 76.99% in net profits after Zakat attributable to the owners to SAR 95.66 million in the first nine months (9M) of 2025. The 9M-25 net profits were compared to SAR 54.05 …

Financial Results

2 March 2025 03:40 PM GIG generates SAR 98m profits in 2024

Riyadh – Mubasher: Gulf Insurance Group (GIG) recorded 23.60% lower net profits after Zakat attributable to the owners at SAR 98.19 million in 2024, compared to SAR 128.52 million. The earnings per share (EPS) maintained its value unchanged at SAR …

Banking and Finance

29 September 2024 10:01 AM GIG names new Chairman, Vice Chairman

Riyadh – Mubasher: Gulf Insurance Group (GIG) has appointed Yousef Saleh Abalkhail as the Chairman of the board, according to a bourse disclosure. The company’s board also named Bijan Khasaroshahi as the Vice Chairman for the next four years. The …

Management Decisions

26 June 2024 09:19 AM Saudi GIG unveils payment date for 2023 dividends

Riyadh – Mubasher: Gulf Insurance Group (GIG) announced the distribution of SAR 78.75 million, or SAR 1.50 per share, in cash dividends for 2023 on 30 June 2024. The shareholders eligible are those who own shares at the end of 29 May, according to …

Cash Dividends

7 May 2024 11:57 AM S&P assigns ‘A-’ rating to Saudi GIG; outlook stable

Riyadh – Mubasher: S&P Global Ratings has assigned Gulf Insurance Group (GIG) a long-term financial strength rating of ‘A-’ with a stable outlook. The rating agency based its assessment on several strengths, including the company’s capital …

Ratings

5 May 2024 11:58 AM Saudi GIG swings to loss in Q1-24

Riyadh – Mubasher: Gulf Insurance Group (GIG) shifted to losses during the first quarter (Q1) of 2024, recording a net loss after Zakat attributable to shareholders of SAR 20.21 million, compared to a net profit of SAR 56.69 million. Insurance …

Banking and Finance

14 April 2024 03:22 PM Saudi GIG’s board proposes SAR 1.5/shr dividend for 2023

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 …

General Assembly

7 November 2023 08:29 PM Saudi GIG’s net profits fall 21.5% in 9M-23; group turns profitable in Q3

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 …

Banking and Finance

19 June 2023 10:36 AM Gulf Insurance unveils 61% lower profits in Q1-23, dividends for 2022

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 …

Financial Results

26 June 2022 02:55 PM AXA Cooperative, Alujain change company name

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 …

Corporate Actions

2 June 2022 05:56 PM AXA Cooperative pays 2021 dividends on Thursday

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, …

Board of Directors

17 May 2022 07:05 PM AXA Cooperative's shareholders approve SAR 1/shr dividend for 2021

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 …

General Assembly

11 May 2022 05:41 PM AXA Cooperative’s profits shrink 42% in Q1-22 initial results

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 …

Financial Results

17 March 2022 04:54 PM AXA Cooperative’s board proposes SAR 1/shr dividend for 2021

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, …

Board of Directors

15 February 2022 09:49 PM AXA Cooperative achieves SAR 167m net profits in 2021

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, …

Financial Results

16 January 2022 09:43 AM AXA Cooperative Insurance appoints new CEO

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 …

Management Decisions

7 December 2021 05:44 PM AXA appoints Chairman, Vice Chairman

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 …

Corporate Actions

7 November 2021 01:56 PM AXA Cooperative's interim financials record 1% lower profits in 9M

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 …

Financial Results

7 September 2021 11:52 AM Gulf Insurance completes acquisition of AXA in Gulf

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 …

Companies Investments