Gulf General Cooperative Insurance Co (8260)

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News

18 August 11:33 AM GGCI’s shareholders approve related-party contracts at OGM

Riyadh – Mubasher: The shareholders of Gulf General Cooperative Insurance Company (GGCI) approved business contracts with Al Dabbagh Group during an ordinary general meeting (OGM) held on 17 August 2026. The approved transactions involve one-year …

General Assembly

17 August 05:43 AM GGCI launches e-voting ahead of OGM

Riyadh – Mubasher: Gulf General Cooperative Insurance (GGCI) issued a reminder to its shareholders regarding the commencement of electronic voting for the ordinary general meeting (OGM). The meeting is scheduled to be conducted via modern …

General Assembly

12 August 10:49 AM GGCI granted regulatory approval for health insurance renewal

Riyadh – Mubasher: Gulf General Cooperative Insurance Company (GGCI) received formal approval from the Insurance Authority on 6 August 2026 to renew its annual qualification for health insurance activities. The regulatory green light allows the …

Banking and Finance

6 August 10:38 AM GGCI’s accumulated losses hit 96% of capital in H1-26

Riyadh – Mubasher: Gulf General Cooperative Insurance Company (GGCI) suffered 46.80% year-on-year (YoY) lower net losses after Zakat valued at SAR 15.47 million for the second quarter (Q2) of 2026, compared to the SAR 29.08 million. The narrower …

Company News

21 July 10:58 AM GGCI invites shareholders to vote on related-party transactions

Riyadh – Mubasher: Gulf General Cooperative Insurance Company (GGCI) has invited its shareholders to attend the ordinary general assembly meeting scheduled for 17 August 2026. The meeting will be conducted via modern technology at 18:30. The …

General Assembly

24 June 01:57 PM GGCI shareholders pass financial performance, reject Al Dabbagh Group contracts

Riyadh – Mubasher: Jeddah-based Gulf General Cooperative Insurance Company (GGCI) has announced the results of its Ordinary General Assembly meeting held on 23 June 2026, during which shareholders approved the company’s financial statements and …

General Assembly

7 June 11:42 AM GGCI’s board member Alzamil resigns

Riyadh – Mubasher: Gulf General Cooperative Insurance Company (GGCI) announced the resignation of Muath Khalid Abdullah Alzamil from his position as an independent board member, effective on 8 June 2026. Alzamil submitted his resignation on 5 June …

Banking and Finance

2 June 02:16 PM GGCI to market, sell new product for tourists

Riyadh – Mubasher: The Insurance Authority (IA) granted its approval for Gulf General Cooperative Insurance Company (GGCI) to market and sell the tourist visa insurance product for individual tourists visiting the Kingdom. The product has been …

Company News

20 May 01:45 PM GGCI appoints Alghamdi as Acting CEO

Riyadh – Mubasher: Gulf General Cooperative Insurance Company (GGCI) has appointed Mohammed Abdullah Alghamdi as its Acting Chief Executive Officer (CEO), according to a bourse filing. In accordance with the regulatory framework governing the …

Banking and Finance

23 June 2025 10:35 AM Gulf General announces key appointments

Riyadh - Mubasher: Gulf General Cooperative Insurance Company named Mazen Hani Altamimi and Taher Mohammed Omar Agueel as the board’s Chairman and Vice Chairman, respectively.  The two officials took over for a three-year term that started on 16 …

Board of Directors

25 February 2025 03:14 PM CMA approves Gulf Union Al Ahlia’s capital hike for merger with Gulf General

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the capital hike of Gulf Union Al Ahlia Cooperative Insurance Company from SAR 458.94 million to SAR 687.18 million, according to a bourse disclosure. The company will issue 22.82 …

Management Decisions

19 March 2024 00:53 PM Gulf General shifts to profitability in 2023; board proposes capital hike

Riyadh – Mubasher: Gulf General Cooperative Insurance Company turned to profitability in 2023, recording a net profit after Zakat attributable to shareholders of SAR 3.53 million, compared to a net loss of SAR 106.01 million a year earlier. …

Financial Results

31 December 2023 07:20 AM CMA greenlights Gulf General’s capital reduction

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Gulf General Cooperative Insurance Company to reduce its capital by SAR 200 million, according to a bourse filing. Following the transaction, the new capital will stand …

Management Decisions

23 November 2023 11:59 AM Gulf General appoints financial advisor for capital cut

Riyadh – Mubasher: Gulf General Cooperative Insurance Company has appointed Yaqeen Capital as the financial advisor to manage the procedures for the capital reduction process on 22 November 2023. Through the decrease process, the insurance firm …

Management Decisions

6 November 2023 02:56 PM Gulf General shifts to profits in Q3, 9M-23; accumulated losses reach SAR 247m

  Riyadh – Mubasher: Gulf General Cooperative Insurance Company turned to a net profit before Zakat of SAR 1.27 million in the first nine months (9M) of 2023, versus a net loss of SAR 54.38 million in 9M-22. The loss per share edged down to SAR …

Financial Results

20 June 2023 00:14 PM Gulf General turns profitable in Q1-23; accumulated losses unveiled

Riyadh – Mubasher: Gulf General Cooperative Insurance Company shifted to net profits before Zakat valued at SAR 4.97 million in the first quarter (Q1) of 2023, against net losses worth SAR 18.20 million in Q1-22. Gross written premiums (GWP) …

Financial Results

12 December 2022 01:47 PM Gulf General names Allagany as new CEO

Riyadh – Mubasher: Gulf General Cooperative Insurance Company has appointed Khalid Gaafar Allagany as the new CEO of the company on 9 November 2022. The Saudi Central Bank (SAMA) granted its approval for the appointment, according to a bourse …

Corporate Actions

21 August 2022 04:11 PM Gulf General registers lower losses in H1-22; accumulated losses unveiled

Riyadh – Mubasher: Gulf General Cooperative Insurance Company has suffered net losses before Zakat of SAR 34.60 million during the first half (H1) of 2022, down 19.76% from SAR 43.12 million in H1-21. The loss per share stood at SAR 0.74 in the …

Financial Results

5 July 2022 00:57 PM Gulf General pens insurance deal with Al Rashid Trading

Riyadh – Mubasher: Gulf General Cooperative Insurance Company has inked a health insurance contract with Al Rashid Trading and Contracting Company at a value exceeding 5% of the insurer's 2021 revenues. Under the agreement which was awarded and …

Companies Investments

27 June 2022 11:44 AM Gulf General names new Chairman, Vice Chairman

Riyadh – Mubasher: Gulf General Cooperative Insurance Company has appointed Jamal Abdullah Al Dabbagh as the Chairman of the board for a three-year term. The company also named Saud Abdulaziz Al Sulaiman as the new Vice Chairman for the same …

Management Decisions

30 May 2022 09:17 AM Gulf General wins insurance services contract with Al Wefaq Transport

Riyadh – Mubasher: Gulf General Cooperative Insurance Company has been awarded a contract to provide insurance services for the vehicle fleet with Al Wefaq Transport Solutions Company. The one-year contract’s value is more than 10% of the …

Companies Investments

18 May 2022 10:53 AM Gulf General's losses down 23% in Q1-22 interim financials

Riyadh – Mubasher: The net losses before Zakat of Gulf General Cooperative Insurance Company retreated by 22.82% year-on-year (YoY) to SAR 18.07 million in the first quarter (Q1) of 2022 from SAR 23.41 million, according to the company's interim …

Financial Results

16 August 2021 02:52 PM Gulf General incurs SAR 43m losses in H1-21; accumulated losses hit SAR 84m

Riyadh – Mubasher: Gulf General Cooperative Insurance Company suffered net losses before Zakat worth SAR 43.12 million during the first half (H1) of 2021, against net profits worth SAR 14.49 million in H1-20. The loss per share stood at SAR 2.21 …

Financial Results

1 August 2021 07:34 AM Gulf General raises SAR 140.5m from unsubscribed rights issue shares

Riyadh – Mubasher: Gulf General Cooperative Insurance Company has sold 8.28 million shares representing the remaining unsubscribed rights issue portion at an average price of SAR 16.97 a share. The total value of the sold shares stood at SAR …

Management Decisions

26 July 2021 08:15 AM Gulf General’s rights issue coverage exceeds 72%

Riyadh – Mubasher: A total of 21.71 million shares out of 30 million offered shares were subscribed during Gulf General Cooperative Insurance Company’s rights issue. The value of the subscribed shares amounted to SAR 217.16 million, with …

Corporate Actions