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Gulf Insurance Group

8250
GIG
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  • Main Market
  • Insurance

Stats Overview

  • Prev. Close 29.80
  • Open 30.00
  • High 30.25
  • Low 29.65
  • No. of Trades 445
  • Avg. Trade size* 439
  • Volume Traded 195,400
  • Value Traded (SAR) 5,836,269.25

Performance

GIG
-0.05 ( -0.17% )
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Index Name Index Level 1D Return
Gulf Insurance Group 30.00 -0.17%
Note: Prices are delayed minimum 5 minutes
  • *Average Trade Size = Cumulative / # of Trades
  • **52 Week Price Change =   (Current Price - Price year ago) / Price year ago x 100
  • Historical prices & volume traded data are adjusted to account for all corporate actions.
  • MO: Market Order

Trade Updates

Last Trade

Price
29.75
% Change
-0.17
Volume Traded
678

Best Bid

Price 29.70
Volume 2,869

Best Offer

Price 29.75
Volume 14,286

52 WEEK

High
31.00
2022/06/07
Low
22.78
2022/07/14
Change**
4.02

PERFORMANCE

Start of Year
24.66
Year ago
28.6
3 Years ago
26.55

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  • Announcements & Corporate Actions
  • Financials
  • Shareholding
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Announcements

  • Gulf Insurance Group announces the distribution of cash dividend for 2022

    8250
    GIG -0.17 %
    1444/10/27     17/05/2023 08:13:49

  • Gulf Insurance Group (GIG) Announces the Board’s Recommendation to Increase the Capital by Granting Bouns Shares

    8250
    GIG -0.17 %
    1444/10/27     17/05/2023 08:06:23

  • Gulf Insurance Group (“GIG Saudi”) has been notified by its shareholder Gulf Insurance Group (Gulf) B.S.C. (c) (“GIG Gulf”) an entity registered in Bahrain of a potential change in the shareholding of its parent company Gulf Insurance Group K.S.C.P. (“GIG Group Kuwait”) an entity registered in Kuwait.

    8250
    GIG -0.17 %
    1444/10/05     25/04/2023 09:33:37

  • Gulf Insurance Group (GIG) Announces the Final Approval of SAMA on a Product

    8250
    GIG -0.17 %
    1444/09/25     16/04/2023 08:04:24

  • Gulf Insurance Group “GIG” announces a significant favorable impact of 4.2% in the net assets of the company

    8250
    GIG -0.17 %
    1444/09/18     09/04/2023 08:25:33
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Corporate Actions

CompanyProfilev2Financials

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Financials

  • Balance Sheet
  • Statement of Income
  • Cash Flow
  • XBRL
  • Detailed Reports and Statements
  • Annually
  • Quarterly
Balance Sheet 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Policyholders (Ph) Assets: - - - -
Investments and Cash at Banks
1,265,303
1,411,888
1,493,000
1,330,422
Receivables, Net
296,321
299,811
214,308
190,435
Other Assets
307,345
228,126
281,253
250,276
Total Ph Assets
1,868,969
1,939,825
1,988,561
1,771,133
Shareholders (Sh) Assets: - - - -
Investments and Cash at Banks SH
953,278
890,330
721,755
604,741
Other Assets SH
88,803
160,914
181,941
141,265
Total Sh Assets
1,042,081
1,051,244
903,696
746,006
Total Assets
2,911,050
2,991,069
2,892,257
2,517,139
Ph Liabilities : - - - -
Reinsurers Balances Payable
74,649
68,929
41,066
27,294
Technical Reserves
1,558,287
1,542,143
1,544,945
1,423,668
Other Liabilities
236,033
328,753
402,550
320,171
Total Ph Liabilities
1,868,969
1,939,825
1,988,561
1,771,133
Sh Liabilities and Equity: - - - -
Sh Liabilities
71,666
66,336
59,333
49,754
Sh Equity
970,415
984,908
844,363
696,252
Total Sh Liabilities and Equity
1,042,081
1,051,244
903,696
746,006
Total Liabilities
2,911,050
2,991,069
2,892,257
2,517,139
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2023-04-03 2022-02-21 2021-04-20 2020-03-17
Balance Sheet 2022-09-30 2022-06-30 2022-03-31 2021-09-30
Policyholders (Ph) Assets: - - - -
Investments and Cash at Banks
1,359,147
1,327,205
1,434,305
1,467,069
Receivables, Net
274,333
337,925
428,519
319,101
Other Assets
357,086
337,029
151,705
191,198
Total Ph Assets
1,990,566
2,002,159
2,014,529
1,977,368
Shareholders (Sh) Assets: - - - -
Investments and Cash at Banks SH
933,582
924,229
827,687
791,186
Other Assets SH
94,622
88,091
244,665
226,151
Total Sh Assets
1,028,204
1,012,320
1,072,352
1,017,337
Total Assets
3,018,770
3,014,479
3,086,881
2,994,705
Ph Liabilities : - - - -
Reinsurers Balances Payable
70,906
85,796
86,008
57,774
Technical Reserves
1,651,646
1,652,211
1,668,945
1,661,740
Other Liabilities
268,014
264,152
259,576
257,854
Total Ph Liabilities
1,990,566
2,002,159
2,014,529
1,977,368
Sh Liabilities and Equity: - - - -
Sh Liabilities
70,374
64,842
71,504
56,018
Sh Equity
957,830
947,478
1,000,848
961,319
Total Sh Liabilities and Equity
1,028,204
1,012,320
1,072,352
1,017,337
Total Liabilities
3,018,770
3,014,479
3,086,881
2,994,705
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-11-15 2022-08-22 2022-06-02 2021-12-09
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Shareholding Information

  • Board Of Directors
  • Foreign Ownership
  • Substantial Shareholders
Time Period
-
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Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
2023-05-25 عمر عبدالرحمن علي الجريسي Board of Directors 0.0022220 0.0022220 0
2023-05-25 يوسف صالح منصور اباالخيل Chairman 0.1482220 0.1482220 0
  • The listed company (Publisher) shall be responsible for the accuracy of the published information pertaining to the ownership of the Board of Directors, Chief Executive Officer or highest executive position, and the Chief Financial Officer. The listed company shall also be responsible for updating these information thereof. Therefore, the Saudi Stock Exchange (Tadawul) shall not be liable for the information contained therein, nor for any consequences that may result from the said information.
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Gulf Insurance Group
Price 29.75
Market Cap (SAR MN) 1,488
P/E Ratio 15.94
Index Name Index Level 1D Return
Gulf Insurance Group %
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Company Profile

Company overview

The Company provides diversified insurance and reinsurance products in various classes including Engineering, Fire and Property, Marine (Cargo), Accident & liability, Motor, Health and Group Life insurance.

Company History

Gulf Insurance Group (GIG) is a public listed Saudi Joint Stock Company registered in Saudi Arabia established by Royal Decree Number M/36 dated 27/6/1429 H corresponding to 01/07/2008 G and incorporated vide Ministerial Order No Q/192, dated 10 Jumada II 1430H, corresponding to June 3, 2009 (date of incorporation) and incorporated on 20/07/1430 under Commercial Registration No. 1010271203. with offices now located in each of the three key economic regions of the Kingdom: Riyadh, Jeddah and Al Khobar. Gulf Insurance was established in 1962. The Group is among the largest and most diversified insurance groups in the Middle East and North Africa region. It is one of the leading private insurers (By Premium Volume) with a strong competitive market position in Kuwait, Jordan, Bahrain and Egypt. Furthermore, the Group has operations in UAE, Turkey, Algeria, Oman, Qatar, Syria, Iraq and Lebanon. The Group''s both revenue and earnings are well diversified geographically. This regional coverage will enable the Company to leverage off the GIG Group''s size and experience to differentiate their products and services to meet the needs of individual and corporate customers in Saudi Arabia.

Company Bylaws

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Equity Profile

  • Authorized Capital (SAR) 500,000,000
  • Issued Shares 50,000,000
  • Paid Capital (SAR) 500,000,000
  • Par Value/Share 10
  • Paid Up Value/Share 10

Last Update :2019-12-17

Investment limits

There are no investment limits on the companys shares as per the amended Rules for Qualified Financial Institutions Investment in listed Securities and Instructions for the foreign Strategic Investors Ownership in Listed Companies based on Companys bylaw and the issued instruction by the related regulators and supervisory authorities.

 

  • Company Details
  • BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION

  • Date Established

    2009/06/03

  • Financial Year End

    31/12

  • Listing Date

    2009/07/27

  • External Auditors

    [Ernst & Young Professional Services, Allied Accountant Professional Services L.L.C]

  • ISIN CODE

    SA12A0540T12

  • Number of Employees

    -

  • Chairman

    Yousef S Abalkhail
    Independent

    Yousef S Abalkhail
    • BD Session Start
      2021-08-01
      Designation
      Chairman
    • BD Session End
      2024-07-31
      Classification
      Independent

  • Board of Directors

    Paul Adamson Non - Executive

    Paul Adamson
    • BD Session Start
      2021-08-01
      Designation
      Board of Directors
    • BD Session End
      2024-07-31
      Classification
      Non - Executive

    Omar Abdulrahman Al Jeraisy Independent

    Omar Abdulrahman Al Jeraisy
    • BD Session Start
      2021-08-01
      Designation
      Board of Directors
    • BD Session End
      2024-07-31
      Classification
      Independent

    Hani Ibrahim Obaid Independent

    Hani Ibrahim Obaid
    • BD Session Start
      2021-08-01
      Designation
      Board of Directors
    • BD Session End
      2024-07-31
      Classification
      Independent

    Bijan Khosrowshahi Non - Executive

    Bijan Khosrowshahi
    • BD Session Start
      2021-09-06
      Designation
      Board of Directors
    • BD Session End
      2024-07-31
      Classification
      Non - Executive

    Jean Cloutier Non - Executive

    Jean Cloutier
    • BD Session Start
      2021-09-06
      Designation
      Board of Directors
    • BD Session End
      2024-07-31
      Classification
      Non - Executive

    Farid Saber Non - Executive

    Farid Saber
    • BD Session Start
      2021-09-06
      Designation
      Board of Directors
    • BD Session End
      2024-07-31
      Classification
      Non - Executive

    Osama Kamela Kishk Non - Executive

    Osama Kamela Kishk
    • BD Session Start
      2021-09-06
      Designation
      Board of Directors
    • BD Session End
      2024-07-31
      Classification
      Non - Executive

  • Senior Executives

    Babar Ali Khan CFO

    Babar Ali Khan
    • BD Session Start
      2015-05-01
      Designation
      Senior Executives
    • BD Session End
      -
      Classification
      CFO

    Khalid Abdulaziz Alshuwaier CEO

Khalid Abdulaziz Alshuwaier
  • BD Session Start
    2022-01-13
    Designation
    Senior Executives
  • BD Session End
    -
    Classification
    CEO

Investor Relations

Contact Name:

Raud Saud AlSuwailem

Company Address:

Al Malik Abdullah Ibn Abdulaziz Rd Al Nuzha Dist Riyadh 12471, Kingdom of Saudi Arabia

Contact Details:

Telephone: 0112730476
Fax: -
Email: Raud.Alsuwailem@gig.sa

Company Website:

www.gig.sa


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