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Gulf Insurance Group
- Main Market
- Insurance
Stats Overview
-
Prev. Close 26.25
-
Open 26.20
-
High 26.30
-
Low 25.60
-
No. of Trades 615
-
Avg. Trade size* 226
-
Volume Traded 138,892
-
Value Traded (^) 3,593,317.80
Performance
- *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
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52 WEEK
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Actions
- Announcements & Corporate Actions
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- Peer Comparison
- Company Profile
Announcements
Corporate Actions
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
Dividends
| Announced Date | Eligibility Date | Distribution Date | Distribution Way | Dividend Amount |
|---|---|---|---|---|
| 14/04/2024 | 29/05/2024 | 30/06/2024 | Account Transfer | ^1.50 |
| 17/05/2023 | 18/06/2023 | 04/07/2023 | Account Transfer | ^0.50 |
| 17/03/2022 | 15/05/2022 | 02/06/2022 | Account Transfer | ^1.00 |
CompanyProfilev2Financials
Actions
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Financials
- FINANCIAL INFORMATION
- FINANCIAL STATEMENTS AND REPORTS
- Annually
- Quarterly
| Balance Sheet | 2023-12-31 | |||
|---|---|---|---|---|
| Total Assets |
2,960,458
|
- | - | - |
| Total Liabilities |
1,895,618
|
- | - | - |
| Total Shareholders Equity (After Deducting the Minority Equity) |
1,064,840
|
- | - | - |
| Total Liabilities and Shareholders Equity |
2,960,458
|
- | - | - |
| Statement of Income | 2023-12-31 | |||
| Total Revenue (Sales/Operating) |
1,564,749
|
- | - | - |
| Net Profit (Loss) before Zakat and Tax |
155,367
|
- | - | - |
| Zakat and Income Tax |
-26,841
|
- | - | - |
| Net Profit (Loss) after Zakat and Tax |
128,526
|
- | - | - |
| Total Comprehensive Income |
150,806
|
- | - | - |
| Profit (Loss) per Share |
2.45
|
- | - | - |
| Cash Flows | 2023-12-31 | |||
| Net Cash From Operating Activities |
178,476
|
- | - | - |
| Net Cash From Investing Activities |
-253,155
|
- | - | - |
| Net Cash From Financing Activities |
-31,116
|
- | - | - |
| Cash and Cash Equivalents, Beginning of the Period |
334,586
|
- | - | - |
| Cash and Cash Equivalents, End of the Period |
228,791
|
- | - | - |
| All Figures in | Thousands | |||
| All Currency In | ^ | |||
| Last Update Date | 2024-02-29 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
| Balance Sheet | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets |
2,837,570
|
3,134,352
|
3,131,134
|
2,650,554
|
| Total Liabilities |
1,807,199
|
2,122,110
|
2,116,256
|
1,620,983
|
| Total Shareholders Equity (After Deducting the Minority Equity) |
1,030,371
|
1,012,242
|
1,014,878
|
1,029,571
|
| Total Liabilities and Shareholders Equity |
2,837,570
|
3,134,352
|
3,131,134
|
2,650,554
|
| Statement of Income | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 |
| Total Revenue (Sales/Operating) |
362,419
|
389,920
|
388,230
|
390,650
|
| Net Profit (Loss) before Zakat and Tax |
-14,605
|
16,802
|
43,630
|
68,933
|
| Zakat and Income Tax |
-5,613
|
-6,606
|
-3,942
|
-12,242
|
| Net Profit (Loss) after Zakat and Tax |
-20,218
|
10,196
|
39,688
|
56,691
|
| Total Comprehensive Income |
-34,469
|
-2,636
|
10,307
|
89,812
|
| Profit (Loss) per Share |
-0.39
|
0.2
|
0.79
|
1.13
|
| Cash Flows | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 |
| Net Cash From Operating Activities |
-8,680
|
109,132
|
16,335
|
-29,430
|
| Net Cash From Investing Activities |
-80,764
|
-4,723
|
-104,927
|
11,348
|
| Net Cash From Financing Activities |
-178
|
-29,029
|
-25,000
|
2,284
|
| Cash and Cash Equivalents, Beginning of the Period |
228,791
|
334,586
|
334,586
|
334,586
|
| Cash and Cash Equivalents, End of the Period |
139,169
|
409,966
|
220,994
|
318,788
|
| All Figures in | Thousands | Thousands | Thousands | Thousands |
| All Currency In | ^ | ^ | ^ | ^ |
| Last Update Date | 2024-10-06 | 2024-10-06 | 2023-11-16 | 2023-11-16 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
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
Equity Profile
- Authorized Capital (^) 525,000,000
- Issued Shares 52,500,000
- Paid Capital (^) 525,000,000
- Par Value/Share 10
- Paid Up Value/Share 10
Last Update :2023-11-19
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
Investor Relations
Contact Name:
Othub Sulaiman Alnasser
Company Address:
Al Malik Abdullah Ibn Abdulaziz Rd Al Nuzha Dist Riyadh 12471, Kingdom of Saudi Arabia
Contact Details:
Telephone:
0112730501
Fax
: -
Email
: othub.alnasser@gig.sa
Company Website:
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of these disclosures, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of these disclosures, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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