Gulf General Cooperative Insurance Company
8260.SR
Saudi Exchange3.95
SAR
-0.05
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Gulf General Cooperative Insurance Company
8260.SR
(Saudi Exchange)
Recent
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3.95
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div
yld
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ROIC.AI
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- Business
- Gulf General Cooperative Insurance Company (8260.SR) provides a range of general and health insurance products and services to corporate and individual clients in the Kingdom of Saudi Arabia. The company operates through segments including medical, offering healthcare cover to policyholders; motor, providing coverage against losses and liability related to motor vehicles; property, covering losses from fire, natural perils, business interruption and burglary; engineering, insuring erection or construction of civil engineering works and installation of plant and machinery; marine, protecting against damages and liabilities to marine cargo or hull; and accident and liability, encompassing personal accident, fidelity guarantee, third-party and public liability, travel and visitor insurance, medical malpractice, international travel, health care and life insurance; vehicle insurance; and marine insurance. Founded in 2008 and headquartered in Jeddah at Al Gheithy Plaza, the company maintains operations across Saudi Arabia, with a focus on the diversified property and casualty insurance sector targeting businesses and individuals. In December 2024, it entered a binding merger agreement with Gulf Union Al Ahlia Cooperative Insurance Co., under which it would merge into the latter in exchange for new shares, but the agreement terminated in March 2025 due to a material adverse event involving a significant valuation decrease; most recently in November 2025, BlueFive Investments Holding submitted a non-binding offer for a strategic investment involving capital reduction to address accumulated losses and a subsequent capital increase at SAR 10 per share with suspended pre-emptive rights, entering a two-month exclusivity period to strengthen its financial position and support growth.