Investors

COMPANY OVERVIEW

General and Medical Cooperative insurance

COMPANY HISTORY

Gulf General Insurance Co (GGI) www.ggi-sa.com is the resulting merging operation of Saudi General Insurance Company (SGI) www.sgi-sa.com and Gulf Cooperation Insurance Co (GCI) www.gci-ksa.com . GGI concluded its IPO on 9th October 2009, held its constitutional general assembly on 16 December 2009 and secured its commercial registration # 4030196620 on 24 January 2010. GGI now has a capitalization base of SR200 Million and has started up from a portfolio base of SR258 Million being the export accounts of the above merging operations.

 

EQUITY PROFILE

AUTHORIZED CAPITAL (SAR) ISSUED SHARES FREE FLOAT SHARES PAID CAPITAL (SAR)
200,000,000 20,000,000 13,000,000 200,000,000
PAR VALUE/SHARE PAID UP VALUE/SHARE
10 10

INVESTMENT LIMITS

There are no investment limits on the companys listed shares as per the Rules for Qualified Foreign Financial Institutions Investment in Listed Shares issued by the Board of the Capital Market Authority (CMA) pursuant to its resolution number (1-42-2015) dated 15/07/1436H corresponding to 04/05/2015G, Article (21) sub-paragraphs a (6) and a (7)

DATE ESTABLISHED

2009/12/16

FINANCIAL YEAR END

31/12

LISTING DATE

2010/02/08

EXTERNAL AUDITORS

[PriceWaterhouse Coopers, KPMG]

ISIN CODE

SA12CG541219

NUMBER OF EMPLOYEES

199

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