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GIG

GIG shareholders approve new Board formation

Gulf Insurance Group (GIG), one of the leading insurance groups in the Middle East and North Africa region, has announced the formation of a new Board.    The Board comprises the current Directors representi

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Gulf Insurance Group Q1 net profit falls 5.2pc to $35.6m

Gulf Insurance Group (GIG) has seen its first-quarter net profit fall 5.2% to KD10.9 million ($35.6 million), or 38.58 fils per share. In Q1 2023 the company had posted a net of KD11.5 million, or 40.37 fils per share.   

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Gulf Insurance Group posts 2023 a net profit of $69m

Gulf Insurance Group has posted a net profit of KD21.2 million ($69 million), or 74.73 fils per share for the financial year ended December 31, 2023 despite the challenges it had faced during the year. The challenges included non-recurring tra

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GIG Gulf becomes as a Fairfax company

GIG Gulf, one of the largest regional insurers in the Gulf region, has announced that Fairfax Financial Holdings Limited (Fairfax) has acquired Kipco’s stake in its parent company, Gulf Insurance Group (GIG), increasing its shareholding

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Gulf Insurance Group H1 net profit jumps 81.7pc to $82.5m

Gulf Insurance Group (GIG) has announced a net profit of KD25.3 million ($82.5 million) for the first half of 2023, a jump of 81.7% over KD13.9 million reported for the same period last year.    This increas

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Kuwait’s GIG Q1 net profit jumps 33.9pc to $30.7m

Gulf Insurance Group (GIG) has announced a first-quarter net profit jump of 33.9% to KD9.4 million ($30.7 million) compared to KD7 million for the same period last year.    The increase is a result of the gr

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Gulf Insurance Group posts net profit of $124.7m for 2022

Gulf Insurance Group (GIG) has posted a net profit of KD38.2 million ($124.7 million), or 134.56 fils per share for the financial year ended December 31, 2022 compared to a ‘restated’ KD72.6 million ($237.2 million) for 2021. 

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GIG reports 9M net profit of $74.5 million

Gulf Insurance Group (GIG) has announced a net profit of KD23.1 million ($74.5 million), or 81.39 fils per share, for the first nine months of this year, compared to a restated net profit of KD68 million ($219.3 million) for the same period pr

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GIG Gulf launches digital motor claims platform in 4 GCC markets

GIG Gulf, one of the largest insurance providers in the Mena region has launched EasyClaims, a purely-digital real-time end-to-end motor claims platform, across four major GCC markets, the UAE, Qatar, Oman and Bahrain.  

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Gulf Insurance Group H1 net profit jumps 27pc to $48.9m

Gulf Insurance Group (GIG) has made net profit of KD15 million ($48.9 million), or 52.87 fils per share, for the first half (H1) of 2022, a jump of 27% over KD11.8 million reported for the corresponding period last year. This increase is due t

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