Prime Highlights-
- Gulf Insurance Group will not pay dividends for 2025 as it focuses on reinvesting profits to drive future growth.
- The company plans to expand its presence and strengthen operations across regional and global markets.
Key Facts-
- Shareholders approved the decision at the General Assembly Meeting with a 97.192% attendance, meeting the quorum requirement.
- The group reported a net profit of KD 24.7 million and total assets of KD 1.3 billion for 2025.
Background-
Gulf Insurance Group will not pay cash dividends for the financial year ending December 31, 2025, and plans to reinvest profits to support long-term growth. Shareholders voted in favour of the decision at the company’s Ordinary General Assembly Meeting, which recorded a 97.192% attendance and met the required quorum.
Chairing the meeting, Yousef Hamad Al-Ebraheem highlighted the group’s steady performance despite a challenging business environment. He said GIG reported a net profit of KD 24.7 million (US$ 80.3 million) for 2025. Total assets reached KD 1.3 billion (US$ 4.3 billion), while shareholders’ equity stood at KD 264.2 million (US$ 859.3 million).
The company said its performance was supported by strong insurance operations, careful risk management, and a diversified business model across multiple markets. GIG operates across several countries in the Middle East and North Africa and continues to expand its presence.
Credit rating agencies also reaffirmed confidence in the group. Moody’s maintained GIG’s Insurance Financial Strength Rating at A2 with a stable outlook. S&P Global Ratings moved GIG’s rating up to A+, while AM Best kept its ratings unchanged, pointing to a sound balance sheet and steady results.
GIG said it will keep pushing ahead with digital transformation, sustainability and governance as part of its long-term strategy. The group is also running initiatives on climate action, diversity and community support.
Backed by Fairfax Financial Holdings, GIG is looking to expand further and tap into global opportunities. The company said it is confident in its strategy and aims to deliver consistent value to customers and shareholders as it works through ongoing regional challenges.
