Gulf Insurance Group generates $26.13mln profits in 2024

A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018. Reuters, Faisal Al Nasser

Insurance revenues declined by 6.47%

Staff Writer, Mubasher

March 3, 2025

PHOTO
A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018. Reuters, Faisal Al Nasser

Riyadh – Gulf Insurance Group (GIG) recorded 23.60% lower net profits after Zakat attributable to the owners at SAR 98.19 million in 2024, compared to SAR 128.52 million.

The earnings per share (EPS) maintained its value unchanged at SAR 2 per share in 2024, according to the financial results.

Insurance revenues declined by 6.47% to SAR 1.46 billion last year from SAR 1.56 billion in 2023.

Source: Mubasher

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