Logo ofGulf General Cooperative Insurance Co.
Gulf General Cooperative Insurance Co. announced that Saudi General Investments and Services Co. and Trading Co. for Marketing Services Agencies agreed to provide a joint shareholders’ loan amounting to SAR 50 million, with each party contributing SAR 25 million, according to a statement to Tadawul. 
The Saudi insurer said it received the approval of the Insurance Authority to realize the shareholders’ loan (shareholders’ loan agreement) concluded with the founding shareholders for the purpose of calculating the company’s solvency margin.
These corrective measures, taken by the company’s board of directors and founding shareholders, will strengthen the solvency margin to meet the regulatory minimum requirement.
Any future developments will be revealed in due course once all necessary regulatory procedures are completed.
According to available data on Argaam, Saudi General Investments and Services Co. and Trading Co. for Marketing Services Agencies owns 6% each of Gulf General. The company’s accumulated losses amounted to SAR 191.2 million, representing 64% of its share capital as of the end of H1 2025.
Logo ofGulf General Cooperative Insurance Co.
Gulf General Cooperative Insurance Co. announced that Saudi General Investments and Services Co. and Trading Co. for Marketing Services Agencies agreed to provide a joint shareholders’ loan amounting to SAR 50 million, with each party contributing SAR 25 million, according to a statement to Tadawul.
The Saudi insurer said it received the approval of the Insurance Authority to realize the shareholders’ loan (shareholders’ loan agreement) concluded with the founding shareholders for the purpose of calculating the company’s solvency margin.
These corrective measures, taken by the company’s board of directors and founding shareholders, will strengthen the solvency margin to meet the regulatory minimum requirement.
Any future developments will be revealed in due course once all necessary regulatory procedures are completed.
According to available data on Argaam, Saudi General Investments and Services Co. and Trading Co. for Marketing Services Agencies owns 6% each of Gulf General. The company’s accumulated losses amounted to SAR 191.2 million, representing 64% of its share capital as of the end of H1 2025.
