The insurer’s shareholders approve measures to address accumulated losses
Gulf General Cooperative Insurance Co.’s shareholders approved the board of directors’ recommendation to continue the company’s operations after its accumulated losses reached half of its capital, in accordance with Article 132 of the Companies Law. 
Shareholders further approved authorizing the board to proceed with the measures set out in its recommendation related to addressing the accumulated losses, according to a statement to Tadawul.
These measures include reducing general and administrative expenses, continuing intensive efforts to curb losses in individual motor insurance, expanding sales through digital channels to enhance cost efficiency and continuing intensive efforts to improve pricing and rationalize costs.
The company’s accumulated losses stood at SAR 223.02 million, representing 74.34% of capital, as of the end of Q3 2025.
The insurer’s shareholders approve measures to address accumulated losses
Gulf General Cooperative Insurance Co.’s shareholders approved the board of directors’ recommendation to continue the company’s operations after its accumulated losses reached half of its capital, in accordance with Article 132 of the Companies Law.
Shareholders further approved authorizing the board to proceed with the measures set out in its recommendation related to addressing the accumulated losses, according to a statement to Tadawul.
These measures include reducing general and administrative expenses, continuing intensive efforts to curb losses in individual motor insurance, expanding sales through digital channels to enhance cost efficiency and continuing intensive efforts to improve pricing and rationalize costs.
The company’s accumulated losses stood at SAR 223.02 million, representing 74.34% of capital, as of the end of Q3 2025.
