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GIG's 2Q profits reach 38.72M Riyals
Gulf General Insurance Group (GGIG) achieved a net profit of 38.72 million SAR in the second quarter of 2026, representing a 13.44% increase compared to the same period last year. This growth was supported by a 34.55% rise in revenues, reaching 483.31 million SAR. Insurance services recorded an exceptional growth of 161.92%, totaling 119.91 million SAR, while the company's net profit after Zakat increased by 34.68% to 82.46 million SAR. Additionally, insurance revenues during the first half of 2026 improved significantly by 23.97%, amounting to 900.96 million SAR, contributing to a 45.46% increase in insurance services results. The strong financial performance reflects successful expansion in the vehicle, property, and accident sectors.
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