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Gulf General Cooperative Insurance Company (GGI), also known as AlKhaleej General, is a Saudi joint stock company established in 2009, operating under Commercial Registration No. 1010256623. It is licensed by the Saudi Central Bank (SAMA) to provide a wide range of cooperative insurance services across Saudi Arabia. These services include general insurance (such as property, motor, engineering, marine, aviation, liability, and accident) and protection & savings insurance products. GGI is committed to offering innovative and reliable insurance solutions to both individual and corporate clients, focusing on customer satisfaction, operational excellence, and contributing to the growth and development of the Saudi insurance sector. The company is listed on the Saudi Stock Exchange (Tadawul) under the symbol 8260.
The headquarters serves as the central command for Gulf General Cooperative Insurance Company's operations, housing key corporate functions including executive management, strategic planning, underwriting policy, claims management oversight, finance, human resources, IT, and compliance.
Situated in the Al Olaya district, a prominent business area in Riyadh, the headquarters is located in a modern office building. While specific architectural details are not widely publicized, its location signifies its strong presence within the Saudi financial services industry.
The work culture at GGI's headquarters is expected to be professional, results-oriented, and collaborative, with a strong emphasis on ethical practices and adherence to regulatory standards set by SAMA. It likely fosters an environment focused on customer service, risk management, and continuous improvement.
The Riyadh headquarters is crucial for GGI as it anchors its operations in Saudi Arabia's primary economic center. Its location facilitates direct engagement with regulatory authorities, major corporate clients, financial institutions, and other key stakeholders in the Kingdom's insurance market.
Gulf General Cooperative Insurance Company's primary operational focus is within the Kingdom of Saudi Arabia. While the company engages with international reinsurers and may have global partnerships essential for its insurance and investment activities, its direct customer-facing branches and services are concentrated within Saudi Arabia. It does not currently maintain a network of physical office locations outside the KSA.
King Fahd Road, Al Olaya
Riyadh
Riyadh Province
Saudi Arabia
Address: King Fahd Road, Al Faisaliah District, Jeddah
To cater to the significant commercial and individual insurance market in Jeddah, Saudi Arabia's second-largest city and a major Red Sea port, ensuring accessible and localized services for GGI's clients in the region.
Address: King Faisal Road, Al Bandariyah, Al Khobar
To provide tailored insurance solutions and dedicated support to the economically crucial Eastern Province, addressing the specific risk management requirements of its diverse industries and population in Dammam, Khobar, Dhahran, and surrounding areas.
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As of April 2025, GULF GENERAL COOPERATIVE INSURANCE CO.' leadership includes:
GULF GENERAL COOPERATIVE INSURANCE CO. has been backed by several prominent investors over the years, including:
The most significant executive leadership transition for Gulf General Cooperative Insurance Company in the recent period involved a CEO change in May 2023. Mr. Saud Abdullah Al-Rajhi was appointed as the new CEO, succeeding Mr. Raad Al-Tamimi. No other major C-suite hires or exits have been publicly announced in the subsequent 12 months (approximately June 2023 - June 2024).
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Gulf General Cooperative Insurance Company likely utilizes standard corporate email formats for its employees. These formats commonly involve a combination of the employee's first name and last name, or an initial followed by the last name, preceding the '@gulfgeneral.com' domain.
[first_initial][lastname]@gulfgeneral.com or [firstname].[lastname]@gulfgeneral.com
Format
s.alrajhi@gulfgeneral.com
Example
80%
Success rate
Argaam • June 11, 2024
Gulf General Cooperative Insurance Co. obtained the Saudi Central Bank’s (SAMA) approval for a capital increase of SAR 250 million through a rights issue. The company stated it will proceed to fulfill other regulatory requirements and convene an extraordinary general meeting (EGM) to seek shareholder approval for the capital hike and amend its bylaws accordingly....more
Argaam • May 8, 2024
Gulf General Cooperative Insurance Co. (Gulf General) reported a net profit of SAR 10.1 million for the first quarter of 2024. This marked a significant increase compared to the SAR 1.6 million net profit recorded in the same quarter of the previous year. The insurer attributed this strong performance primarily to higher net underwriting results and improved investment income....more
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