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gulf union cooperative insur (8120) Details

Gulf Union Cooperative Insurance Company provides insurance products and services primarily in the Kingdom of Saudi Arabia. The company provides auto, medical, property, fire, marine cargo and hull, engineering, and group life insurance products. It also offers general accident insurance products, including burglary, carrier’s liability, comprehensive general liability, employers’ liability, fidelity guarantee, money insurance, personal accident, public liability, public and products liability, and workmen’s compensation. The company was founded in 1983 and is headquartered in Dammam, the Kingdom of Saudi Arabia.

Founded in 1983

gulf union cooperative insur (8120) Top Compensated Officers

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gulf union cooperative insur (8120) Key Developments

Gulf Union Co-Operative Insurance Co., Annual General Meeting, Mar 31, 2015

Gulf Union Co-Operative Insurance Co., Annual General Meeting, Mar 31, 2015., at 19:00 Arab Standard Time. Location: Gosoibi Hotel.

Gulf Union Cooperative Insurance Company Announces the Termination of the Contract with Gulf Electronic Management Systems Company

Gulf Union Cooperative Insurance Company announced the termination of the contract with Gulf Electronic Management Systems Company for the management and settlement of insurance medical claims. Hence Gulf Union is currently to dispense their services permanently and self sustain this service whereas company’s management has created full team for management and settlement of insurance medical claims within company’s organizational structure where the team preform effectively and professionally. The cancellation of these contracts will be of great benefit to customers in addition to the good financial return achieved to company to cancel the outsourcing of these services to above mentioned company.

Gulf Union Cooperative Insurance Company Reports Earnings Results Fourth Quarter and Full Year Ended December 31, 2013

Gulf Union Cooperative Insurance Company reported earnings results fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net loss before zakat of SAR 17.19 million, compared to a net profit before zakat of SAR 8.41 million for the same quarter ended December 31, 2012. Net written premiums were SAR 30.23 million, compared to SAR 31.09 million for the same quarter ended December 31, 2012. For the full year, the company reported net loss before zakat of SAR 24.91 million, or SAR 1.13 loss per share, compared to a net profit before zakat of SAR 6.8 million, or SAR 0.31 per share, for the year ended December 31, 2012. Net written premiums for the year ended December 31, 2013 were SAR 208.05 million, compared to SAR 197.36 million for the year ended December 31, 2012.

 

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