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Gulf General Cooperative Insurance's H1 Net Loss Shrinks; Insurance Revenue Up

MT Newswires·08/05/2026 02:37:57
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02:37 AM EDT, 08/05/2026 (MT Newswires) -- Gulf General Cooperative Insurance (SASE:8260) on Wednesday reported a smaller loss in the first half, while insurance revenue edged up year over year. Loss after zakat attributable to shareholders for the six months ended June 30 was 29.5 million Saudi riyals, compared with 52.9 million riyals a year ago. Loss per share moved to 0.98 riyals from 1.76 riyals. The Saudi Arabia-listed insurer's insurance revenue was 174.9 million riyals, compared with 173.5 million riyals earlier.