Gulf General Insurance AGM Approves Al-Dabbagh SAR 7M Contract

GULF GENERAL

GULF GENERAL

8260.SA

0.00

Gulf General Cooperative Insurance Company announced the results of its Ordinary General Assembly Meeting (Second Meeting) on August 18, 2026, following the failure to achieve quorum at the first meeting. The second meeting was held virtually on August 17, 2026, at 7:30 PM at the company's headquarters in Jeddah, with a shareholder attendance rate of 15.33%. The sole agenda item put to vote was the approval of business and contracts between the company and Al-Dabbagh Group — in which Board Member Mr. Jamal Abdullah Al-Dabbagh holds a direct interest as owner — covering insurance premiums underwritten for a year, with 2025 transactions amounting to SAR 7,043,000 and no preferential terms applied. The resolution was approved with 86.25% of votes in favor, 10.74% against, and 3.01% abstaining.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97680&anCat=1&cs=8260&locale=ar

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