Kuwait: GIG shareholders to receive cash dividends exceeding $21m for 2024

Source: Middle East Insurance Review | Jun 2025

Shareholders of Gulf Insurance Group (GIG) have approved the board of directors’ recommendation to distribute cash dividend of 23% (23 fils per share) for the financial year ended 31 December 2024, amounting to approximately KWD6.5m ($21.23m).

Chairing the meetings, board member Dr Yousef Hamad Al-Ebraheem highlighted GIG’s strong financial and operational achievements: “In a year marked by global economic uncertainty, inflation and geopolitical tensions, GIG demonstrated resilience, closing 2024 with a net profit of KWD25.9m. As one of the largest and most diversified insurance groups in the MENA region, GIG’s success stemmed from prudent underwriting, disciplined risk management, strong governance and a diversified business model. Despite challenges, GIG remained focused on long-term growth, value creation and innovation, positioning itself for future opportunities globally.” M

Comment | Print

Name*

Email*

Comment*

Code Verification*

Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.