Gulf General Withdraws Capital Reduction Proposal

Gulf General Cooperative Insurance Co. announced on Tuesday that its Board of Directors has withdrawn its earlier recommendation to reduce the company’s capital.

The company said in a statement on Tadawul that the decision reflects the Board’s commitment to maintaining financial stability and regulatory compliance, while safeguarding shareholder interests.

The move follows the Board’s previous recommendation, published on June 30, 2025, to propose a capital reduction to the Extraordinary General Assembly. The Board added that it is currently evaluating other tools to improve capital efficiency.