Gulf Insurance Group
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Gulf Insurance Group - overview
Established
1962
Location
Kuwait City, -, Kuwait
Primary Industry
Insurance
About
Based in Kuwait, and founded in 1962, Gulf Insurance Group, a. k. a. GIG is an insurance company with operations in both life and non-life insurance networks focusing mainly on the Middle East and North Africa regions.
The company is publicly listed on the Kuwait Stock Exchange under the ticker symbol GINS. In May 2002, Stone Point Capital acquired Gulf Insurance Group. The company operates in two segments, general risk insurance, and life and medical insurance. Gulf Insurance Group generated total revenue of KWD 334.
83 million in the fiscal year that ended on December 30, 2021.
Current Investors
Travelers, Kuwait Projects Company
Primary Industry
Insurance
Sub Industries
Health Insurance, Life Insurance
Website
www.gulfinsgroup.com
Verticals
FinTech
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Gulf Insurance Group - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Gulf Insurance Group | - | ||||||||
| Add-on | Completed | Gulf Warranties | - | ||||||||
| Add-on | Completed | Gulf Sigorta A.S. | - | ||||||||
| Trade Sale | Completed | Gulf Insurance Group | - | ||||||||
| Trade Sale | Completed | Gulf Insurance Group | - |
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