GULFUNION
14.27 SAR
-1.66%
Today
-1.59%
1D
Market is closed
Sun
10:00 AM ~ 3:00 PM
Mon
10:00 AM ~ 3:00 PM
Tue
10:00 AM ~ 3:00 PM
Wed
10:00 AM ~ 3:00 PM
Thu
10:00 AM ~ 3:00 PM
Fri
Closed
Sat
Closed
Information
Name
Gulf Union Insurance
Currency
SAR
Standard Leverage
1X
Market Cap
666.39M
Avg Daily Volume
218.37K
52 Week High
15.14 SAR
52 Week Low
9 SAR
Trading Hours
See hours
Business Summary
Gulf Union Alahlia Cooperative Insurance Company provides various insurance products and services in the Kingdom of Saudi Arabia. The company offers motor, health, medical malpractice, SME medical, home, marine, engineering, and domestic labor insurance services, as well as general accident, liability, property, and protection insurances. The company was formerly known as Gulf Union Cooperative Insurance Co. and changed its name to Gulf Union Alahlia Cooperative Insurance Company in December 2020. Gulf Union Alahlia Cooperative Insurance Company was founded in 1983 and is headquartered in Dammam, Kingdom of Saudi Arabia.
Frequently Asked Questions
What are financial stocks?
Financial stocks include companies like banks, insurance firms, investment services, and fintechs. They play a critical role in the economy by facilitating credit, investment, and wealth management.
How do interest rates affect financial stocks?
Financials often benefit from rising interest rates, which can increase net interest margins for banks and improve profitability.
Why are financials important in a trading portfolio?
Financial stocks can offer strong dividends, sector stability, and exposure to macroeconomic trends like interest rate policy and GDP growth.
What risks are associated with financial sector investing?
Regulatory changes, credit risk, economic downturns, and interest rate volatility can all impact financial companies' earnings and stock prices.
