Gulf General soars on insurance products’ approval
The Riyadh-based Tadawul All Share Index advanced by 0.78 per cent to reach 9,660.13 points on Thursday, May 1. Gulf General Insurance Cooperative Insurance jumped by 5.46 per cent to hit SAR47.50. Earlier in the day, the firm revealed that the Saudi Arabian Central Bank has temporarily approved the use of insurance products for the coming months. The three products are motor comprehensive commercial insurance, motor comprehensive insurance and motor TPL.