Gulf Takaful Insurance Co
Symbol Gulf Takaful OTC Code 1013 Type of Trade HYBRID
Date of last trade/ date of last hybrid deal:   27 August 2025
Last Price:   Last Price is available exclusively to certain of our subscriptions. Refer to the features of our different packages.

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Company Name Gulf Takaful Insurance Co
Sector Financial Services
Sub-sector Insurance
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 06 September 2004
Company purpose

The company conducts insurance business in all its forms in accordance with established laws, ensuring all activities align with Islamic Sharia principles. Furthermore, it strategically utilizes the company's financial surpluses by investing them in financial portfolios, managed by professional firms and entities, adhering to legal regulations, regulatory decisions, and the company's articles of association.
The scope of the company's activities encompasses all aspects related to the insurance business, executing any tasks that directly or indirectly fulfill the company's goals and objectives within the framework of Islamic Sharia. The company is also licensed to operate as an appraiser and valuer in insurance, as well as act as an agent for insurance or reinsurance companies, conducting operations that are in accordance with Islamic Sharia principles upon obtaining the necessary authorizations.
The company is vested with the authority to buy, lease, exchange, own through mortgage or other means, sell, and manage all or any of the company's assets. In addition, it offers technical consulting services in the field of insurance, subject to the fulfillment of the requisite conditions.
Broadly, the company engages in all operations and services within the scope of insurance companies that comply with Islamic Sharia guidelines.
Operations are carried out both domestically within the State of Kuwait and internationally, directly, or through agency relationships.
The company also seeks to invest in or partner with businesses engaged in similar activities or those that could facilitate the achievement of its objectives on both domestic and international fronts. It may establish new entities, participate in ventures, acquire or integrate with these entities to enhance its business network and reach.
Company profile

Gulf Takaful Insurance Company K.S.C.C. (closed) was established as a Kuwaiti closed shareholding company on September 6, 2004, in compliance with the Commercial Companies Law No. 15 of 1960 and its subsequent revisions. It was registered with the Ministry of Commerce and Industry as per the Insurance Companies and Agents Law No. 24 of 1961 and its subsequent amendments, bearing the Commercial Registration No. 104519.
The company's operations are governed by the Insurance Companies and Agents Law No. 24 of 1961, its amendments, and the principles of Islamic Sharia as mandated for its business activities.

Capital Adjustments of Gulf Takaful Insurance Company
During an Extraordinary General Assembly Meeting held on October 8, 2017, the shareholders agreed on a capital decrease from 121,348,190 shares to 100,000,000 shares. This decision, based on a recommendation from the Board of Directors' meeting on March 22, 2017, entailed utilizing KD 303,765 to write-off accumulated losses and allocating KD 111,360 to reserves. The remaining KD 1,942,414 was set to be distributed to shareholders in proportion to their ownership stakes in the company.
The capital reduction was officially recorded in the Commercial Register on November 20, 2017.

According to the financial statements for the fiscal year that ended on December 31, 2022, Gulf Takaful Insurance Company's authorized, issued, and fully paid-up capital stood at KD 10 million, mirroring the amount from 2021. This capital was divided into 100 million shares, each with a nominal value of 100 fils, and every share was fully paid for in cash.
Shareholding records Kuwait Clearing Company (KCC)
Auditor
Date of joining the OTC Platform 09 May 2023
Type of deal HYBRID
Sharia'a compliant Yes
Source of Data Various credible sources
Last Updated On 13 August 2025
Location

Sharq - Al-Shuhada Street - Al-Ghawali Tower, opposite Al-Raya Tower - Floor 12

Tel

1820202/ داخلي 1277

Fax

22320242/3/4

Email Address

info@gigtakaful.com.kw

Contact Person

Hisham Isbaitah Gulf Insurance Group

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If a company wishes to remove the available information from this website, the management of the company can do so through the provided link and by contacting Almowazi telephonically on the numbers provided on its website.

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