Gulf General Cooperative Insurance Company announced in an official statement published on the Saudi Stock Exchange (Tadawul) website that it has completed the procedures for relocating its headquarters (General Administration) in Jeddah. The company explained that the move took place from its previous location in the Al-Ruwaiss district to its new headquarters in the Al-Khalidiyah district, specifically on Prince Saud Al-Faisal Street (Al-Makhmal Tower), fourth floor, effective Sunday, January 11, 2026.
National address details for the new headquarters
In its commitment to facilitating access for its customers and partners, and in accordance with the precise national address standards, the company clarified that the new address details for the headquarters are as follows:
- Short title: JEKA2904
- Building number: 2904
- Sub-number: 7462
- zip code: 23422
- City: Jeddah
- Neighborhood: Al-Khalidiyah neighborhood
- Street: Prince Saud Al Faisal
The claims management department continues to operate in Al Ruwais district
In its statement, Al-Khaleejia General highlighted a crucial point for its clients: the Claims Department in Jeddah will not be affected by this relocation. It will remain at its current location in the Al-Ruwaiss district (Adham Commercial Center), third floor, office number 301. The company also confirmed that there will be no changes to other communication channels; the unified telephone number and customer mailing address will remain unchanged to ensure uninterrupted communication.
Context of the insurance sector and the evolution of the business environment
This move comes at a time when the insurance sector in Saudi Arabia is witnessing remarkable development and rapid growth, driven by the Kingdom's Vision 2030 programs, which aim to develop the financial sector and improve the quality of services provided. Companies listed on the stock exchange often seek to modernize their headquarters and choose strategic locations in vital business centers—such as the Al-Khalidiyah district in Jeddah—to enhance their corporate image and provide a more modern and efficient work environment for their employees, which positively impacts overall performance and customer service.
Strategic importance of the new site
Prince Saud Al Faisal Street in the Al Khalidiyah district is one of Jeddah's most vital commercial arteries, home to a host of major companies and financial institutions. The relocation of the headquarters of an insurance company the size of "Al Khaleejia General" to this location reflects a strategic move towards being at the heart of the city's economic activity. Furthermore, the commitment to immediate disclosure through Tadawul reinforces the principles of transparency and governance mandated by the Saudi Central Bank (SAMA) and the Capital Market Authority, ensuring that shareholders and clients remain informed of all significant company developments.
