Ernst & Young
Buruj Cooperative Insurance Company is a Saudi Joint Stock Company providing insurance products and services to individuals and businesses.
Buruj Cooperative Insurance offers various types of insurance covers such as: Motor, Property and Fire, Marine, Engineering, Health, Fidelity and Money, Liability, Personal Accident, Workers Compensation Insurance and many other variations to serve individuals and businesses.
|Date Established||Dec 27, 2009|
|Listing Date||Feb 15, 2010|
|Paid-up Capital (SAR)||130,000,000|
|Shares Per Value||10|
P.O. Box 51855, Riyadh 11553, Kingdom of Saudi Arabia.
+966 1293 5264
+966 1217 2350
Gulf Insurance company, the major founder in Buruj had a 100% ownership in Saudi Pearl Insurance Company in Bahrain and had enjoyed underwriting insurance business in Saudi Arabia since 1979. With the passage of the new insurance regulations, Saudi Pearl could no longer continue writing business in the Kingdom and Gulf Insurance company approached several corporate and individual investors in Saudi Arabia and Bahrain to form Buruj cooperative insurance company. Buruj non-life insurer was set up under the Saudi Arabian Monetary Agency (SAMA) Executive List No. M-32 dated 02/06/1424 H (dated 01/08/2003) and incorporated in Saudi Arabia with a paid-up capital of SR.130,000,000.00, its Head Office is in Riyadh.
|Mr. Yaser Yousef Naghi||Chairman|
|Mr. Khalid Saud Al Hasan||Managing Director|
|Mr. Rafat A. Al Salamony||Board of Directors|
|Mr. Ibrahim Mohammed Battarjee||Board of Directors|
|Dr. Adel Ali Al Sayed||Board of Directors|
|Mr. Ziad Bassam M. Al Bassam||Board of Directors|
|Mr. Abdulaziz F. Al Rashed||Board of Directors|