Profile: SAICO | Saudi Arabian Cooperative Insurance Company

SAUDI STOCK EXCHANGE (TADAWUL)Trading Hours: Sun - Thu 10:00 am-3:00 pm

Saudi Arabian Cooperative Insurance Company SAICO
SAICO 0.00%
Insurance 0.00%
TASI 0.00%
Last Value
% Change
Price in SAR Last Update : 21 Sep 2017 11:15 am (local time)


Corporate Details
Symbol SAICO
Exchange Saudi Arabia
Sector Insurance
Auditors PricewaterhouseCoopers
Company Description

Saudi Arabian Cooperative Insurance Company is engaged in the underwriting of all types of insurance services. It focuses mainly on the insurance services and requirements of the companies and factories, commercial enterprises, and the SME in the fields of sea shipment, fire, vehicles, house insurance, and medical insurance and personal accidents.

Company Activities

Saudi Arabian Cooperative Insurance Company offers various general insurance products and services such as property, engineering, marine cargo/hull, motor, liability, general accident, aviation liability, health, medical malpractice, group life, sea shipment, fire, and power insurance.

Equity Profile
Date Established Aug 20, 2007
Listing Date N/A
Paid-up Capital (SAR) 100,000,000
Outstanding Shares 10,000,000
Shares Per Value 10
Contact Information

Platinum Center Al -sitten St.,P.O.Box: 58073, Riyadh 11594, Kindgom of Saudi Arabia

+966 011 8749666

+966 011 4751197



Company History

SAICO is a Saudi joint stock company established in 2006 with a paid up capital of SR 100 million. In the year 2010 the company obtained SAMA's approval to market insurance products. The company's founders contributed a total nominal value of SR60 million (6 million shares) representing 60 percent of the company's capital, while the remaining 4 million shares with a nominal value of SR40 million were announced for initial public offering.

Board Members & Senior Management
HH Prince Ahmad K.A Al Saud Chairman
Mr. Hassan Ali CEO
Dr. George Shahin Medawar Board of Directors
Mr. Abdul MuhsinBakheet Mohammad Saeed Board of Directors
Mr. Abdullah Mohammad Abdullah Alkhanifer Board of Directors
Mr. Abdulaziz Ali Abussuud Board of Directors
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