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.
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.
|Date Established||Aug 20, 2007|
|Paid-up Capital (SAR)||100,000,000|
|Shares Per Value||10|
Platinum Center Al -sitten St.,P.O.Box: 58073, Riyadh 11594, Kindgom of Saudi Arabia
+966 011 8749666
+966 011 4751197
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.
|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|