Brief of Insurance companies in Saudi Arabia
Al Alamiya
Al Alamiya for Cooperative Insurance Company is a Saudi joint stock
company.
The Company 's founding shareholders include Royal & SunAlliance Insurance (Middle East) Limited E.C., Riyad Bank (19.92%), and a group of reputable Saudi investors (0.01%). The remaining 30% of the Company's capital is held by the Saudi public
The Company 's founding shareholders include Royal & SunAlliance Insurance (Middle East) Limited E.C., Riyad Bank (19.92%), and a group of reputable Saudi investors (0.01%). The remaining 30% of the Company's capital is held by the Saudi public
Al Sagr Cooperative is one of the companies who in
registered as a public cooperative insurance in the Kingdom of Saudi Arabia as stipulated by the Royal Decree.
They are a fully licensed public company transacting many types of insurance business and are sharing with Al Sagr Cooperative peers the thrill of implementing regulations in the Saudi Insurance Market applying to its players, as well as the witnessing of the birth of a regulated Saudi Insurance Industry. It started in the KSA, in 1983, as a branch office for a Dubai based insurance company, today Al Sagr Cooperative Insurance Company is a public Saudi shareholding company with a paid up capital of SR 200 million
They are a fully licensed public company transacting many types of insurance business and are sharing with Al Sagr Cooperative peers the thrill of implementing regulations in the Saudi Insurance Market applying to its players, as well as the witnessing of the birth of a regulated Saudi Insurance Industry. It started in the KSA, in 1983, as a branch office for a Dubai based insurance company, today Al Sagr Cooperative Insurance Company is a public Saudi shareholding company with a paid up capital of SR 200 million
Al Ahlia for Cooperative Insurance Company
Al-Ahlia for Cooperative Insurance Company founded in 2007G. , as a
Public Shareholding Saudi Company with a capital of SR 100.000.000 pursuant to the commercial
register No.1010238441, in accordance with principal of the Cooperative
Insurance regulations, and Act of the insurance companies supervision in the
Kingdom of Saudi Arabia.
The Company’s Head Office is in Riyadh City , The Kingdom of Saudi Arabia, with a team work has within more than two hundred fifty of so qualified professionals, this team work, through the Head Office or the other branches of the company all over the Kingdom, prepares and designs programs of the insurance in view of the customers’ trends and requests and provides the professional insurance consultancy, as well as the diverse Insurance services, as per the world-class standards. Credibility of Al-Ahlia has gained confidence of large numbers of customers, senior businessmen and leading investors in the Kingdom.
The Company’s Head Office is in Riyadh City , The Kingdom of Saudi Arabia, with a team work has within more than two hundred fifty of so qualified professionals, this team work, through the Head Office or the other branches of the company all over the Kingdom, prepares and designs programs of the insurance in view of the customers’ trends and requests and provides the professional insurance consultancy, as well as the diverse Insurance services, as per the world-class standards. Credibility of Al-Ahlia has gained confidence of large numbers of customers, senior businessmen and leading investors in the Kingdom.
Arabian Shield Cooperative Insurance CompanyThe Company's activity goes back to the beginning of 1998 when the
company entered the Saudi market as a Bahraini Company working through local
agent.
After the issuance of Insurance Regulations in the Kingdom, the company obtained a license as a Saudi Public Joint Stock Company with the Arabian Shield Bahrain CO. EC holding 30% of its shares. Bahrain National Holding Co. holding 15%. Other 15% owned by Saudi Companies & Businessmen, and remaining 40% owned by shareholders through IPO. The Company has completed its licensing procedures & obtained final license from SAMA on 11/09/2007 to transact general and medical Ins. The company started its operations in the kingdom of Saudi Arabia as a Saudi joint stock company on 1/1/2009.
After the issuance of Insurance Regulations in the Kingdom, the company obtained a license as a Saudi Public Joint Stock Company with the Arabian Shield Bahrain CO. EC holding 30% of its shares. Bahrain National Holding Co. holding 15%. Other 15% owned by Saudi Companies & Businessmen, and remaining 40% owned by shareholders through IPO. The Company has completed its licensing procedures & obtained final license from SAMA on 11/09/2007 to transact general and medical Ins. The company started its operations in the kingdom of Saudi Arabia as a Saudi joint stock company on 1/1/2009.
Alinma Tokio Marine company (ATMC) is a local registered company and
was granted license by a Royal Decree to transact all types of insurance business.
Alinma Tokio Marine company is a Joint Stock with Alinma Bank, SABIC Industrial Investment, Saudi Trading and Distribution Establishment and with other local & well-known conglomerates.ATMC, an affiliate of Tokio Marine & Nichido Fire Insurance Co. Limited (TMNF) of Japan which is one of the largest insurance companies in the world, was inaugurated as a controlling company for the Kingdom of Saudi Arabia. Tokio Marine Group is an international general insurance group with operations situated in most various parts in the world. For more than a century (first established in 1879), Tokio Marine Group is Japan’s oldest and largest non-life insurance company operating in over 38 countries. In February 2012, Standard & Poor’s has raised its financial strength and the insurance tycoon has been granted a rating of AA-.
Alinma Tokio Marine company is a Joint Stock with Alinma Bank, SABIC Industrial Investment, Saudi Trading and Distribution Establishment and with other local & well-known conglomerates.ATMC, an affiliate of Tokio Marine & Nichido Fire Insurance Co. Limited (TMNF) of Japan which is one of the largest insurance companies in the world, was inaugurated as a controlling company for the Kingdom of Saudi Arabia. Tokio Marine Group is an international general insurance group with operations situated in most various parts in the world. For more than a century (first established in 1879), Tokio Marine Group is Japan’s oldest and largest non-life insurance company operating in over 38 countries. In February 2012, Standard & Poor’s has raised its financial strength and the insurance tycoon has been granted a rating of AA-.
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