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Arabia Falcon Insurance Saog (Oman)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Arabia Falcon Insurance Saog Profile Updated: January 31, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Arabia Falcon Insurance, formerly Falcon Insurance Company, was incorporated on 29th June 2005 as a closely held Omani joint stock company in the Sultane of Oman and is primarily engaged in the underwriting of general insurance business within the Sultane of Oman. In 2017 the company acquired the business, assets and liabilities of Oman branches of Arabia Insurance Company. Subsequent to this acquisition, the name of the company has been changed to Arabia Falcon Insurance.

Headquarters
Landmark Building Ground Floor, P.O. Box 2279, Sultanate Of Oman
Ruwi; Musqat; Postal Code: 112

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Website: http://www.afic.om

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2005
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Chief Executive Officer
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Chief Financial Officer
Ownership Details
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5.81%
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2.9%
Company Performance
Financial values in the chart are available after Arabia Falcon Insurance Saog report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency OMR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
24.36%
Operating profit (EBIT)
-19.16%
Net Profit (Loss) for the Period
32.61%
Total assets
-27.62%
Total equity
4.76%
Net Premiums Earned Trend
7.78%
Net Profit Trend
N/A
Return on Equity (ROE)
0.96%
Loss Ratio
-58.97%
Underwriting Expenses Ratio
-79.63%

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