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Muscat Insurance Company Saog (Public Joint Stock Company) (Oman)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Muscat Insurance Company Saog (Public Joint Stock Company) Profile Updated: January 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Muscat Insurance Company SAOG is a leading insurance provider in the Sultanate of Oman. Founded in 1995 by H.E. Dr. Omar bin Abdul Muniem Al Zawawi, the company offers a wide range of insurance products and services to corporate, SME, and individual customers. With over 170 employees and 22 branches across the nation, Muscat Insurance Company SAOG is one of the largest players in the country. The company is committed to promoting Omanisation within its workforce, with over 78 percent of its employees being Omani nationals. Formerly known as Muscat National Holding Company SAOG, the company underwent a restructuring in September 2017, merging its subsidiaries Muscat Insurance Company SAOC and Muscat Life Assurance Company SAOC into the parent company. Muscat Insurance Company SAOG operates as a composite insurance company, offering both general and life insurance services. The company is headquartered in Muscat, the capital city of Oman.

Headquarters
Way No. 3341, Bldg. No 2375 Block No - 3/1/1Al Khuwair Bowshar Wilayat, P.O.Box: 72,Bldg. No 2375
Ruwi; Musqat; Postal Code: 112

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Website: http://www.muscatinsurance.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1995
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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General Manager
Ownership Details
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19.98%
Company Performance
Financial values in the chart are available after Muscat Insurance Company Saog (Public Joint Stock Company) 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
66.01%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
N/A
Total assets
7.02%
Investments
128.04%
Total equity
-2.36%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
N/A
Loss Ratio
-60.5%
Underwriting Expenses Ratio
-114.79%

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