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Al-Ahlia For Cooperative Insurance JSC (Saudi Arabia)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Al-Ahlia For Cooperative Insurance JSC Profile Updated: October 31, 2021
Buy our report for this company USD 19.99 Most recent financial data: 2019 Available in: English Download a sample report

Al Ahlia Insurance Company for Cooperative Insurance was established in Saudi Arabia to provide insurance services to all clients. Al-Ahlia is shared in by a number of Saudi Businessmen in addition to Massaq Internation Group. National Insurance Company of Egypt (NICE), the insurance company of Arab World Established 1900 AD is also taking a share in Al Ahlia as a principal and technial shareholder. Al Ahlia applies the Cooperative insurance principles, so a part of its profits may be refunded to its clients according to its internal rules.
Its operation in Saudi Arabia came to existence as result of the support given by National Insurance Company of Egypt (Parent Company).
The company's shares were offered to the public in Tadawul market on 6/10/2007

Legal Address
Al Yarmook-Al Hila St,P.O. Box 939
Riyadh; Al-Riyadh; Postal Code: 11312

Contact Details: Purchase the Al-Ahlia For Cooperative Insurance JSC report to view the information.

Website: http://www.alahlia.com.sa

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2007
Key Executives
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Director / Member of the Management Board
Ownership Details
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5.62%
Subsidiaries
Najm for Insurance Services
Company Performance
Financial values in the chart are available after Al-Ahlia For Cooperative Insurance JSC report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency SAR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
7.49%
Operating profit (EBIT)
88.54%
Net Profit (Loss) for the Period
82.62%
Total assets
-6.62%
Investments
-9.25%
Receivables
-5.8%
Total equity
-25.36%
Net Premiums Earned Trend
4.39%
Net Profit Trend
188.9%
Return on Equity (ROE)
21.02%
Loss Ratio
8.86%
Underwriting Expenses Ratio
-8.43%

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