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Al Sagr Co-Operative Insurance Company JSC (Saudi Arabia)

Main Activities: Direct Health and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Al Sagr Co-Operative Insurance Company JSC Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Al Sagr Company for Cooperative Insurance ( S C C I ) has been licensed in the Kingdom of Saudi Arabia by the promulgation of Royal Decree No. M/11 dated 16/02/1428 (H) from His Majesty King Abdallah bin Abdulaziz Al-Saud to transact all types of insurance business in the Kingdom of Saudi Arabia.
Al Sagr was operating its insurance business in the Kingdom of Saudi Arabia since 1983 as a branch to Al Sagr National Insurance Co., Dubai, till it was agreed between Al Sagr National Insurance Co., and the prominent Saudi Business Groups to establish Al Sagr Saudi Insurance Company during December 1998 and was operating under this banner till the above Royal Decree. Al Sagr Company for Cooperative Insurance operates through its headquarters in Al Khobar. Today Al Sagr Cooperative Insurance Company is a public Saudi shareholding company with a paid up capital of SR 200 million.
Al Sagr Company for Cooperative Insurance is a provider of life and non-life insurance and reinsurance products and services.
Its insurance solutions are divided into five segments: fire and general accident, which offers property, engineering, liability and miscellaneous insurance; marine, which offers marine cargo and marine hull insurance; motor, which offers loss, damage and third party (comprehensive), and third party liability insurance; life, and medical insurance.

Headquarters
First Floor, Abdul Rahman Al Turki Building, King Khalid Street, Mohammed Bin Saud District, P.O Box 3501
Dammam; Eastern Province; Postal Code: 32241

Contact Details: Purchase the Al Sagr Co-Operative Insurance Company JSC report to view the information.

Website: http://www.alsagr.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
2008
Key Executives
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Financial Officer
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Outside Director
Ownership Details
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26%
Company Performance
Financial values in the chart are available after Al Sagr Co-Operative Insurance Company 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
10.04%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
N/A
Total assets
-18.02%
Investments
56.31%
Total equity
44.23%
Net Premiums Earned Trend
-30.79%
Net Profit Trend
N/A
Return on Equity (ROE)
N/A
Loss Ratio
16.07%
Underwriting Expenses Ratio
-6.63%

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