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Arabian Shield Cooperative Insurance Company JSC (Saudi Arabia)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Arabian Shield Cooperative 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

Arabian Shield Cooperative Insurance Company is a Saudi joint stock company founded in 2007. It is engaged in underwriting various types of insurance business based on the principles of cooperative insurance under the supervise of Saudi Arabian Monetary Agency (SAMA) - the principal agency responsible for the application and administration of the insurance act and its implementing. Arabian Shield Cooperative Insurance Company (ASCI) also engaged in the provision of cooperative insurance and reinsurance. The Company's activity goes back to the beginning of 1998 when the company entered the Saudi market as a Bahraini Company. The Company has completed its licensing procedures & obtained final license from SAMA on 11/09/2007 to transact general and medical insurances. The company started its operations in the kingdom of Saudi Arabia as a Saudi joint stock company on 01/01/2009.

Headquarters
5Th Floor, Cercon Building No. 15, Olaya Street, P.O Box 61352
Riyadh; Al-Riyadh; Postal Code: 11565

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Website: http://www.der3.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:
May 19, 2007
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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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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7.141%
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7.141%
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5.75%
Company Performance
Financial values in the chart are available after Arabian Shield Cooperative 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
18.78%
Operating profit (EBIT)
36.09%
Net Profit (Loss) for the Period
51.93%
Total assets
-6.45%
Investments
-61.58%
Total equity
11.12%
Net Premiums Earned Trend
-70.07%
Net Profit Trend
N/A
Return on Equity (ROE)
0.63%
Loss Ratio
-29.32%
Underwriting Expenses Ratio
-20.92%

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