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Buruj Cooperative Insurance Company JSC (Saudi Arabia)

Main Activities: Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Buruj 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

Buruj Cooperative Insurance Company is a Saudi Joint Stock company and was established in accordance with Council of Ministers Resolution No. 313 in 28/10/2008 and Royal Decree No.72 in 29/10/2008. Buruj's insurance experience in the market goes back to 1979 when it was operating through a local agent under the name of Saudi Pearl Insurance Company (registered in Bahrain). After the issuance of Insurance Regulations in the Kingdom, Saudi Pearl and its owner Gulf Insurance Co. in Kuwait along with other major business groups and Saudi businessmen established the Buruj Cooperative Insurance Company. Buruj Cooperative Insurance is part of the Gulf Insurance Group in Kuwait which in turn is regionally present in Bahrain, Egypt, Lebanon, Syria, and Jordan.

Headquarters
Al Thomamah Road, An Nada Distrect, P.O. Box 51855
Riyadh; Al-Riyadh; Postal Code: 11553

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Website: http://www.burujinsurance.com

Basic Information
Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
October 28, 2008
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 Financial Officer
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Outside Director
Ownership Details
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11.5%
Subsidiaries
United Yousef M. Naghi Co. Ltd.
5%
Company Performance
Financial values in the chart are available after Buruj 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
-5.67%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
N/A
Total assets
2.41%
Investments
-23.24%
Total equity
11.71%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
N/A
Loss Ratio
6.04%
Underwriting Expenses Ratio
-7.44%

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