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Syrian Kuwaiti Insurance (Closed Shareholding Company) (Syria)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Syrian Kuwaiti Insurance (Closed Shareholding Company) 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

Syrian Kuwaiti Insurance Company is a Syrian joint stock company established on February 6, 2006; following the ministerial decree number 13 and received its operating license number 44/100 from the Syrian Insurance Supervisory Commission in October 10, 2006. The Company started its operation that same year with an authorized and fully paid up capital of SYP 850 Million. SKIC is a member of the Gulf Insurance Company of Kuwait (GIC) that provides support and guidance to its affiliate in Syria as well as the necessary training to its staff. SKIC is headquartered in Damascus with branches in Aleppo, Homs, Lattakia and Tartous. It provides through these offices the best possible insurance service to its ever increasing customer base that has entrusted the Company with over 1,000,000 insurance policies.

Headquarters
Al-Mazzeh - April 7Th Street, Next To The President Hafez Al-Assad Mosque, Po.Box 5778
Damascus; Damascus Governorate‎;

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Website: http://www.skicins.com

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2006
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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Chief Executive Officer
Ownership Details
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10%
Company Performance
Financial values in the chart are available after Syrian Kuwaiti Insurance (Closed Shareholding Company) report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency SYP. Absolute financial data is included in the purchased report.
Net insurance premium revenue
85.03%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
1825.14%
Total assets
206.38%
Investments
404.1%
Receivables
285.33%
Total equity
227.56%
Net Premiums Earned Trend
9.29%
Net Profit Trend
N/A
Return on Equity (ROE)
53.69%
Loss Ratio
25.62%
Underwriting Expenses Ratio
13.27%

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