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Al Madina Insurance Company Saog (Oman)

Main Activities: Direct Health and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Al Madina Insurance Company Saog Profile Updated: May 16, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Al Madina Insurance Company SAOG is a public joint stock company located in Muscat, Oman. It was incorporated on 15 May 2006 as a closed joint stock company and became a public joint stock company on 10 December 2013. The company operates in Oman and is engaged in the business of General and Family Takaful activities and investments. It follows the Islamic Shari'ah rules and principles by adopting wakala and mudaraba models respectively. The company offers retakaful/reinsurance activities on an underwriting year basis. It has 9 branches in the Sultanate of Oman.

Headquarters
Office No. 301/302, Bldg No. 6, 3Rd Floor, Grand Mall, Ghubra, P. O. Box 80, Grand Mall
Muscat; Musqat; Postal Code: 136

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Website: http://www.almadinatakaful.com

Basic Information
Total Employees:
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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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Chief Executive Officer
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Chief Financial Officer
Ownership Details
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25.86%
Company Performance
Financial values in the chart are available after Al Madina Insurance Company Saog report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency OMR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
25.51%
Operating profit (EBIT)
180.44%
Net Profit (Loss) for the Period
211.28%
Total assets
6.65%
Investments
0.34%
Receivables
36.05%
Total equity
-0.01%
Net Premiums Earned Trend
22.2%
Net Profit Trend
168.6%
Return on Equity (ROE)
5.78%
Loss Ratio
-4.22%
Underwriting Expenses Ratio
-4.25%

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