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Allied Cooperative Insurance Group JSC (Saudi Arabia)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Allied Cooperative Insurance Group JSC Profile Updated: August 22, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Allied Cooperative insurance Group (ACIG) is a Saudi Joint Stock company established in accordance with a royal decree dated 18/9/1427H with a paid up capital of SR 1000,000,000.
ACIG enjoys the reputation of being one of the foremost Cooperative Insurance companies in the Kingdom of Saudi Arabia while firmly adhering to the principles and teachings of Islamic sharia
Islamic Development Bank (IDB) is one of the companies’ main shareholders. In addition to IDB, shareholders include prestigious Saudi financial firms. ACIG offers cooperative insurance services in compliance with Islamic teachings
ACIG provides marine cargo insurance for ordinary commodities, such as general merchandise, household goods and appliances, as well as for complex cargo, such as machinery and equipment for a construction project.

Headquarters
Hitteen District Unit No: 2171, Prince Turki Bin Abdul Aziz I Road, P.O.Box 40523
Riyadh; Al-Riyadh; Postal Code: 11511

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Website: http://www.acig.com.sa

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:
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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Chief Executive Officer
Ownership Details
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15%
Company Performance
Financial values in the chart are available after Allied Cooperative Insurance Group 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
2512.26%
Operating profit (EBIT)
374%
Net Profit (Loss) for the Period
76.58%
Total assets
14.33%
Investments
749.62%
Total equity
39.05%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
2.1%
Underwriting Expenses Ratio
-86.26%

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