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Solidarity Alliance Insurance Shareholding Company (Syria)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Property and Casualty Insurance Carriers
Full name: Solidarity Alliance Insurance Shareholding Company Profile Updated: November 21, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Solidarity Alliance Insurance Company was founded in 2006 and received the approval to start conducting business in 2008; with a fully Paid Capital of SYP 1 billion. It was established by virtue of the Prime Minister’s Decree No. 54, on 25th of June 2006 and it was approved by the Syrian Insurance Supervisory Commission’s Decree No. 141/100 on 13th February 2008. Solidarity Provides it's Insurance products through the head office in Damascus, and other branches in Aleppo, Homs, Tartous, Lattakia and a point of sale located in the Industrial Area of Hessia.

Headquarters
Al-Muhajireen / Nazim Pasha Street, In Front Of The Old Republican Palace, P.O Box 33956
Damascus; Damascus Governorate‎;

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Website: http://www.solidarity-sy.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:
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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Director / Member of the Management Board
Ownership Details
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20%
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10%
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5%
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5%
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2.5%
Company Performance
Financial values in the chart are available after Solidarity Alliance Insurance 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
117.73%
Operating profit (EBIT)
-1555.26%
Net Profit (Loss) for the Period
969.53%
Total assets
121.23%
Investments
106.19%
Receivables
72.35%
Total equity
145.96%
Net Premiums Earned Trend
16.21%
Net Profit Trend
N/A
Return on Equity (ROE)
45.69%
Loss Ratio
-18.85%
Underwriting Expenses Ratio
-5.93%

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