Arabia Insurance Cooperative Company - Company Profile
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Arabia Insurance Cooperative Company (Arabia Insurance) is a multi-line insurance company. The company offers a wide range of life and non-life insurance products. It offers insurance products for property, motor, marine, general accidents, and health. It also offers contractors all risks insurance, erection all risks insurance, machinery breakdown insurance, boiler and pressure vessel insurance, protection and saving plans, and claims services. Through these products and services, the company caters to both individuals and corporate clients. The company operates through its branches in Jeddah, Makkah, Taif, Khamis Mushait, Dammam, Khobar, and Houfuf. Arabia Insurance is headquartered in Riyadh, Saudi Arabia.
Arabia Insurance Cooperative Company premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Property Insurance | Claims Settlement |
| Engineering Insurance | Underwriting |
| Accident and Liability Insurance | Customer Support |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In June, the company entered into an agreement to merge with United Cooperative Assurance Company, a cooperative insurance company. |
| 2021 | Regulatory Approval | In December, the company announced received SAMA's approval on its two products related to corporate Business. |
| 2021 | Contracts/Agreements | In March, the company entered into a contract with Aljomaih Group of Companies to offer motor and general insurance. |
Competitor Comparison
| Key Parameters | Arabia Insurance Cooperative Company | The Mediterranean and Gulf Cooperative Insurance and Reinsurance Co | Arabian Shield Cooperative Insurance Co | Gulf Insurance Group | Allied Cooperative Insurance Group |
|---|---|---|---|---|---|
| Headquarters | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia |
| City | Riyadh | Riyadh | Riyadh | Riyadh | Riyadh |
| State/Province | - | Riyadh | Riyadh | Riyadh | - |
| No. of Employees | - | - | - | 4,100 | - |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ziad Muhammad Al-Rubaish | Chief Executive Officer | Senior Management | 2020 | - |
| Adel Basheer AlBayedh | Chief Financial Officer | Senior Management | 2022 | - |
| Abdulaziz Saleh Aloamir | Chairman | Non Executive Board | 2023 | - |
| Nadine Hassan El Habbal | Director | Non Executive Board | 2023 | - |
| Abdullah Saeed Bin Saeed | Director | Non Executive Board | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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