United Cooperative Assurance Co - Company Profile
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United Cooperative Assurance Co (UCA) is a general insurance company that offers a range of insurance products for medical, motor, aviation, trade credit, personal accident, marine cargo and hull, property, general accident, workmen's compensation, engineering, and energy. The company also offers contractors all risks insurance, contractor’s plant, and machinery insurance, erection all risks insurance, electronic equipment insurance, machinery breakdown insurance, fidelity guarantee insurance, money insurance, product liability insurance, and professional indemnity insurance. The company offers its products to both corporate and individual customers. It serves its customers through sales and regional offices located in Khobar and Jeddah. UCA is headquartered in Jeddah, Riyadh, Saudi Arabia.
Headquarters
Saudi Arabia
Address
1st & 4th Floors, Al Mukmal Tower, Rawdah Street, P.O.Box 5019 Al Khaledia District, Jeddah, Riyadh, 21422
Website
uca.com.sa
Telephone
966 1 22609200
Industry
Financial Services
Ticker Symbol & Exchange
8190 (SAU)
Revenue (2024)
$217.9M
21.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-384.5%
(2024 vs 2023)
Market Cap*
$35.7M
Net Profit Margin (2024)
XYZ
-332.9%
(2024 vs 2023)
* As of and is in US$
United Cooperative Assurance Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Aviation Insurance | Claim Settlement Services |
| Energy Insurance | |
| Trade Credit Insurance | |
| 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 Arabia Insurance Cooperative Company, a cooperative insurance company. |
| 2023 | Contracts/Agreements | In September, the company entered into an agreement with the Saudi BinLadin Group to extend engineering insurance coverage. |
| 2023 | Contracts/Agreements | In June, the company signed a merger agreement with Saudi Enaya Cooperative Insurance Company. |
Competitor Comparison
| Key Parameters | United Cooperative Assurance Co | Al-Rajhi Company for Cooperative Insurance | Walaa Cooperative Insurance Co | Al-Etihad Co-operative Insurance Co | Gulf Insurance Group |
|---|---|---|---|---|---|
| Headquarters | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia |
| City | Jeddah | Riyadh | Al-Khobar | Dhahran | Riyadh |
| State/Province | Riyadh | - | - | Eastern Province | Riyadh |
| No. of Employees | - | - | - | 141 | 4,100 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Khalid Hussein Ali Reza | Chairman | Executive Board | - | - |
| Khalid Ahmed Abdulaziz Al Hamdan | Deputy Chairman | Executive Board | - | - |
| Shaher bin Mahmoud Al-Madani | Chief Executive Officer | Senior Management | 2025 | - |
| Sultan Adel Sindi | Chief Financial Officer | Senior Management | 2024 | - |
| Shaher Mahmoud Hamzah Almadani | Chief Operating Officer | Senior Management | - | - |
| 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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