Allied Cooperative Insurance Group (8150.SR) SAU

9.75

-0.15(-1.52%)

Updated at September 11 03:17PM

Currency In SAR

Allied Cooperative Insurance Group

Address

Prince Turki bin Abdulaziz first road

Riyadh, Riyadh Province 11511

Saudi Arabia

Phone

966 92 001 2331

Sector

Financial Services

Industry

Insurance - Diversified

Employees

258

First IPO Date

March 04, 2010

Key Executives

NameTitlePayYear Born
Mr. Mohammed Abdullah Al-GadhiChief Executive Officer0N/A
Mr. Mohammed Bin Abdullah Al-QadiHead of Operations & Technical Affairs0N/A
Majid Al-ShoudaryChief of Information Security0N/A
Mr. Hassan Awadh Al-HazmiExecutive Vice President of Marketing & Sales0N/A
Mr. Hatem Mohammed Al-WabelPresident of the Internal Auditing Department0N/A
Mr. Ali Bin Yahya Al-JaafariMD & Director0N/A
Tawfeeg Ali Abdullah AlkulliExecutive Vice President for Finance & Investment0N/A

Description

Allied Cooperative Insurance Group engages in cooperative insurance operations and related activities in the Kingdom of Saudi Arabia. The company operates in four segments: Motor Insurance, Medical Insurance, General Accident Insurance, and Others. It provides motor comprehensive and third-party liability, medical, travel, home, shop, and visitor insurance products; general accident insurance products, such as money, fidelity guarantee, business all risk, business travel, and exhibition insurance; and liability insurance products, such as general third-party liability, product liability, workmen's compensation/employer's liability, and professional indemnity. The company also offers engineering insurance products comprising deterioration of stocks, machinery breakdown, electronic equipment, contractor's all risks, erection all risks, and loss of profit following machinery breakdown; and property all risks and fire insurance policies. In addition, it offers medical malpractice, personal accident, and medical and marine insurance products. The company was incorporated in 2006 and is based in Jeddah, the Kingdom of Saudi Arabia.