Principal Activities
Provides non-life insurance; reinsurance services all according to the Islamic principles.
Date of Establishment Year
2008 (February)
No of Employees
175 Company, N/A Headquarters (As of May 25, 2011)
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Address:
Nasser Al Hajiri Tower 8th Floor Al Khobar - Al Dammam Highway P.O. Box 1022 Al Khobar 31952 Al Sharqiyah Saudi Arabia Tel: +966 3-857-2222 Fax: +966 3-858-0056 Email:
info@tui-sa.com
Website:
www.tui-sa.com
Listing Date:
09Feb08
Size of Offering:
$28.09M
Equity Offering:
42%
Lead Managers:
NCB Capital
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Major Shareholders  |
Section Updated: 13Sep11
|
|
|
|
|
|
|
Trade Union Insurance Company
|
Corporate |
Bahrain |
22.36% |
|
Al-Ahleia Insurance Company
|
Corporate |
Kuwait |
10.00% |
|
Other investors
|
|
- |
25.64% |
|
Public
|
|
- |
42.00% |
Foreign Ownership Limits
Section Updated: 30Dec09
100%
GCC Nationals
49%
Foreigners
|
Direct Investments and Related Entities  |
| Investments |
|
|
|
|
| Najm for Insurance Services |
Saudi Arabia |
7.70% |
|
Auditors
| Deloitte and Touche Bakr Abulkhair and Company |
Al Bassam Certified Public Accoutants and Consultants |
Banks
| National Commercial Bank |
Arab Bank - Saudi Arabia |
| Banque Saudi Fransi |
|
| Financial Results |
31-Dec-10 |
31-Dec-11 |
Yr on Yr |
| |
SAR'000 |
SAR'000 |
change (%) |
Net profit  |
20,845
|
25,985
|
24.66 |
| Total assets |
859,683
|
962,412
|
11.95 |
| Paid-up capital |
250,000
|
250,000
|
0.00 |
| Shareholders' Equity |
276,421
|
294,394
|
6.50 |
| Shares outstanding |
25,000
|
25,000
|
0.00 |
| Market capitalization |
446,250
|
515,000
|
15.41 |
| » View Full Financials |
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