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عربي

Saudi United Cooperative Insurance Company

   (8060.SSE)
Also known as: Walaa
Last Trade
24.95SAR
- 0.60%
 
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Updated: Mar 16, 2011
 
 
 
Country

Saudi Arabia

Ownership Type
Publicly Listed
Company Type
Joint Stock
 
 
 
  
Zawya Industry Classifications (ZIC)
Sector Industry

Financial Services
 
Principal Activities
Provides non-life insurance services; reinsurance services, all according to the Islamic principles.
 
Date of Establishment Year
2007 (July)
 
No of Employees
140 Company, 104 Headquarters (As of Mar 14, 2011)
 
Branches
Saudi Arabia (4)    
 
Stock Market Listing
Exchange Symbol ID Stock Type Currency
Saudi SE  8060 8060.SSE Ordinary SAR
 
 
Contact Details
Address:
Rabiah and Nasser Building
2nd Floor
Dhahran Street
P.O. Box 31616
Al Khobar 31952
Al Sharqiyah
Saudi Arabia
 
Tel:
+966 3-865-2200
 
Fax:
+966 3-865-2255
 
Email:
walaa@walaa.com
 
Website:
www.walaa.com

 
 
 IPO Details
Listing Date:
17Jul07
Size of Offering:
$21.34M
Equity Offering:
40%
Lead
Managers:
Banque Saudi Fransi
 
 
 Major Shareholders  Section Updated: 23Sep11
Name   Type  Country  Holding 
International General Insurance Holdings  Corporate UAE 10.50% 
Other investors   - 49.50% 
Public   - 40.00% 
 
 
 Foreign Ownership Limits
Section Updated: 30Dec09
Owned Permitted
100%
GCC Nationals
 
49%
Foreigners
 
 
 
 Representatives
Auditors
Deloitte and Touche Bakr Abulkhair and Company Ernst and Young Al Khobar
Banks
National Commercial Bank The Saudi Investment Bank
SABB Samba Financial Group
Law Firms
Jamal Mosein Law Firm  
 
 
 Financial Results  31-Dec-10  31-Dec-11   Yr on Yr 
  SAR'000 SAR'000 change (%)
Net profit  (4,976) 4,578 192.01
Total assets 368,922 471,900 27.91
Paid-up capital 200,000 200,000 0.00
Shareholders' Equity 151,563 154,486 1.93
Shares outstanding 20,000 20,000 0.00
Market capitalization 343,000 363,000 5.83
» View Full Financials
 
 
 
 
 
 

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Company information provided by © 2012 Zawya.

Zawya's analysts update company information from primary sources (company annual reports, press releases, company websites, corporate briefings, official statements/interviews) and reliable secondary sources (stock markets, reliable third party publications).

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