LoadingLoading ...

عربي

Al Sagr Cooperative Insurance Company

   (8180.SSE)
Also known as: Al Sagr Cooperative, SCCI
Last Trade
32.30SAR
+ 3.53%
 
Quote
 
Profile
 
Officers
 
News
 
Research
 
Disclosures
 
Financials
 
Charts
 
Chart Data
 
 
 
 
Open in a new Browser
 
Updated: Feb 28, 2011
 
 
 
Country

Saudi Arabia

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

Financial Services
 
Principal Activities
Provides Islamic non-life and conventional life insurance services; Islamic reinsurance services.
 
Date of Establishment Year
2008 (February)
 
No of Employees
N/A (110 Company, N/A Group, N/A Headquarters) (As of Feb 27, 2011)
 
Branches
Saudi Arabia (10)    
 
Stock Market Listing
Exchange Symbol ID Stock Type Currency
Saudi SE  8180 8180.SSE Ordinary SAR
 
 
Contact Details
Address:
Atco Building
1st Floor
King Khaled Street
P.O. Box 3501
Dammam  
Al Sharqiyah
Saudi Arabia
 
Tel:
+966 3-830-2294
 
Fax:
+966 3-830-2296
 
Website:
www.alsagr.com
 
Related Links:
www.saudi-medicare.com

 
 
 IPO Details
Listing Date:
10Feb08
Size of Offering:
$22.47M
Equity Offering:
42%
Lead
Managers:
Riyad Bank
 
 
 M&A Details
 
Acquistion
 
Status
Complete
 
Acquirer
 
Target
 
Announcement Date
23 Mar 2010
 
Closing Date
23 Mar 2010
 
 
 Major Shareholders  Section Updated: 12Sep11
Name   Type  Country  Holding 
Al Sagr National Insurance Company  Corporate UAE 26.00% 
Abdullah Rashid Al Rashid and Sons Company  Corporate Saudi Arabia 5.00% 
Redland Industrial Services (Arabia)  Corporate Saudi Arabia 5.00% 
Abdulrahman Al Turki Corporation for Trading and Contracting  Corporate Saudi Arabia -
Public   - 64.00% 
 Note: Abdulrahman Al Turki Corporation for Trading and Contracting' shareholdings are part of the public stake.
 
 
 Foreign Ownership Limits
Section Updated: 30Dec09
Owned Permitted
100%
GCC Nationals
 
49%
Foreigners
 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
Saudi Medicare Saudi Arabia 40.00%
Investments
Name  Country  Holding 
Najm Company for Insurance Services Saudi Arabia -
 
 
 Representatives
Auditors
Deloitte and Touche Bakr Abulkhair and Company RSM Middle East
Banks
Saudi Hollandi Bank Riyad Bank
Banque Saudi Fransi  
Law Firms
Al Rowaished and Al Assaf Law Firm  
 
 
 Financial Results  31-Dec-10  31-Dec-11   Yr on Yr 
  SAR'000 SAR'000 change (%)
Net profit  19,978 32,029 60.32
Total assets 522,204 574,670 10.05
Paid-up capital 200,000 200,000 0.00
Shareholders' Equity 222,893 254,922 14.37
Shares outstanding 20,000 20,000 0.00
Market capitalization 397,000 478,000 20.40
» View Full Financials
 
 
 
 
 
 

Share this Company Profile

 
 

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).

Our researchers then validate this information and source further information by contacting the companies directly.

 
About Zawya Join the team Advertise on Zawya Membership Solutions Sitemap Contact Us
Copyright © 2012 Zawya. All right reserved. Terms & Conditions. Quote data provided by © TickerChart
This site works best with Internet Explorer 7+, Mozilla Firefox 5.0+ and the latest versions of Google Chrome, Opera & Apple Safari