Principal Activities
Provides Islamic non-life insurance services; life insurance services; Islamic reinsurance services.
Date of Establishment Year
2007 (December)
No of Employees
200 Company, N/A Group (As of Oct 28, 2011)
|
Listing Date:
04Feb08
Size of Offering:
$21.40M
Equity Offering:
40%
Lead
Managers:
Arab National Bank
|
Major Shareholders  |
Section Updated: 31Oct11
|
|
|
|
|
|
|
Arabia Insurance Company [via Arabia Holding Company]
|
Corporate |
Lebanon |
19.20% |
|
Jordan Insurance Company
|
Corporate |
Jordan |
12.20% |
|
Arab Supply and Trading Corporation
|
Corporate |
Saudi Arabia |
5.00% |
|
Zahid Group Holding Company
|
Corporate |
Saudi Arabia |
- |
|
Modern Company for Commercial and Industrial Investment Holding
|
Corporate |
Saudi Arabia |
- |
|
Almutlaq Group
|
Corporate |
Saudi Arabia |
- |
|
Alhamrani United Company
|
Corporate |
Saudi Arabia |
- |
|
Sanad Investment Company
|
Corporate |
Saudi Arabia |
- |
|
Saudi Brothers Commercial Company
|
Corporate |
Saudi Arabia |
- |
|
Nafez Saleh Audah Moustafa
|
Private |
Saudi Arabia |
- |
|
Al Sameh Trading Company
|
Corporate |
Saudi Arabia |
- |
|
Dr Saleh Abdulaziz Al Omeir
|
Private |
Saudi Arabia |
- |
|
Mohammed Najr Al Oteibi
|
Private |
Saudi Arabia |
- |
|
Lama Ismael Abu Khadra
|
Private |
Saudi Arabia |
- |
|
Abdulhadi A Al Qahtani Sons Group
|
Corporate |
Saudi Arabia |
- |
|
Public
|
|
- |
63.60% |
Note: Zahid Group Holding Company, Modern Company for Commercial and Industrial Investment Holding, Almutlaq Group, Alhamrani United Company, Saudi Brothers Commercial Company, Nafez Saleh Audah Moustafa, Dr Saleh Abdulaziz Al Omeir, Mohammed Najr Al Oteibi, Lama Ismael Abu Khadra, Abdulhadi A Al Qahtani Sons Group, Sanad Investment Company and Al Sameh Trading Company's shareholding is part of the public stake.
Foreign Ownership Limits
Section Updated: 29Dec09
100%
GCC Nationals
49%
Foreigners
|
| Direct Investments and Related Entities |
| Investments |
|
|
|
|
| Najm Company for Insurance Services |
Saudi Arabia |
- |
|
Auditors
| Deloitte and Touche Bakr Abulkhair and Company |
Al Bassam Certified Public Accoutants and Consultants |
Banks
| Financial Results |
31-Dec-10 |
31-Dec-11 |
Yr on Yr |
| |
SAR'000 |
SAR'000 |
change (%) |
Net profit  |
(12,227)
|
17,290
|
241.41 |
| Total assets |
196,439
|
1,162,183
|
491.63 |
| Paid-up capital |
200,000
|
200,000
|
0.00 |
| Shareholders' Equity |
142,357
|
173,800
|
22.09 |
| Shares outstanding |
20,000
|
20,000
|
0.00 |
| Market capitalization |
380,000
|
449,000
|
18.16 |
| » View Full Financials |
|
+ 0.69%
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