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عربي

Arabia Insurance Cooperative Company

   (8160.SSE)
Also known as: AICC, Arabia Insurance
Last Trade
29.30SAR
+ 0.69%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Updated: Oct 31, 2011
 
 
 
Country

Saudi Arabia

Ownership Type
Company Type
Joint Stock
 
 
 
 
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)
 
Branches
Saudi Arabia (10)    
 
Stock Market Listing
Exchange Symbol ID Stock Type Currency
Saudi SE  8160 8160.SSE Ordinary SAR
 
 
Contact Details
Address:
Bin Tami Center
1st Floor
King Abdulaziz Road
Al Wouroud Area
P.O. Box 286555
Riyadh  11323
Saudi Arabia
 
Tel:
+966 1-215-3360
 
Fax:
+966 1-215-3197
 
Email:
info@aicc.com.sa
 
Website:
www.aicc.com.sa
 
Related Links:
www.nisc.com.sa

 
 
 IPO Details
Listing Date:
04Feb08
Size of Offering:
$21.40M
Equity Offering:
40%
Lead
Managers:
Arab National Bank
 
 
 Major Shareholders  Section Updated: 31Oct11
Name   Type  Country  Holding 
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
Owned Permitted
100%
GCC Nationals
 
49%
Foreigners
 
 
 
 Direct Investments and Related Entities 
Investments
Name  Country  Holding 
Najm Company for Insurance Services Saudi Arabia -
 
 
 Representatives
Auditors
Deloitte and Touche Bakr Abulkhair and Company Al Bassam Certified Public Accoutants and Consultants
Banks
SABB Arab National Bank
 
 
 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
 
 
 
 
 
 
 

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