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عربي

Allied Cooperative Insurance Group

   (8150.SSE)
Also known as: ACIG, Saudi ACIG
Last Trade
42.00SAR
+ 2.44%
 
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Updated: Nov 30, 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 insurance services.
 
Date of Establishment Year
2007 (July)
 
No of Employees
N/A (140 Company, N/A Group, N/A Headquarters) (As of Nov 28, 2011)
 
Important/Recent Developments
Operations started in July 2009.
 
Branches
Saudi Arabia (3)    
 
Stock Market Listing
Exchange Symbol ID Stock Type Currency
Saudi SE  8150 8150.SSE Ordinary SAR
 
 
Contact Details
Address:
Al Jamjoom Center
Tower Number 1
12th Floor
Palestine Street
Al Hamra Area
P.O. Box 7076
Jeddah 21462
Makkah
Saudi Arabia
 
Tel:
+966 2-663-3222
 
Fax:
+966 2-661-7421
+966 2-661-7430
 
Email:
csc@acig.com.sa
 
Website:
www.acig.com.sa
 
Related Links:
www.nisc.com.sa

 
 
 IPO Details
Listing Date:
27Aug07
Size of Offering:
$10.67M
Equity Offering:
40%
Lead
Managers:
NCB Capital
 
 
 Major Shareholders  Section Updated: 30Nov11
Name   Type  Country  Holding 
Allied Cooperative Insurance Group - Bahrain  Corporate Bahrain 20.00% 
Islamic Development Bank  Government Saudi Arabia 20.00% 
Other investors   - 20.00% 
Public   - 40.00% 
 
 
 Foreign Ownership Limits
Section Updated: 29Dec09
Owned Permitted
100%
GCC Nationals
 
49%
Foreigners
 
 
 
 Direct Investments and Related Entities 
Investments
Name  Country  Holding 
Najem Insurance Company Saudi Arabia 7.69%
 
 
 Representatives
Auditors
KPMG Al Fozan and Al Sadhan Al Dar Audit Bureau (Abdullah Al Basri and Company)
Banks
Riyad Bank National Commercial Bank
Al Rajhi Bank  
 
 
 Financial Results  31-Dec-10  31-Dec-11   Yr on Yr 
  SAR'000 SAR'000 change (%)
Net profit  (19,634) (1,668) 91.50
Total assets 142,030 136,595 (3.83)
Paid-up capital 100,000 100,000 0.00
Shareholders' Equity 29,556 27,353 (7.45)
Shares outstanding 10,000 10,000 0.00
Market capitalization 343,000 398,000 16.03
» View Full Financials
 
 
 
 
 
 

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