Alalamiya Cooperative Insurance Co. - ALALAMIYA

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53.75 -1.25(-2.28%)
Last Update 20/05/2013 17:15 AST
Stock Market: Saudi Stock Exchange
Official Sector: Insurance
Market Cap Size: Micro Cap
Gulfbase Sector: Insurance

Company Overview

Establishment Date: 06/01/2009
Paidup capital: SAR 200,000,000
Par value per share: SAR 10.00
Outstanding Shares ('000): 20,000
Major Shareholders
  • Royal & Sun Alliance Insurance (ME) 50.00%
  • Riyad Bank 19.90%

Activity:


Alalamiya Cooperative Insurance Co. (ALALAMIYA) will apply for a license to practice the following insurance activities: property insurance, marine insurance, vehicle insurance, medical insurance, accidents insurance, and engineering insurance. The company also intends to take over the insurance portfolio of Royal & Sun Alliance Insurance Co. (Middle East) and the assets of Al Alamiya Trading & Services Co.

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