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ACIG - Allied Cooperative Insurance Group   Discuss
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Allied Cooperative Insurance Group (ACIG) 
Stock Market Saudi Stock Exchange
Official Sector Insurance (25)
Market Cap Size Micro-Cap (54)
GulfBase Sector Insurance (77)
 

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Overview
Establishment Date: 22/07/2007
Paid-Up Capital (SAR): 100,000,000
Par Value Per Share (SAR): 10.00
Major Shareholders
Allied Cooperative Insurance Group 20.00%
Islamic Development Bank 20.00%
Activity
The Allied Cooperative Insurance Group is engaged in general takaful activities in Saudi Arabia in accordance to Islamic Sharia Principles, since 12 January 2005. Prior to this date, the Allied Cooperative Insurance Group was engaged in the conventional form of insurance business.
Subsidiaries, Associates & Joint Ventures
Company
Najm Insurance Services Co.
more details

Corporate Announcements Company News
Net loss announced for the 9 months ending on 30/9/2009, SAR 17.56 million, compared to a loss of SAR 10.46 million for the same period last year. 21/10/2009
Net loss announced for the 1st Half of the year 2009, SR 12.3 million, compare to loss of SR 4.81 million for the same period last year. 19/07/2009
Net loss announced for the 1st Quarter of the year 2009, SR 5.60 million, compared to a loss of SR 568,000 for the same period last year.20/04/2009
Net loss announced for the period from 22/07/2007 to 31/12/2008, SR 22.8 million.25/02/2009
Net loss announced for the Year 2008, SR 20.1 million.21/01/2009
more...
ACIG Shares Up 997.50% on First Day  (Arab News - 28/08/2007)
ACIG Assigns BMG as Lead Manager for IPO   (Arab News - 14/10/2006)

Key People Contacts
Chairman: Eng. Mohammad H. A. AlBakri
General Manager: Dr. Omar Z. A. Hafiz
Board Members: Dr. Omar Z. A. Hafiz
Hussam T. A. Ghazzawi
Khaled H. A. Al Bassam
Khamis S. H. Al Qazzah
Mazen M. I. Baterjee
Sulaiman A. Al Kheragi
Yousuf A. H. Owaidah
Eng. Abdulah M. A. Rayes
Saad A. Al Sayyari
Auditors: Aldar Audit Bureau
KPMG Al Fawzan & Al Sadhan
E-mail Address: info@acig.com.sa
Website: http://www.acig.com.sa
Postal Address: P.0. Box 7076 Jeddah 21462
Phone: +9662 6574999
Fax: +9662 6576643
 
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