8100 – Saudi Arabian Cooperative Insurance Company SJSC

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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

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Company Profile

Saudi Arabian Cooperative Insurance Co SJSC (SAICO) is a Saudi Arabia-based joint stock company engaged in the provision of all classes of general insurance products. The Company is organized into six business segments: the Medical segment provides health care cover to policyholders; the Motor Insurance segment provides coverage against losses and liability related to motor vehicles, excluding transport insurance; the Fire and burglary segment provides coverage against fire, and any other insurance included under this class of insurance; the Marine Insurance segment provides cover for marine cargo in transit and ships against marine perils; the Engineering insurance segment provides coverage for loss or damage to construction works or erection and installation of plant and machinery, and the Public liability segment provides cover for legal liability of the insured against third parties arising out of premises, business operations or projects handled.

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