Saudi Arabian Cooperative Insurance Company (SAICO) Revenue
Insurance • 
Platinum Center, Salahudeen St., Saudi Arabia • 201-500 Employees
Saudi Arabian Cooperative Insurance Company (SAICO) revenue & valuation
| Annual revenue | $18,200,000 |
| Revenue per employee | $86,000 |
| Estimated valuation?This valuation is estimated based on industry average for the Insurance industry and current estimated revenues | $58,100,000 |
| Total funding | No funding |
Key Contact at Saudi Arabian Cooperative Insurance Company (SAICO)
Khalid Alballow
Vice President
Company overview
| Headquarters | Platinum Center, Salahudeen St., P. O. Box: 5807, Riyadh, Riyadh 11594, SA |
| Phone number | +966118749666 |
| Website | |
| NAICS | 52 |
| Keywords | General Insurance And Health Insurance |
| Employees | 201-500 |
| Socials |
Saudi Arabian Cooperative Insurance Company (SAICO) Email Formats
Saudi Arabian Cooperative Insurance Company (SAICO) uses 5 email formats. The most common is {first name}{last name} (e.g., johndoe@saico.com.sa), used 51.7% of the time.
| Format | Example | Percentage |
|---|---|---|
{first name}{last name} | johndoe@saico.com.sa | 51.7% |
{first initial}{last name} | jdoe@saico.com.sa | 33.4% |
{last name}{last name} | doedoe@saico.com.sa | 5% |
{first initial}{second initial}{last name} | jodoe@saico.com.sa | 1.7% |
About Saudi Arabian Cooperative Insurance Company (SAICO)
SAICO, a Saudi joint stock company, was established on the basis of a Royal Decree No. M/60 dated 18/09/1427 H (11/10/2006) and Decision of the Council of Ministers No. 233 dated 16/09/1427H. It chose Riyadh to be the Head Office location. In the year 2010 the company obtained SAMA's approval to market insurance products. The company aims at practicing all relevant activities to insurance. The company performs such works as may be necessary to realize its objectives whether in terms of insurance or investment of its capital. It can also own and activate fixed or capital assets as well as sell, replace or rent the same, whether directly or through companies it establishes for this purpose or via partnership with others. The major activity of the company includes offering insurance service in the fields of: vehicles, medical, sea shipment, fire, engineering, aviation, power, group life insurance and accidents. SAICO has a capital of SAR 100 million divided into 10 million shares with a face value of SAR 10 per share. The company's founders contributed a total nominal value of SAR 60 million (6 million shares) representing 60 percent of the company's capital, while the remaining 4 million shares with a nominal value of SAR 40 million were announced for initial public offering.
Employees by Management Level
Total employees: 201-500
Seniority
Employees
Employees by Department
Saudi Arabian Cooperative Insurance Company (SAICO) has 72 employees across 9 departments.
Departments
Number of employees
Funding Data
Saudi Arabian Cooperative Insurance Company (SAICO) has never raised funding before.
United States
United Arab Emirates
Frequently asked questions
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