Al Alamiya for Cooperative Insurance Co.

Trading Name: ALALAMIYA

Trading Number: 8280

Commercial Sector: Insurance

Last Price: 23.10

Close price

23.10 SAR

Market Value

920.800 (Million)

Paid Capital

400 Million SAR

Multiplier of the book value

2.420

Earnings per share

-0.626

Profitability Bis

0.000

Next distribution date

-

Last distribution date

-

Yearly distribution percent

%

Issued shares

40.000 (Million)

Minimum limit of the last 52 weeks

HIGHEST

35.00

LOWEST

19.30

front_end.stock_performance

START OF YEAR

24.28

YEAR AGO

19.84

3 YEARS AGO

32.65

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About Company

COMPANY OVERVIEW

The mission of the Company is to protect individuals and companies from, and help them to reduce, the risks they face in their daily life by providing insurance products that meet their needs in the areas of Property; Marine; Motor; Medical; General Accident and Engineering. The Company''s strategy is to focus on underwriting and claims discipline to achieve sustainable profitable returns. The purpose of the Company are to transact cooperative insurance operations and related activities such as reinsurance, agency activities, representation, or correspondence activities in accordance with the provisions of the Control of Cooperative Insurance Companies Regulations and its Implementing Rules, and such other laws and regulations in force in the Kingdom of Saudi Arabia. The Company may undertake all activities whether in respect to insurance or the investment of its funds and to own, move, sell, replace or lease its immovable properties or liquid assets either directly or through companies established or acquired by itself or in association with other entities. The Company may have an interest in, own or merge with, or acquire or by any means participate with other corporate entities that are engaged in activities or fiscal activities similar to those of the Company or which assist in realising its purpose. The Company may exercise such activities as stated above whether within or outside the Kingdom of Saudi Arabia.

COMPANY HISTORY

Al Alamiya for Cooperative Insurance Company (Al Alamiya) is a Saudi joint stock company and was established in accordance with Council of Ministers Resolution No. 5 dated 08/01/1430H (corresponding to 05/01/2009G) and in accordance with Royal Decree No. M/2 dated 09/01/1430H (corresponding to 06/01/2009G) to carry on the activity of cooperative insurance. The share capital of the Company is two hundred million Saudi Riyals (SR 200,000,000) comprising twenty million (20,000,000) ordinary shares with a nominal value of ten Saudi Riyals (SR 10) each. The capital of the Company has been increased to (400,000,000) million Saudi Riyals on 15/3/1436H (corresponding to 6/1/2015G). The Company s founding shareholders include Royal & Sun Alliance Insurance (Middle East) Limited E.C. (50.07%), Riyad Bank (19.92%), and a group of reputable Saudi investors (0.01%). The remaining 30% of the Company s capital is offered to the public.