Established in 2007, it is part of the larger Arabia Insurance Company, which operates in eight countries across the Middle East. Through its products and services, the company caters to both individuals and corporate clients, positioning itself as a comprehensive multi-line insurance provider in the region.
Cyborg Score Rationale
The company demonstrates solid fundamentals as an established, regulated public insurer with regional presence and diversified product lines. However, data shows revenue decline of 26.4% in 2023 and net income decline of 50.1%, indicating operational headwinds and profitability challenges that warrant closer monitoring.
Top Insights
Diversified revenue across six insurance segments reduces dependency on any single line of business
Regional presence across Middle East (8 countries) provides growth optionality beyond core Saudi market
Recent revenue and profitability declines (26-50% in 2023) suggest competitive or claims pressures requiring attention
Relatively small market cap ($162-178M range) positions company as a mid-tier regional player with consolidation vulnerability
Named Competitors
General Insurance — Saudi-based general insurance provider
Motor & Medical Insurance — Major competitor in Saudi motor and health insurance
Multi-line Insurance — Regional health insurance operator
Recent Developments
(Jun 2025) Trailing 12-month revenue $148M with market cap of $178M at $3.37 per share
(Sep 2025) Stock trading at 10.61 with technical indicators showing Strong Sell signals
(2023) Revenue declined 26.4% and net income declined 50.1% year-over-year
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