Arabian Shield Cooperative Insurance Company Overview
Pro stress-test →Arabian Shield Cooperative Insurance Company is a diversified insurance provider in Saudi Arabia, offering comprehensive coverage across motor, medical, property, casualty, and protection & savings segments. Founded in 1998 and listed on TADAWUL, the company serves both individual and commercial clients with a broad portfolio of insurance products and reinsurance services.
Strategic Profile
Pro stress-test →The company demonstrates strong revenue growth momentum, with 2024 revenues reaching 1.21 billion SAR (+23.83% YoY), positioning it as a mid-sized player in the Saudi insurance market. Its diversified product mix across motor, medical, casualty, and specialized lines provides revenue stability and cross-selling opportunities within the growing Gulf insurance sector.
Competitive Landscape
Pro stress-test →Arabian Shield competes in Saudi Arabia's fragmented insurance market against established players including Tawuniya, SALAMA, Allianz (Saudi subsidiary), and emerging competitors. The market is characterized by regulatory oversight, price competition in motor insurance, and growth opportunities in medical and specialty lines. Cooperative insurance structures provide cost advantages versus traditional models.
Industry Context
Arabian Shield Cooperative Insurance Company operates in Insurance - General & Specialty Lines.
Key facts
Founded: 1998 · Headquarters: Riyadh, Saudi Arabia · Revenue: $1.21B (2024) · Market cap: $0.31B