Buruj Cooperative Insurance Company Overview
Pro stress-test →Buruj Cooperative Insurance Company provides various general insurance products to individuals and business customers in Saudi Arabia, operating through Motor, Medica, and Property & Casualty segments. Founded in 2009 and headquartered in Riyadh, the company is a regulated multi-line insurance underwriter serving the Kingdom's diversified insurance needs.
Strategic Profile
Pro stress-test →Buruj is part of the Gulf Insurance Group in Kuwait, which has regional presence in Bahrain, Egypt, Lebanon, Syria, and Jordan. The company's insurance experience traces back to 1979 when operating as Saudi Pearl Insurance Company, and was established by Saudi Pearl's owner Gulf Insurance Group along with other major business groups and Saudi businessmen. This heritage provides operational expertise and regional scale advantages in the competitive Saudi insurance market.
Competitive Landscape
Pro stress-test →Buruj competes in Saudi Arabia's regulated insurance market against larger domestic and regional insurers. The company is licensed and monitored by the Saudi Central Bank (SAMA) via Insurance Authority supervision. Its niche focus on diverse insurance lines and lean cost structure differentiate it, though larger competitors benefit from greater scale and brand recognition.
Industry Context
Buruj Cooperative Insurance Company operates in Multi-line Insurance / General Insurance.
Key facts
Founded: 2009 · Headquarters: Riyadh, Saudi Arabia · Employees: 55 · Revenue: $100M · Market cap: $152M