Saudi Arabian Cooperative Insurance Company Overview
Pro stress-test →SAICO is a diversified insurance company operating in Saudi Arabia that provides personal, SME, and corporate insurance products including motor, travel, home, medical, property, marine, engineering, and cybersecurity insurance. Founded in 1952 and headquartered in Riyadh, Saudi Arabia, the company is listed on Saudi Tadawul since September 3, 2007.
Strategic Profile
Pro stress-test →The company's activities focus on providing insurance services in vehicles, marine cargo, fire, engineering, aviation, energy, group life insurance, accidents, and medical insurance fields. As a long-established cooperative insurance provider with 70+ years of operating history, SAICO maintains a diversified product portfolio spanning personal, SME, and corporate segments within the Saudi market.
Competitive Landscape
Pro stress-test →SAICO operates in a highly competitive Saudi insurance market alongside major players including Tawuniya, Salama, Arabian Shield, and international entrants like CHUBB. The sector is characterized by cooperative insurance companies dominating general and medical lines, with Takaful operators competing in Islamic insurance segments.
Industry Context
Saudi Arabian Cooperative Insurance Company operates in Insurance - Diversified.
Key facts
Founded: 1952 · Headquarters: Riyadh, Saudi Arabia · Employees: N/A · Revenue: N/A · Market cap: 0.34B SAR