Update on the licensed companies’ capital

The thirteen insurance companies authorized by monetary officials make up a capital of 2.5 billion SAR (667 million USD). 25 to 40% of these companies capital will be proposed to Saudi underwriters.

The capital of the authorized companies is spread out as follows:
  • 600 million SAR (160 million USD): The Mediterranean & Gulf Insurance & Reinsurance Co. (MedGulf).
  • 400 millions SAR (107 millions USD): BUPA Arabia 
  • 200 millions SAR (53 millions USD): Al-Alamiya Insurance Co., United Cooperative Assurance Co. (UCA), Arabian Shield Insurance Co.,
  • 100 millions SAR (27 millions USD): Saudi-Indian Insurance Company, Tokio Marine & Nichido, Saudi National Insurance Co., AXA Insurance Company, Saab Takaful Company, Saudi-French Insurance Company, National Takaful Co.
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