Magazine date:
Oct 2011 Arabia Insurance has posted a 2010 turnover on the rise. Life and non-life written premiums has reached 330 million USD in 2010, that is, an increase of 57% compared to 2009.
The Saudi subsidiary, AICC, alone, has accounted for nearly 50% of the insurer’s premiums, that is, 151 million USD. Net pre-tax profit was down, declining from 14 million USD in 2009 to 9.9 million USD in 2010. Arabia Insurance operates in nine countries of the Middle East.