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SAICO licensed by SAMA to operate for 3 years

2019-01-10 15:59:58 GMT (Economies.com)
SAICO licensed by SAMA to operate for 3 years
 

Saudi Arabian Cooperative Insurance Co. – SAICO on Thursday announced it obtained a renewal of license from Saudi Arabian Monetary Authority (SAMA) to operate in the Kingdom.

 

The license, which will run for three years from 27/8/1440H till 26/8/1443H, includes general insurance, health insurance, as well as protection and savings insurance, according to the company.

 

SAICO earlier said it logged SAR 7.4 million net loss for the third quarter of 2018, against SAR 16.4 million net profit in prior-year period. It also registered SAR 6.9 million net loss for the first nine months of 2018, versus SAR 37.3 million net profit in the corresponding period of 2017.

 
 
 
  Symbol Last Change Chg.%
1.1356
-0.0015
0.1324%
1.2683
-0.0057
0.4486%
15.289
-0.053
0.345%
58.828
1.225
2.127%
65.05
0.19
0.29%
1412.975
13.965
0.998%
 
 
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