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Al Sagr Cooperative is one of the few companies who spearheaded in registering as a public cooperative insurance in the Kingdom of Saudi Arabia stipulated by the Royal Decree. Today, we are a fully licensed public company transacting all types of insurance business and are sharing with Al Sagr Cooperative peers the thrill of implementing regulations in the Saudi Insurance Market applying to its players, as well as the witnessing of the birth of a regulated Saudi Insurance Industry. From its humble start in the KSA, in 1983, as a branch office for a Dubai based insurance company, today Al Sagr Cooperative Insurance Company is a public Saudi shareholding company with a paid up capital of SR 200 million.
We are the strong players of the old times renewed in the newly born regulated market which is Al Sagr Cooperative playground and we are very familiar with its terrain. Read more..
Al Sagr Cooperative Insurance Company announceshaving been awarded credit rating and financial stability outlook of (BBB) by Standard & Poor's, according to the announcement press release issued by themon30/01/2012AD.The insurance company said that thisrating reflect thefinancialstrength of the companyand the profits made and the reservation in the selection of risks.The company also noted the possibility of an upgrade if the company was able to maintain steady growth and continuing to make profits.
