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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
Al Rajhi Company for Cooperative Insurance (ARCCI) (الراجحي للتأمين التعاوني)
Main Activities: Insurance Carriers
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Company Information |
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Full name Al Rajhi Company for Cooperative Insurance (ARCCI) (الراجحي للتأمين التعاوني) Headquarters P.O. Box 67791, Platinum Center, 3rd Floor, Sitteen Street, Al Malaz Area, Riyadh 11517.; Riyadh City; Al Riyadh |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational Financial Auditors: KPMG (2012) Incorporation Date: January 31, 1990 Total Employees: 115 Tel: 966 14752211 |
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Company Description |
| Al Rajhi Company for Cooperative Insurance (ARCCI) formerly known as Al Rajhi Insurance Company Ltd. was incorporated in 1990 and has been successfully operating in the Kingdom. Registered in Bahrain under the Central Bank of Bahrain (CBB - previously BMA) regulations, the Company is one of the leading composite insurance providers in Saudi Arabia. The servicing of insurance is done through a network of branches located at Riyadh, Jeddah and Dammam. The Company’s Head Office is in Riyadh. | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 83.43%, from SAR 268,950 thousands to SAR 493,344 thousands. The results of the period increased 43.03% reaching SAR -32,905 thousands at the end of the period against SAR -57,759 thousands last year. Return on equity (Net income/Total equity) went from -40.28% to -30.10%, the Return On Asset (Net income / Total Asset) went from -13.16% to -4.03% and the Net Profit Margin (Net Income/Net Sales) went from -21.48% to -6.67% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 645.95% compared to 206.11% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 2.64 to 1.46 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (non-cons) |
2011 Y (non-cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
848,693 |
815,590 |
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Current Assets |
326,079 |
184,479 |
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Total Liabilities |
739,934 |
706,254 |
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Shareholders Equity |
108,759 |
109,336 |
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Current Liabilities |
689,092 |
126,248 |
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| * All the accounts are in SAR. | ||
Income Statement
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Total Operating Revenue |
600,864 |
493,344 |
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Net Profit (Loss) |
-577 |
-32,905 |
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| * All the accounts are in SAR. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
-0.07% |
-4.03% |
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Annualised Return on Assets (ROA) |
-0.07% |
-4.03% |
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Return on Equity (ROE) |
-0.53% |
-30.1% |
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Annualised Return on Equity (ROE) |
-0.53% |
-22.95% |
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Return on Sales (ROS) |
-0.1% |
-6.67% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
4.62x |
5.08x |
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Current asset turnover |
1.84x |
2.67x |
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Fixed-asset turnover |
1.15x |
0.78x |
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Asset Turnover |
0.71x |
0.60x |
| Valuation figures and ratios | ||
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Enterprise value |
460,518 |
555,853 |
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Bookvalue (BV) |
108,759 |
109,336 |
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Net Cash |
-460,518 |
-555,853 |
| Liquidity Ratios | ||
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Current Ratio |
47.32% |
146.12% |
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Quick ratio |
47.32% |
146.12% |
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Doom's day ratio |
40.55% |
119.13% |
| Leverage Ratios | ||
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Leverage ratio |
780.34% |
745.95% |
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Debt to equity |
680.34% |
645.95% |
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Debt to total assets |
87.19% |
86.59% |
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Long Term Debt to Capital |
31.86% |
84.14% |
| Trend Ratios | ||
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Revenue Trend |
121.79% |
183.43% |
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Net Income Trend |
1.75% |
56.97% |
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