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Arabian Shield (الدرع العربي للتأمين)
Main Activities: Insurance Carriers
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Company Information |
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Full name Arabian Shield Cooperative Insurance Company (الدرع العربي للتأمين التعاوني) Headquarters 4th Floor. South Tower King Faisal Foundation Building P. O. Box 61352 Riyadh 11565 Riyadh, Saudi Arabia; Riyadh City; Al Riyadh; 61352 |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: Aldar Audit Bureau (2012) Total Employees: 29 Tel: (01) 4645943 |
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Company Description |
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Arabian Shield Cooperative Insurance Company is a Saudi joint stock company founded in 2007. It is engaged in underwriting various types of insurance business based on the principles of cooperative insurance under the supervise of Saudi Arabian Monetary Agency (SAMA), the principal agency responsible for the application and administration of the Insurance Act and its Implementing Arabian Shield Cooperative Insurance Company (ASCI) also engaged in the provision of cooperative insurance and reinsurance. |
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 17.59%, from SAR 454,575 thousands to SAR 534,552 thousands. The results of the period decreased -25.84% reaching SAR 11,163 thousands at the end of the period against SAR 15,053 thousands last year. Return on equity (Net income/Total equity) went from 6.86% to 4.84%, the Return On Asset (Net income / Total Asset) went from 3.30% to 2.14% and the Net Profit Margin (Net Income/Net Sales) went from 3.31% to 2.09% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 125.71% compared to 107.77% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.98 to 1.83 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 |
558,227 |
520,443 |
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Current Assets |
393,040 |
517,029 |
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Total Liabilities |
323,595 |
289,864 |
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Shareholders Equity |
234,632 |
230,579 |
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Current Liabilities |
282,109 |
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| * All the accounts are in SAR. | ||
Income Statement
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Total Operating Revenue |
331,538 |
534,552 |
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Net Profit (Loss) |
4,053 |
11,163 |
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| * All the accounts are in SAR. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
0.73% |
2.14% |
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Annualised Return on Assets (ROA) |
0.73% |
2.14% |
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Return on Equity (ROE) |
1.73% |
4.84% |
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Annualised Return on Equity (ROE) |
1.76% |
5.09% |
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Return on Sales (ROS) |
1.22% |
2.09% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
6.31x |
8.54x |
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Current asset turnover |
0.84x |
1.03x |
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Fixed-asset turnover |
2.01x |
156.58x |
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Asset Turnover |
0.59x |
1.03x |
| Valuation figures and ratios | ||
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Enterprise value |
4,710 |
31,514 |
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Bookvalue (BV) |
234,632 |
230,579 |
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Net Cash |
-4,710 |
-31,514 |
| Liquidity Ratios | ||
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Current Ratio |
0% |
183.27% |
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Quick ratio |
0% |
183.27% |
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Doom's day ratio |
0% |
91.58% |
| Leverage Ratios | ||
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Leverage ratio |
237.92% |
225.71% |
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Debt to equity |
137.92% |
125.71% |
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Debt to total assets |
57.97% |
55.7% |
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Long Term Debt to Capital |
0% |
3.25% |
| Trend Ratios | ||
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Revenue Trend |
62.02% |
117.59% |
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Net Income Trend |
36.31% |
74.16% |
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