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Saudi Arabia
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Sanad Insurance (سند للتأمين)

Main Activities: Insurance Carriers

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Company Information

Full name
Sanad Insurance & Reinsurance Cooperative Company (سند للتأمين و إعادة التأمين التعاوني)

Headquarters
P.O. Box 27477, Dareen Center, 3rd Floor, Alahsa Street, Riyadh 11417.; Riyadh City; Al Riyadh
Status: Listed
Legal Form: Limited Liability Company
Operational Status: Operational
Financial Auditors: KPMG (2012)
Total Employees: 83

Tel: 966 12927111

Company Description

Sanad Insurance and Reinsurance Co. is licensed by Royal Decree No. (M / 60) dated 8/9/1427 H. The company provides insurance and reinsurance products and services.

Company Analysis

According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues decreased with -10.84%, from SAR 323 thousands to SAR 288 thousands. The results of the period decreased -32.74% reaching SAR -27,933 thousands at the end of the period against SAR -21,043 thousands last year. Return on equity (Net income/Total equity) went from -15.61% to -26.08%, the Return On Asset (Net income / Total Asset) went from -5.69% to -6.99% and the Net Profit Margin (Net Income/Net Sales) went from -6514.86% to -9698.96% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 273.21% compared to 174.40% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.00 to 1.00 when compared to the previous year.

Key Executives

Mr.Ahmad Bin Abdullah Al Aqeel Chairman Of the Board Director
Mr.Khalifa Mohd Al Muhari Member of Board of Directors
Mr.Mohammed Bin Jarbou Member of Board of Directors
Mr.Mohammed Bin senses Member of Board of Directors
Mr.Saeed Omar Alesayi Member of Board of Directors

Companies with Similar Main Activities

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Balance Sheet

Total Assets

326,393

399,742

Current Assets

209,968

284,293

Total Liabilities

220,290

292,633

Shareholders Equity

106,103

107,109

Current Liabilities

209,968

284,293

* All the accounts are in SAR.
Income Statement

Total Operating Revenue

610

288

Net Profit (Loss)

-4,744

-27,933

* All the accounts are in SAR.
Ratios
Profitability Ratios

Return on Assets (ROA)

-1.45%

-6.99%

Annualised Return on Assets (ROA)

-1.45%

-6.99%

Return on Equity (ROE)

-4.47%

-26.08%

Annualised Return on Equity (ROE)

-4.43%

-20.72%

Return on Sales (ROS)

-777.7%

-9,698.96%

Gross Profit Margin

100%

100%

Efficiency Ratios

Accounts Receivable Turnover

0.01x

0.00x

Current asset turnover

0.00x

0.00x

Fixed-asset turnover

0.01x

0.00x

Asset Turnover

0.00x

0.00x

Valuation figures and ratios

Enterprise value

104,870

139,922

Bookvalue (BV)

106,103

107,109

Net Cash

-104,870

-139,922

Liquidity Ratios

Current Ratio

100%

100%

Quick ratio

100%

100%

Doom's day ratio

54.97%

53.72%

Leverage Ratios

Leverage ratio

307.62%

373.21%

Debt to equity

207.62%

273.21%

Debt to total assets

67.49%

73.21%

Long Term Debt to Capital

8.87%

7.22%

Trend Ratios

Revenue Trend

211.81%

89.16%

Net Income Trend

16.98%

132.74%