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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).
Saudi Arabian Cooperative Insurance Company B.S.C. (الشركة السعودية للتأمين)
Main Activities: Insurance Carriers
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Company Information |
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Full name Saudi Arabian Cooperative Insurance Company B.S.C. (الشركة السعودية للتأمين) Headquarters P.O. Box 5807, Platinum Center, 1st Floor, Salaheddin Street, Malaz Area, Riyadh 11594.; Riyadh City; Al Riyadh |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: PricewaterhouseCoopers (2012) Incorporation Date: January 1, 1980 Total Employees: 16 Tel: 966 18749666 |
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Company Description |
| The company's underwriting activity in the Kingdom of Saudi Arabia dates back to 1964 when Saudi Arabian Insurance Company Ltd. BSC (C) associate Al Nisr Insurance Company SAL started operating in KSA. Ever since its establishment in 1980, SAICO BSC (C). has been operating in the Kingdom of Saudi Arabia through its general agents Arab Commercial Enterprises (ACE), which has a network of operations across the Middle East region and Europe including Saudi Arabia, Bahrain, Abu Dhabi, Dubai, Lebanon, | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 240445.61%, from SAR 228 thousands to SAR 548,444 thousands. The results of the period increased 17.33% reaching SAR -7,759 thousands at the end of the period against SAR -9,385 thousands last year. Return on equity (Net income/Total equity) went from -13.01% to -12.05%, the Return On Asset (Net income / Total Asset) went from -1.54% to -1.30% and the Net Profit Margin (Net Income/Net Sales) went from -4116.23% to -1.41% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 829.64% compared to 746.81% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.01 to 1.06 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 |
774,314 |
598,669 |
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Current Assets |
691,522 |
485,800 |
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Total Liabilities |
696,522 |
534,271 |
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Shareholders Equity |
77,792 |
64,398 |
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Current Liabilities |
691,522 |
460,022 |
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| * All the accounts are in SAR. | ||
Income Statement
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Total Operating Revenue |
567,917 |
548,444 |
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Net Profit (Loss) |
14,295 |
-7,759 |
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| * All the accounts are in SAR. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
1.85% |
-1.3% |
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Annualised Return on Assets (ROA) |
1.85% |
-1.3% |
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Return on Equity (ROE) |
18.38% |
-12.05% |
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Annualised Return on Equity (ROE) |
22.2% |
-10.75% |
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Return on Sales (ROS) |
2.52% |
-1.41% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
6.06x |
6.24x |
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Current asset turnover |
0.82x |
1.13x |
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Fixed-asset turnover |
6.86x |
4.86x |
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Asset Turnover |
0.73x |
0.92x |
| Valuation figures and ratios | ||
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Enterprise value |
137,939 |
56,595 |
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Bookvalue (BV) |
77,792 |
64,398 |
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Net Cash |
-137,939 |
-56,595 |
| Liquidity Ratios | ||
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Current Ratio |
100% |
105.6% |
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Quick ratio |
100% |
105.6% |
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Doom's day ratio |
80.78% |
103.84% |
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Cash Flow to Debt |
-0.29% |
-0.13% |
| Leverage Ratios | ||
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Leverage ratio |
995.36% |
929.64% |
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Debt to equity |
895.36% |
829.64% |
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Debt to total assets |
89.95% |
89.24% |
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Long Term Debt to Capital |
6.04% |
53.55% |
| Trend Ratios | ||
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Revenue Trend |
103.55% |
99.23% |
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Net Income Trend |
-184.24% |
82.67% |
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