Amana Cooperative Insurance Company is a public joint-stock company listed on the Saudi Stock Exchange "Saudi Tadawul" under the supervision and regulation of the Insurance Authority.
It was listed on "Saudi Tadawul" on June 13, 2010. Its shares are traded on the main market within the insurance sector under the name Amana Insurance with the symbol (8310) and International Securities Identification Number (ISIN) (SA12HG541R18). As per the update of May 30, 2022, the company's capital is SAR420 million.
Amana offers a range of cooperative insurance services and products for both companies and individuals, including health insurance, vehicle insurance, accident insurance, fire insurance, marine and land cargo insurance, engineering insurance, and more.
Establishment of Amana Cooperative Insurance Company
Amana Cooperative Insurance Company was established as a Saudi joint-stock company under Royal Decree No. M/35 in 2009 and Council of Ministers Resolution No. 188 in 2009. The company was licensed by the General Investment Authority (now the Ministry of Investment) with License No. 1-102030094185 in 2009 and registered with Commercial Registration (No. 1010288711) in 2010. Its headquarters is located in Riyadh City. The company began its operations after receiving approval from the Saudi Arabian Monetary Authority (the Saudi Central Bank) with license (No. TMN/20107/30) on July 6, 2010. At its inception, the company's capital was SAR320 million, divided into thirty-two million ordinary shares with a nominal value of SAR10 per share.
Related quizzes
