Arabian Shield Cooperative Insurance Company

The Arabian Shield Cooperative Insurance Company is one of the cooperative insurance companies in the Kingdom of Saudi Arabia. It was established in May 2007. It provides insurance services to companies and individuals. It is supervised by the Saudi Central Bank (SAMA) and the Council of Cooperative Health Insurance (CCHI).

In June 2007, the company was listed on the Saudi Stock Exchange (Saudi Tadawul) under number 8070 and the name "Arabian Shield." It is headquartered in Riyadh City and has a share capital of around SAR798 million.

In 1998, the Arabian Shield Company first entered the Saudi market as a Bahraini insurance company that practices its activities as a local agent. It initiated the procedures for the establishment of a Saudi cooperative insurance company upon the promulgation of the Implementing Regulations for Licensing and Governing the Insurance Sector in Saudi Arabia.

The Arabian Shield Cooperative Insurance Company was licensed by the Saudi Central Bank in September 2007, enabling it to engage in general and medical insurance in Saudi Arabia. The previously subscribed shares were transferred from the Bahraini company to the Arabian Shield Cooperative Insurance Company, ultimately starting business on January 1, 2009.

The products offered by the Arabian Shield Company to companies include insuring properties against risks and loss of profit, insurance against contractors' risks and installation risks, insurance against the failure and loss of machinery and equipment, and insurance against loss of profit.

Insurance solutions offered by the Arabian Shield Company comprise insurance solutions covering various categories and products in terms of incidents and liabilities, including employee compensation (employer liability insurance), funds, dishonesty, personal incidents, and life insurance for groups.

The products offered by the Arabian Shield Company to companies include private and commercial vehicle insurance, in terms of both comprehensive and third-party liability insurance, marine insurance, cargo insurance for goods in transit via road, and group credit insurance.

The products offered by the Arabian Shield Company to individuals include comprehensive vehicle insurance, compulsory motor insurance, insurance against contractors' risks, travel insurance, health insurance, personal incidents insurance, medical malpractice insurance, visitor visa extension, and craftsmen insurance.