Arabian Shield Cooperative Insurance Company
InsuranceRiyadh, Saudi Arabia201-500 Employees
Arabian Shield Cooperative Insurance Company is a mid-sized insurer based in Riyadh, Saudi Arabia, offering general and medical insurance products. The company traces its roots to 1998, when it entered the Saudi market as a Bahraini entity and later obtained a license as a Saudi Public Joint Stock Company; it began operating in Saudi Arabia as a joint stock company on 1 January 2009. Its ownership structure includes the Arabian Shield Bahrain Co. EC with a 30 percent stake, Bahrain National Holding Co with 15 percent, other Saudi companies and businessmen with 15 percent, and the remaining 40 percent offered through an IPO. The company is regulated and supervised by the Insurance Authority. Its customers are individuals and organizations in need of general and medical insurance coverage within Saudi Arabia, and the company provides risk protection in the Saudi insurance market. In March 2024, the company appointed new members to its board of directors, and in 2023 announced a partnership with Radaz.
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