Originally founded in 1964, we offer a wide range of insurance solutions for personal and corporate use.
Powered by a team of over 200 professional employees, we service our clients locally in 5 countries across the Gulf and Lebanon. Our success throughout the past 50 years is due to:
Excellent reinsurance securities and financial stability.
Our ability to operate in dynamic conditions.
Our commitment to fair and prompt claims resolution.
We are committed to providing our customers with personalized, competitive and comprehensive insurance solutions and to paying claims fairly and promptly.
To be the leading regional insurance organization.
Our experienced teams serve our customers in a prompt and professional manner.
We never compromise on product quality or service delivery. Fairness, transparency and compliance are at the core of our culture.
We aim to remain the preferred trusted insurer and the ideal employer.
We strive to exceed stakeholders’ expectations; customers, shareholders, employees and regulators.
Acquired Al Nisr Insurance Co in Lebanon
Saudi Arabian Insurance Company B.S.C. (c) established in Bahrain
Dubai branch opened
Abu Dhabi branch opened
Bahrain branch opened
Kuwait branch opened
Saudi Arabian Cooperative Insurance Company established with Saudi Arabian Insurance Company B.S.C. (c) being the founding shareholder with 30% equity
Oman branch opened
Al Nisr S.A.L. became Saudi Arabian Insurance Company S.A.L. Saudi Arabian Insurance Company B.S.C. (c) took over Al Nisr Oman and Al Nisr Bahrain.
SAICO HEALTH CARE W.L.L. , the in-house Third Party Administrator (TPA) and Bahrain second branch established.
DAMANA and SAICOHEALTH brands launched
Received an inaugural rating from AM Best
Received a compliance award from Insurance Authority UAE
DAMANA is a registered trademark for Saudi Arabian Insurance Company S.A.L (c)
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