Saudi, Russian foreign ministers discuss regional issues in phone call    MWL chief meets Italian president in Rome; thanking him for supporting two-state solution    Saudi King and Crown Prince express condolences over deadly mid-air collision in Washington    National Cybersecurity Authority launches 2nd phase of Postgraduate Scholarship Program    Ettifaq sack Steven Gerrard after poor results, appoint Saad Al-Shehri as new head coach    GASTAT: Real GDP records growth of 4.4% in Q4 2024    Saudi Arabia launches inaugural Art Week Riyadh on April 6-13    Saudi crown prince and European Council president discuss over phone ways to enhance cooperation    Pentagon strips Gen Mark Milley of US security detail and clearance    Meta to pay $25m to settle Trump lawsuit over ban    Far-right vote on asylum rocks German parliament    Ex-US Senator Bob Menendez jailed for 11 years for bribery    HP is redefining the Future of Work with AI    NEOM's THE LINE set to begin vertical construction by end of year    Mona Lisa to be moved as part of major Louvre overhaul    Al-Nassr announces transfer of Brazilian forward Talisca to Fenerbahçe    Neymar bids heartfelt goodbye to Al-Hilal: I will always support you    SFDA chief rules out plan to ban sale of cigarettes or vapes    Al Hilal and Neymar mutually agree to part ways    Saudi Film Commission Joins Asian Film Commissions Network (AFCNet)    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi Cooperative Insurance Company Formed
Saudi Press Agency Published in Saudi Press Agency on 04 - 08 - 2007

Hisham Abdullah Yamani, the Minister of Commerce and Industry approved today the formation of The Saudi Arabian Cooperative Insurance Company with its headquarters in Riyadh city.
The Company is to be established with an amount of SR 100 million, split into 10 million shares, with each share valued at SR 10.
The Company's founders have already subscribed with 6 million shares worth SR 60 million, representing 60 percent of the company's total capital. The remaining 4 million shares valued at SR40 million are reserved for public subscription.

Clic here to read the story from its source.