Allianz Saudi Arabia is the Saudi insurance business established in 2007 as Allianz Saudi Fransi Cooperative Insurance Company, a joint venture involving Allianz Group and Banque Saudi Fransi. Shareholders approved a change of name to Mutakamela Insurance Company at an extraordinary general meeting on 25 November 2024, and the company trades on the Saudi Exchange under the symbol 8040. It writes motor, health, property and casualty, and protection and savings business.
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