SAICO is a publicly listed company on the Saudi Stock Exchange (Saudi Tadawul) headquartered in Riyadh, with a legacy tracing back to 1952. The company was formally established as a Saudi joint-stock company in 2006 and listed on Saudi Tadawul on September 3, 2007, under trading symbol (8100). The company's capital is SAR 300 million.
SAICO focuses on the insurance needs of corporations, factories, commercial institutions, and small and medium-sized enterprises. Its services cover marine cargo, fire, vehicles, home insurance, medical insurance, and personal accidents. The company offers over 44 licensed insurance products, with trailing twelve-month revenue of approximately $186 million as of September 2024.
In 2025, SAICO reported insurance revenues of SAR 1,156.88 million and a net profit of SAR 22.18 million.
Recent Leadership News
SAICO appointed Khalid Ali A. Ballow as Acting CEO effective May 21, 2026.
Facts compiled by Executive Moves from publicly available news and press releases on 5 August 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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