ACE Arabia Cooperative Insurance Company has been granted a licence by the Saudi Arabian Monetary Agency (Sama) to conduct insurance business in the Kingdom. This marks the final stage in the establishment of ACE Arabia as a locally-domiciled company in Saudi Arabia. 

ACE has had a presence in the Saudi Arabian market since 1973 in partnership with the Elkhereiji Group. In April 2009, ACE Arabia Cooperative Insurance Company was listed on the Tadawal with the capital of SR100 million ($26.6 million) and four million shares (representing 40% of the company) were offered to public.

ACE Arabia is headquartered in Al Khobar, Saudi Arabia and forms part of the ACE Mena regional group. 

Contact Information
For more information on this topic, please contact mena@acegroup.com