AL MAMOON

What AL MAMOON does

Al Mamoon is a Saudi Arabia-based insurance broker founded in 2005 that places corporate, commercial, SME, and specialist insurance coverage on behalf of clients. The company is licensed and regulated by the Saudi Central Bank (SAMA) and the Insurance Authority (IA), and operates a headquarters in Riyadh with a presence in Jeddah. It distributes coverage through relationships with 23+ Saudi insurance carriers, including Watania, Buruj, Medgulf, Rajhi, Bupa, Tawuniya, GIG, Salama, Arabian, Aletihad, CHUBB, Malath, Saico, Aljazira, Gulf, Almiya, GGI, Allianz, ACIG Saudi, Liva, Enaya, Walaa, and UCA.

The company has built a multi-platform technology stack consisting of three proprietary systems: a Client Portal (IBS) for claims, payments, policy management, secure document sharing, and client communication; Ammant (also branded Quick), a public-facing comparison platform for IA-authorized insurance products; and Portal Auto-Lease, a SAMA- and IA-compliant platform with API integration and interactive dashboards targeting banks and auto-leasing finance partners. Service lines span marine (cargo, hull & machinery), aviation, industrial & energy, motor, financial lines (D&O, cyber, bankers blanket bond, trade credit, group creditor), employee benefits (medical, group life, personal accident), and property & casualty categories. The Auto-Lease portal is a distinct specialization aimed at regulated financial partners rather than general insurance placement.

Al Mamoon's revenue model is a commission-based broker structure: it earns transaction fees from insurance carriers for policies placed, supplemented by professional service fees for risk assessment, policy review, claims assistance, and advisory work. Pricing is quote-based and not publicly disclosed, varying by coverage type, client risk profile, and carrier. The go-to-market combines high-touch enterprise advisory sales (discovery meetings, tenders to selected carriers, recommendation meetings) with self-serve digital channels, and the customer base spans corporate, SME, and individual segments. Ownership is private with no disclosed parent, institutional investors, or cap table in the available data.

Name

AL MAMOON

Legal name

Al Mamoon

Website

https://almamoon.com.sa

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

Al Mamoon is a Saudi Arabia-based licensed insurance broker founded in 2005, placing corporate, commercial, SME, and specialist coverage for enterprise and individual clients through 23+ carrier partnerships and proprietary digital platforms.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210), Insurance Carriers and Related Activities (524)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Association & PEO Group Health Plans (AHP/PEO-Sponsored) (FSAIAFAH)

Keywords

• Insurance brokerage
• Commercial insurance
• Corporate insurance
• Insurance aggregation
• Risk advisory services

Headquarters

HQ city

Jeddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Insurance Commission: As an insurance broker, Al Mamoon earns commissions from insurance companies for placing policies with clients. The broker negotiates with multiple insurers on behalf of clients and receives commission fees from the insurance companies.
2. Brokerage Fees: Professional service fees for risk assessment, policy review, claims assistance, and advisory services provided to clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

AL MAMOON is a Saudi Arabian insurance broker founded in 2005 that arranges corporate, commercial, marine, aviation, energy, motor, and employee benefit insurance coverage for clients by placing business with a panel of more than 23 insurance partners. The firm operates proprietary digital platforms (Ammant, Quick, Portal Auto-Lease, Client Portal, IBS Portal) to support policy comparison, issuance, and ongoing client servicing.

Product overview

Al Mamoon is an insurance broker offering a multi-platform ecosystem with proprietary technology solutions and a comprehensive portfolio of insurance products. The core technology offerings include Portal Auto-Lease (a SAMA and IA-compliant leasing platform for banks and auto-leasing partners), Ammant/Quick (an electronic insurance comparison and purchase platform), and a Client Portal (for claims, payments, policy management, and secure document sharing). The company also provides risk assessment, cost management, claims assistance, and compliance services. Insurance product offerings span Marine, Motor, Industrial & Energy, Aviation, Financial & Institution, Employee Benefits, and Property & Casualty categories, distributed through partnerships with multiple Saudi insurance companies.

Differentiator

Problem solved

Functional benefit

Brands

• PORTAL: A cutting-edge leasing platform developed by Almamoon to comply with SAMA and IA regulations for Banks and Auto-Leasing Finance partners.
• Quick

Products and services

• Insurance Brokerage Services End-to-end insurance brokerage arranging corporate, commercial, marine, aviation, energy, motor, property, employee benefits, and SME insurance coverage by placing business with 23+ insurance partners on behalf of clients.
• Ammant Insurance Comparison Platform

Quantifiable outcome

• Time-efficient insurance procurement through competitive tender process

Named customers1 record

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

24 partnerships are on record, tiered core.

• WataniacoreChannel Partner/ Reseller/ DistributorWatania is one of Al Mamoon's insurance company partners providing insurance products through the broker to end clients.
• BurujcoreChannel Partner/ Reseller/ DistributorBuruj is an insurance company partner offering coverage options to Al Mamoon's client base.
• MedgulfcoreChannel Partner/ Reseller/ DistributorMedgulf provides insurance products through Al Mamoon's brokerage services.
• RajhicoreChannel Partner/ Reseller/ DistributorRajhi Insurance is a partner offering motor, medical, and other insurance lines through Al Mamoon.
• BupacoreChannel Partner/ Reseller/ DistributorBupa provides health and medical insurance products through Al Mamoon's platform.
• TawuniyacoreChannel Partner/ Reseller/ DistributorTawuniya (The Saudi Insurance Company) is a major partner providing comprehensive insurance coverage options.
• GIGcoreChannel Partner/ Reseller/ DistributorGulf Insurance Group (GIG) provides insurance products through Al Mamoon's brokerage network.
• SalamacoreChannel Partner/ Reseller/ DistributorSalama is an insurance company partner offering Takaful insurance products.
• Arabian InsurancecoreChannel Partner/ Reseller/ DistributorArabian Insurance provides various insurance lines through Al Mamoon.
• AletihadcoreChannel Partner/ Reseller/ DistributorAletihad Insurance is a partner company offering coverage to Al Mamoon clients.
• CHUBBcoreChannel Partner/ Reseller/ DistributorCHUBB is a global insurance company partner providing commercial and specialty insurance through Al Mamoon.
• MalathcoreChannel Partner/ Reseller/ DistributorMalath Insurance provides insurance products to Al Mamoon's client base.
• SaicocoreChannel Partner/ Reseller/ DistributorSaudi Arabian Insurance Company (Saico) is a partner offering insurance coverage.
• AljaziracoreChannel Partner/ Reseller/ DistributorAljazira Insurance provides insurance products through Al Mamoon.
• Gulf InsurancecoreChannel Partner/ Reseller/ DistributorGulf Insurance offers coverage options to Al Mamoon clients.
• AlmiyacoreChannel Partner/ Reseller/ DistributorAlmiya Insurance provides insurance products through the broker.
• GGIcoreChannel Partner/ Reseller/ DistributorGGI (Gulf General Insurance) partners with Al Mamoon for insurance distribution.
• AllianzcoreChannel Partner/ Reseller/ DistributorAllianz provides insurance products through Al Mamoon's network.
• ACIG SaudicoreChannel Partner/ Reseller/ DistributorACIG Saudi is an insurance company partner offering coverage options.
• LivacoreChannel Partner/ Reseller/ DistributorLiva provides insurance products through Al Mamoon.
• EnayacoreChannel Partner/ Reseller/ DistributorEnaya Insurance provides coverage through the Al Mamoon broker network.
• WalaacoreChannel Partner/ Reseller/ DistributorWalaa Insurance is a partner offering various insurance products.
• UCAcoreChannel Partner/ Reseller/ DistributorUCA Insurance provides coverage options to Al Mamoon clients.
• Insurance Authority (IA) - Saudi ArabiacoreOthersThe Saudi Insurance Authority is the regulatory body overseeing the insurance sector in Saudi Arabia. Al Mamoon operates as a licensed broker under IA regulations.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Najm Insurance Services: One of Saudi Arabia's largest licensed insurance brokers, providing multi-line corporate and retail placement services to a similar enterprise and SME client base. Most directly comparable to Al Mamoon in terms of business model, regulatory positioning under SAMA, and product breadth.

Emerging players

• Bayzat: UAE-founded insurtech platform with operations in Saudi Arabia providing digital insurance comparison and placement for SMBs and individuals. Competes with Al Mamoon's Ammant platform on insurance comparison UX and direct placement, but focused on digital-native SMB/consumer segments.
• Yallacompare: UAE-headquartered financial product comparison platform including insurance comparison. Partially overlaps with Al Mamoon's comparison proposition but is a regional player focused on UAE rather than Saudi Arabia, with adjacent rather than identical positioning.
• Rasan: Saudi-based insurance technology platform operating in regulatory-compliant insurance distribution and aggregations. Directly comparable to Al Mamoon's Ammant platform in enabling insurance product comparison and digital placement within the Saudi regulatory framework.

Broad incumbents

• Arthur J. Gallagher (Gallagher Saudi Arabia): Global insurance brokerage and risk management firm operating across the Middle East. Competes with Al Mamoon for mid-market and enterprise insurance placement, particularly in property, casualty, and specialty lines.
• Marsh (Marsh & McLennan Saudi Arabia): Global insurance brokerage powerhouse with established operations in Saudi Arabia serving large corporates. Competes with Al Mamoon in the high-value enterprise and specialty lines (marine, energy, financial lines) but as part of a global platform with broader risk advisory capabilities.
• Howden Group (Howden Middle East): Global insurance broker with growing Middle East operations serving corporate and specialty clients. Competes with Al Mamoon in complex enterprise placements while operating at significantly larger scale.
• Willis Towers Watson (WTW) Saudi Arabia: Global advisory, brokerage, and solutions company serving Saudi corporates with insurance placement and risk management services. Overlaps with Al Mamoon in enterprise and specialty lines, with significantly larger scale and international capabilities.
• Aon (Aon Saudi Arabia): Global insurance and reinsurance broker with a strong presence in the Gulf, competing directly with Al Mamoon for enterprise risk placement, employee benefits brokerage, and specialty lines. Operates as a broad incumbent with much greater geographic and product breadth.

Others

• Saudi Enaya Cooperative Insurance: Saudi insurance carrier that operates as one of Al Mamoon's listed carrier partners. Included as an ecosystem peer illustrating the insurer-side counterpart to Al Mamoon's brokerage activity, particularly in medical and group health lines.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/almamoonbroker
• Facebookfacebook.com/almamoonbrokers
• LinkedInlinkedin.com/company/almamoon-insurance-brokers

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AL MAMOON