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Al Sagr Cooperative Insurance Co.

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Namestring
Al Sagr Cooperative Insurance Co.
Legal namestring
Al Sagr Cooperative Insurance Co.
Websiteurl
alsagr.com
Company typeenum
Private
Founded yearint
1983
Descriptiontext

Al Sagr Cooperative Insurance Co. operates as a cooperative insurance company, as indicated by its legal name. The firm conducts business under the trade name "Alsagr" and maintains a web presence at alsagr.com. Beyond its identity as a cooperative insurer, no further details on products, geographies served, customer segments, pricing, distribution, or operating status are available in the supplied source material.

The legal structure ("Cooperative Insurance") is a regulatory and organizational form common in the Saudi Arabian and broader Gulf Cooperation Council (GCC) insurance markets, where policyholders are also members/shareholders of the company. This structure typically governs product lines including motor, health, and general insurance distributed to individuals and corporates. However, none of these specific operational details, including product offerings, technology stack, distribution channels, headcount, founding year, leadership, or financial metrics, are documented in the available data.

Given the absence of operational, financial, or commercial specifics in the input, the description above reflects the limited, verifiable information available. The company has not disclosed revenue, headcount, partnerships, regulatory actions, funding history, or product launches in the supplied sources, which constrains any deeper analytical characterization.

Short descriptiontext

Al Sagr Cooperative Insurance Co. is a cooperative insurance company operating under the trade name "Alsagr" (alsagr.com). No further operational, product, geographic, or financial details are documented in the available source data.

Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersAl Khobar, Saudi Arabia
HQ citystring
Al Khobar
HQ countrystring
Saudi Arabia
HQ regionstring
Middle East
Markets served

Serves global market

Keyword5 values
cooperative insurance, insurance services, risk coverage, policy underwriting, insurance products
Industry1 code
1CO-OP / Nonprofit Individual Market Plans
CodeHLAEABAHPrimaryYes
NAICS code1 code
  • Insurance Carriers5241
SIC code1 code
  • Insurance Carriers, Nec6399
Product category
Cooperative Insurance
Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Core offering1 text field

Al Sagr Cooperative Insurance Co. is a cooperative insurance company operating under the trade name Alsagr. As a cooperative insurer, it provides insurance coverage and risk protection products to its policyholders/members, distributing surplus to participants rather than operating solely for shareholder profit. Specific product lines and detailed service descriptions are not available in the source material.

Differentiator
Functional benefit
Problem solved
Expansion highlight1 record

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Amana is a Saudi cooperative insurance company offering health and general insurance. It is a direct peer given its shared cooperative legal structure and presence in the Saudi market.

TypeDirect peer
Description

Saudi Enaya is a cooperative health insurance provider in Saudi Arabia. It is a direct peer as a Saudi cooperative insurer with a similar legal and operating structure.

TypeDirect peer
Description

Walaa is a publicly listed Saudi cooperative insurance company offering general, health, and motor insurance. It is a direct peer given its cooperative structure and comparable product breadth in the Saudi market.

TypeRegional player
Description

MEDGULF is a regional insurer offering general and health insurance across the Gulf. It is a regional peer as a comparable cooperative-style insurer operating in adjacent Middle East markets.

TypeDirect peer
Description

Gulf General is a smaller Saudi cooperative insurance company offering general insurance products. It is a direct peer given its cooperative structure and comparable product mix in the Saudi market.

6The Company for Cooperative Insurance (Tawuniya)
TypeDirect peer
Description

Tawuniya is the largest cooperative insurance company in Saudi Arabia, offering health, motor, and general insurance lines. It is a direct peer as both companies operate as cooperative insurers under the same Saudi regulatory framework.

TypeDirect peer
Description

AXA Cooperative Insurance is a Saudi cooperative insurer offering a range of general and health insurance products. It is a direct peer as a similarly structured Saudi cooperative insurance provider.

TypeDirect peer
Description

Bupa Arabia is a major Saudi cooperative insurer focused on health insurance for corporate and individual clients. It is a direct peer given its cooperative legal structure and Saudi market presence.

TypeRegional player
Description

Daman is a leading health insurer in the UAE, operating regionally in the Gulf. It is a regional peer as another Gulf-based insurer with comparable cooperative-style positioning in health insurance.

Market position
Strengths2 records

Each record includes

Headline, Details, Source

Weaknesses2 records

Each record includes

Headline, Details, Source

Competitive moat1 record

Each record includes

Type, Details

Key risks3 records

Each record includes

Headline, Details, Source

Key highlights3 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Al Sagr Cooperative Insurance Co.

Cooperative Insurancealsagr.com

Al Sagr Cooperative Insurance Co. is a cooperative insurance company operating under the trade name "Alsagr" (alsagr.com). No further operational, product, geographic, or financial details are documented in the available source data.

What Al Sagr Cooperative Insurance Co. does

Al Sagr Cooperative Insurance Co. operates as a cooperative insurance company, as indicated by its legal name. The firm conducts business under the trade name "Alsagr" and maintains a web presence at alsagr.com. Beyond its identity as a cooperative insurer, no further details on products, geographies served, customer segments, pricing, distribution, or operating status are available in the supplied source material.

The legal structure ("Cooperative Insurance") is a regulatory and organizational form common in the Saudi Arabian and broader Gulf Cooperation Council (GCC) insurance markets, where policyholders are also members/shareholders of the company. This structure typically governs product lines including motor, health, and general insurance distributed to individuals and corporates. However, none of these specific operational details, including product offerings, technology stack, distribution channels, headcount, founding year, leadership, or financial metrics, are documented in the available data.

Given the absence of operational, financial, or commercial specifics in the input, the description above reflects the limited, verifiable information available. The company has not disclosed revenue, headcount, partnerships, regulatory actions, funding history, or product launches in the supplied sources, which constrains any deeper analytical characterization.

Al Sagr Cooperative Insurance Co. firmographics

Firmographics
Name
Al Sagr Cooperative Insurance Co.
Legal name
Al Sagr Cooperative Insurance Co.
Website
https://alsagr.com
Company type
Private
Founded year
1983
Headcount range
51–100 employees
Short description
Al Sagr Cooperative Insurance Co. is a cooperative insurance company operating under the trade name "Alsagr" (alsagr.com). No further operational, product, geographic, or financial details are documented in the available source data.
Ownership category
akta.pro rank

Al Sagr Cooperative Insurance Co. industry classification

Industry
Product category
Cooperative Insurance
NAICS
Insurance Carriers (5241)
SIC
Insurance Carriers, Nec (6399)
akta.pro primary industry
CO-OP / Nonprofit Individual Market Plans (HLAEABAH)

Keywords

  • Cooperative insurance
  • Insurance services
  • Risk coverage
  • Policy underwriting
  • Insurance products

Where Al Sagr Cooperative Insurance Co. is headquartered

Location

Headquarters

HQ city
Al Khobar
HQ country
Saudi Arabia
HQ region
Middle East

Markets served

Al Sagr Cooperative Insurance Co. business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Al Sagr Cooperative Insurance Co. product offering

Product offering

Core offering

Al Sagr Cooperative Insurance Co. is a cooperative insurance company operating under the trade name Alsagr. As a cooperative insurer, it provides insurance coverage and risk protection products to its policyholders/members, distributing surplus to participants rather than operating solely for shareholder profit. Specific product lines and detailed service descriptions are not available in the source material.

Differentiator

Problem solved

Functional benefit

Companies that use Al Sagr Cooperative Insurance Co.

Customer profile

Ideal customer profiles2 records

Al Sagr Cooperative Insurance Co. technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Al Sagr Cooperative Insurance Co. partnerships and signals

Strategic signal

Expansion highlights1 record

Al Sagr Cooperative Insurance Co. competitors and assessment

Company assessment

Direct peers

  • Amana Cooperative Insurance: Amana is a Saudi cooperative insurance company offering health and general insurance. It is a direct peer given its shared cooperative legal structure and presence in the Saudi market.
  • Saudi Enaya Cooperative Insurance: Saudi Enaya is a cooperative health insurance provider in Saudi Arabia. It is a direct peer as a Saudi cooperative insurer with a similar legal and operating structure.
  • Walaa Cooperative Insurance: Walaa is a publicly listed Saudi cooperative insurance company offering general, health, and motor insurance. It is a direct peer given its cooperative structure and comparable product breadth in the Saudi market.
  • Gulf General Cooperative Insurance: Gulf General is a smaller Saudi cooperative insurance company offering general insurance products. It is a direct peer given its cooperative structure and comparable product mix in the Saudi market.
  • The Company for Cooperative Insurance (Tawuniya): Tawuniya is the largest cooperative insurance company in Saudi Arabia, offering health, motor, and general insurance lines. It is a direct peer as both companies operate as cooperative insurers under the same Saudi regulatory framework.
  • AXA Cooperative Insurance (Saudi): AXA Cooperative Insurance is a Saudi cooperative insurer offering a range of general and health insurance products. It is a direct peer as a similarly structured Saudi cooperative insurance provider.
  • Bupa Arabia for Cooperative Insurance: Bupa Arabia is a major Saudi cooperative insurer focused on health insurance for corporate and individual clients. It is a direct peer given its cooperative legal structure and Saudi market presence.
  • Salama Cooperative Insurance:

Regional players

  • Mediterranean & Gulf Insurance & Reinsurance (MEDGULF): MEDGULF is a regional insurer offering general and health insurance across the Gulf. It is a regional peer as a comparable cooperative-style insurer operating in adjacent Middle East markets.
  • National Health Insurance Company (Daman): Daman is a leading health insurer in the UAE, operating regionally in the Gulf. It is a regional peer as another Gulf-based insurer with comparable cooperative-style positioning in health insurance.

Market position

Strengths2 records

Weaknesses2 records

Competitive moat1 record

Key risks3 records

Key highlights3 records

Customer concentration

Al Sagr Cooperative Insurance Co. social profiles

Digital presence

Al Sagr Cooperative Insurance Co. financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Al Sagr Cooperative Insurance Co. leadership team

Management profile

Number of profiles

Al Sagr Cooperative Insurance Co. funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Al Sagr Cooperative Insurance Co. M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Al Sagr Cooperative Insurance Co.

What does Al Sagr Cooperative Insurance Co. do?

Al Sagr Cooperative Insurance Co. is a cooperative insurance company operating under the trade name Alsagr. As a cooperative insurer, it provides insurance coverage and risk protection products to its policyholders/members, distributing surplus to participants rather than operating solely for shareholder profit. Specific product lines and detailed service descriptions are not available in the source material.

When was Al Sagr Cooperative Insurance Co. founded?

Al Sagr Cooperative Insurance Co. was founded in 1983. It employs 51 to 100 people.

Where is Al Sagr Cooperative Insurance Co. based?

Al Sagr Cooperative Insurance Co. is headquartered in Al Khobar, Saudi Arabia, in the Middle East region.

Who are Al Sagr Cooperative Insurance Co.'s main competitors?

Direct peers on record are Amana Cooperative Insurance, Saudi Enaya Cooperative Insurance, Walaa Cooperative Insurance, Gulf General Cooperative Insurance, The Company for Cooperative Insurance (Tawuniya), AXA Cooperative Insurance (Saudi), Bupa Arabia for Cooperative Insurance and Salama Cooperative Insurance. Regional players are Mediterranean & Gulf Insurance & Reinsurance (MEDGULF) and National Health Insurance Company (Daman).

Does Al Sagr Cooperative Insurance Co. have an API?

No public API is recorded for Al Sagr Cooperative Insurance Co..

What industry is Al Sagr Cooperative Insurance Co. in?

Al Sagr Cooperative Insurance Co.'s product category is Cooperative Insurance. Its primary akta.pro industry code is HLAEABAH, CO-OP / Nonprofit Individual Market Plans. Its NAICS code is 5241 and its SIC code is 6399.

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Live signals
ArgaamFitch revises Al Sagr’s outlook to ‘Stable’Al Sagr Cooperative Insurance Co. said Fitch Ratings revised its outlook on the insurer to "Stable" from "Negative," while affirming its Insurer Financial Strength rating at "BBB" and National Long-Term rating at "A+(sau)." The change reflects improved underwriting performance in H1 2026 and better governance, with no costs attached.SahmcapitalAl Sagr Insurance Secures Renewed License Through September 2028Al Sagr Cooperative Insurance Company received approval from the Insurance Authority in Saudi Arabia to renew its insurance license through September 2028. The renewed license covers General and Health Insurance lines of business for a two-year period effective from September 12, 2026.ArgaamAl Sagr gets IA nod to use statutory reserve to cut accumulated lossesAl Sagr Cooperative Insurance Co. received approval from Saudi Arabia's Insurance Authority to use its entire statutory reserve of SAR 8.9 million to offset part of its accumulated losses. The accumulated losses of SAR 40.5 million represent 13.5% of the company's capital based on financial statements for the three-month period ended March 31. The approval is not final and is subject to shareholder ratification at the upcoming general assembly meeting.SahmcapitalAlsagr Insurance Gets Regulator Nod for SAR 8.9M Reserve OffsetAlsagr Cooperative Insurance Co. announced on July 15, 2026, that it received approval from the Saudi insurance regulator to offset SAR 8.9 million from its statutory reserve against accumulated losses of SAR 40.5 million, representing 13.5% of the company's capital as of March 31, 2026. The reserve offset follows a Board of Directors recommendation dated June 16, 2026, but remains contingent on final ratification at a General Assembly meeting. This development allows the company to reduce its accumulated losses, which had triggered concerns about capital adequacy under Saudi insurance regulations.SahmcapitalAl Sagr Signs Major Motor Insurance Contract with Key RentAl Sagr Cooperative Insurance Co. announced on June 29, 2026 the signing of a motor insurance contract with Key Rent a Car Company Ltd on June 28, 2026. The contract provides commercial motor comprehensive insurance services for Key Rent a Car's vehicle fleet for one year from July 1, 2026 to June 30, 2027, with a value exceeding 5% of Al Sagr's total written premiums according to its 2025 audited financial statements. The company expects the contract to have a positive impact on its financial results for 2026-2027.ArgaamAl Sagr shareholders approve liability lawsuit against 2 board membersShareholders of Al Sagr Cooperative Insurance Co. approved filing a liability lawsuit against board members Saud Al-Arifi and Yasser Al-Harbi during an ordinary general meeting on June 22. The legal action relates to alleged violations of the company's approved authority regulations, involving the alleged exercise of executive powers during their tenure. The company's board had previously recommended this action in November 2025.ArgaamAl Sagr board plans using statutory reserve to cushion accumulated lossesAl Sagr Cooperative Insurance Co.'s board of directors recommended using its SAR 8.9 million statutory reserve to offset part of accumulated losses of SAR 40.5 million, which represent 13.5% of the company's capital. The recommendation will be submitted to the general assembly for approval after obtaining regulatory clearances. The company recently returned to profitability, reporting a net profit of SAR 1 million in Q1 2026 versus a net loss of SAR 17.9 million in the same period last year.