Amana Cooperative Insurance

What Amana Cooperative Insurance does

Amana Cooperative Insurance Company is a Saudi Arabia-based public shareholding company (founded 1991, headquartered in Riyadh, listed on TADAWUL under ticker 8310) that provides a broadly diversified insurance portfolio to both individual and corporate customers. Its individual line comprises Motor, Travel, and Personal Accident insurance, while its corporate line spans Healthcare, Marine, Engineering, Property, Workmen Compensation, Money, Fidelity Guarantee, and General Liability products. The company is regulated by the Saudi Insurance Authority (License No. TMN 30/20107) and authorized to issue CCHI-compliant health insurance, which is a structural prerequisite for serving Saudi employers.

The company operates a hybrid distribution model. Individual products are served through a digital self-service portal (online.amana.sa) that supports online motor quotations, policy renewals, and claims submission, while corporate products are distributed through a dedicated quotation form, sales team engagement, and a physical branch network spanning Riyadh (headquarters and sales center), Jeddah, Al Khobar, Dammam, Taif, and Al Madinah. Customer service is supported through toll-free and international phone lines, a medical approvals line, and dedicated customer care and fraud channels. The company also extends its digital platform to non-insurance services, such as visit visa extensions via online-visitvisa.amana.sa.

Amana generates revenue through insurance premiums collected on annual cycles, with pricing determined by risk profile, coverage type, and demographic factors rather than publicly disclosed rate cards. Reported revenue grew from $185.7M (2023) to $226.1M (2024) to $284.5M (2025), but profitability has been volatile — net income of $25.4M (2023) and $12.0M (2024) turned to a $13.3M loss in FY2025, with a further SAR 23.2M loss in H1 2026. To address accumulated losses of SAR 129M, the board proposed a 30% capital reduction (from SAR 430M to SAR 301M) in August 2026, while the stock nonetheless reached a 52-week high of SAR 8.80 with a 35% year-to-date gain in July 2026.

Name

Amana Cooperative Insurance

Legal name

Amana Cooperative Insurance Company

Website

https://amana.sa

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

101–250 employees

Short description

Amana Cooperative Insurance is a Saudi-listed insurer offering individual (Motor, Travel, Personal Accident) and corporate (Healthcare, Marine, Engineering, Property, Workmen, Money, Fidelity, General) insurance products through a digital portal and a multi-branch network across Saudi Arabia.

Ownership category

akta.pro rank

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: Amana Cooperative Insurance generates revenue through collection of insurance premiums from policyholders. The company offers individual products (Motor, Travel, Personal Accident) and corporate products (Healthcare, Marine, Engineering, Property, Workmen, Money, Fidelity, General). Premiums are collected as recurring payments for coverage periods.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Amana Cooperative Insurance Company is a Saudi Arabia-based publicly listed insurer that underwrites and distributes a comprehensive portfolio of insurance products to individuals and corporations under license from the Saudi Insurance Authority. Individual products include Motor, Travel, and Personal Accident insurance, while corporate products span Healthcare, Marine, Engineering, Property, Workmen Compensation, Money, Fidelity Guarantee, and General Liability insurance, all delivered through a digital portal (online.amana.sa) and a multi-branch physical network.

Product overview

Amana Cooperative Insurance Company offers a comprehensive portfolio of insurance products across two main segments: Individual (Motor Insurance, Travel Insurance, Personal Accident Insurance) and Corporate (Healthcare Insurance, Marine Insurance, Engineering Insurance, Property Insurance, Workmen Compensation Insurance, Money Insurance, Fidelity Guarantee Insurance, General Liability Insurance). The company also provides a digital service for extending visit visas. All products are offered through digital channels including an online portal (online.amana.sa) and are supported by a network of branches across Saudi Arabia (Riyadh, Jeddah, Al Khobar, Dammam, Taif, Al Madinah).

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Insurance Vehicle insurance covering accidents, damages, liability, and financial protection for car owners, with online quotation, claims submission, and renewal capabilities accessible through the online.amana.sa portal.
• Travel Insurance Travel protection product offering emergency support, trip-related coverage, and customer support access for individuals traveling domestically or internationally.
• Personal Accident Insurance Accident protection product providing coverage against accident-related exposure with a streamlined individual product journey and support channel access.
• Healthcare Insurance Corporate group health insurance provided in compliance with unified healthcare insurance policy terms, covering inpatient/outpatient services, maternity, dental, eye glasses, kidney dialysis, psychiatric cases, disability, autism, Alzheimer, and degenerative heart valve deficiencies for employees and eligible dependents.
• Marine Insurance Marine cargo insurance covering goods transported by land, sea, or air against all perils or named perils, with worldwide coverage for imports and exports.
• Engineering Insurance Contractors all-risks policy designed for contractors and sub-contractors engaged in civil construction projects such as buildings, bridges, and road works, including third-party liability coverage.
• Property Insurance Property coverage protecting premises and contents against fire, burglary, natural disasters, water pipe bursts, vehicle impacts, aircraft impacts, strikes, riots, and civil commotion for homeowners, renters, commercial firms, and industrial companies.
• Workmen Compensation Insurance Workmen's compensation policy covering employers against employee death, disablement, or work-related disease risks as mandated by Saudi Labour Law.
• Money Insurance Policy covering loss of money including cash, cheques, bonds, and other forms of money in transit or in safes at the insured's premises.
• Fidelity Guarantee Insurance Fidelity guarantee policy covering insured entities against financial losses from employee embezzlement acts, particularly for employees with regular access to monies such as accountants, cashiers, and store keepers.
• General Liability Insurance General liability insurance providing protection from legal cases arising from damages to third parties resulting from the insured's activities, typically sought by transporters, contractors, stevedores, and manufacturers.
• Extend Visit Visa Digital service enabling visitors in Saudi Arabia to extend their visit visas, offered through Amana's online portal.

Quantifiable outcome

• Digital self-service capabilities for motor insurance including online quotation, claims submission, renewals, and IBAN updates

Segments11 records

Ideal customer profiles10 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• The Company for Cooperative Insurance (Tawuniya): One of the largest and oldest Saudi cooperative insurers, publicly listed on TADAWUL. Directly comparable multi-line cooperative insurer offering motor, health, property, marine, and engineering — the same product mix as Amana across the same Saudi market.
• Bupa Arabia for Cooperative Insurance: Largest health-focused cooperative insurer in Saudi Arabia, also publicly listed on TADAWUL. Directly comparable as a fellow Saudi cooperative insurer offering CCHI-compliant group health and broader lines, competing for the same Saudi corporate and individual customers.
• Gulf Union Cooperative Insurance: Saudi cooperative insurer listed on TADAWUL, providing motor, medical, property, marine, and engineering coverage. Direct peer operating under the same cooperative insurance structure in Saudi Arabia.
• Walaa Cooperative Insurance: Saudi cooperative insurer listed on TADAWUL offering motor, health, property, marine, engineering, and other lines. Direct multi-line peer competing for Saudi corporate and individual insurance customers.
• Saudi Enaya Cooperative Insurance: Saudi cooperative health-focused insurer also offering motor and general lines. Comparable as a TADAWUL-listed cooperative peer with overlapping CCHI-regulated health and motor products.
• Salama Cooperative Insurance: Saudi cooperative insurer offering individual and corporate products including motor, health, marine, and engineering. Comparable as a multi-line cooperative peer under the same regulatory framework (Insurance Authority, CCHI).
• Al-Etihad Cooperative Insurance: Saudi cooperative insurer offering a broad multi-line product portfolio to individuals and corporates. Comparable as a fellow TADAWUL-listed cooperative insurer with overlapping product and customer mix.
• Arabia Insurance Cooperative: Saudi cooperative insurer offering motor, medical, and general lines to individuals and corporates. Comparable as a TADAWUL-listed multi-line peer in the same regulatory environment.
• United Cooperative Assurance (UCA): Saudi cooperative insurer providing motor, health, and general insurance lines. Comparable as a multi-line Saudi cooperative competitor with a similar individual-plus-corporate go-to-market approach.

Broad incumbents

• Chubb Insurance Saudi Arabia: Global insurance carrier operating in Saudi Arabia with broad P&C, accident & health, and specialty lines. Comparable as an established incumbent offering overlapping products through corporate distribution in the same Saudi market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/amanasaudi
• Instagraminstagram.com/amanasaudi

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

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 Amana Cooperative Insurance