SNIC Insurance, formerly known as Saudi National Insurance Company, was established in1974 with its current headquarter in the Kingdom of Bahrain. The shareholders of the Company are E. A. Juffali and Brothers, Munich Reinsurance Company and Zurich Insurance Company. SNIC Insurance operated in KSA until 2010 when Wataniya was established.
Alawwal Bank is the longest-established provider of financial products and services to the Kingdom’s leading companies, from the largest corporations to its fast-growing smaller enterprises. The oldest bank in Saudi Arabia with 60 branches throughout the Kingdom.
New Reinsurance Company Ltd. (“NewRe”) was founded in Zurich in 1926 and has been part of Munich Re since 1988.
E.A.Juffali and Brothers
One of the most reputable conglomerates in the Kingdom both in trading and manufacturing.
- Public Shareholding 35.25%
- SNIC Insurance 27.5%
- Alawwal Bank 20%
- New Re 10%
- Saudi High Profile Individuals 2.25%
- E.A. Juffali & Bros. 5%