ACIG : : Media Center

The Allied Cooperative Insurance Group (ACIG) Announces Obtaining the SAMA’s Approval to increase the capital from SR 100 million, to SR 200 Million through rights issue. (Under process)

ACIG selects Propaganda as marketing agent

10/7/2009 , Source: Saudi Gazette

JEDDAH - Allied Cooperative Insurance Group (ACIG) announced that Propaganda will be an advertising agent and marketing consultant for future work in the Kingdom.

Mideast market poised for growth

4/2/2009 , Source:

The insurance market in the Middle East will continue to see growth in certain sectors, especially the Shariah-compliant cooperative insurance or Takaful, and personal lines such as life and health insurance, analysts at credit ratings’ agency Standard and Poor’s said.

Health insurance for Saudi domestic workers

4/1/2009 , Source:

JEDDAH -- The compulsory health insurance scheme that will be implemented shortly for the estimated four million domestic workers in the Kingdom is in the final stages of implementation, according to Health Minister Dr. Hamad Al-Manie.

Perspective: Healthcare in the Gulf: the next big opportunity

4/1/2009 , Source:

Healthcare facilities in the Gulf Cooperation Council (GCC) are inadequate currently to meet the growing pressure from population growth, an aging population and increasing health hazards. It is time for government and the people to open their eyes to international insurance players who could manage and finance health care facilities. The GCC has been a very attractive region from an investor perspective, until only recently escaping the wider impact of the global credit crunch. Despite a predicted slowdown in growth (falling to 3.5% this year, from 6.8% last year) analysts agree that the overall prospects for the region remain good with a conservative approach to the management of wealth created in the recent boom creating scope to absorb current pressures.