Wataniya Insurance Company

Saudi Stock Exchange 8300.SR

Wataniya Insurance Company Gross Profit for the year ending December 31, 2023: USD 467.16 M

Wataniya Insurance Company Gross Profit is USD 467.16 M for the year ending December 31, 2023, a 210.48% change year over year. Gross profit is the difference between revenue and the cost of revenue, representing the profit earned from core business operations.
  • Wataniya Insurance Company Gross Profit for the year ending December 31, 2022 was USD 150.46 M, a 1.23% change year over year.
  • Wataniya Insurance Company Gross Profit for the year ending December 31, 2021 was USD 148.63 M, a 16.05% change year over year.
  • Wataniya Insurance Company Gross Profit for the year ending December 31, 2020 was USD 128.07 M, a -4.78% change year over year.
  • Wataniya Insurance Company Gross Profit for the year ending December 31, 2019 was USD 134.50 M, a 13.19% change year over year.
Key data
Date Gross Profit Operating Income EBIT EBITDA
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Saudi Stock Exchange: 8300.SR

Wataniya Insurance Company

CEO Mr. Haitham Habib Mohammed Ali Albakree
IPO Date June 17, 2010
Location Saudi Arabia
Headquarters E.A. Juffali & Brothers H.O. Building
Employees 81
Sector Finance
Industries
Description

Wataniya Insurance Company offers a range of insurance products and services in the Kingdom of Saudi Arabia. It operates through Marine, Property, Motor, Engineering, Accident & Liability, Extended Warranty, and Term Life segments. It provides various insurance products, including motor insurance; general accident and casualty insurance products, comprising fidelity guarantee, money, personal accident, public liability, work injury compensation, medical malpractice, burglary, glass breakage, business all risk, business travel, and exhibition insurance products; and liability insurance includes general third-party liability, product liability, workmen's compensation/employer's liability, and professional indemnity. The company also provides marine cargo insurance products, which include land transit, marine cargo, and marine hull insurance; employee benefits insurance; and engineering insurance products comprising contractor all risk, construction, mechanical, electrical, contractors' plant and machinery, electronic equipment, erection all risk, machinery breakdown, and deterioration of stock insurance. In addition, it offers property insurance products comprising property all risk, fire and lightning, household comprehensive, and terrorism risk insurance; extended warranty coverage against damages to motor vehicles; and term life coverage against the insured's death. The company was founded in 1975 and is headquartered in Jeddah, the Kingdom of Saudi Arabia.

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StockViz Staff

January 15, 2025

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