Amjed Shacker

Sanad Cooperative Insurance Co. engages in the cooperative insurance operations and related activities and offers insurance products for both retail and commercial consumers. It operates through the following segments: Health Care Products, Motor Insurance, Marine Insurance, Engineering Insurance, and Others. The Health Care Products segment provides medical cover to policyholders. The Motor Insurance segment provides coverage against losses and liability related to motor vehicles, excluding transport insurance. The Marine Insurance segment includes marine cargo including inland transit, open cover, and marine hull products. The Engineering Insurance segment is made up of erection all risk, machinery breakdown, contractors' all risk, contractors' plant and equipment, and other product lines. The Others segment comprises of property insurance, general accident insurance, and casualty insurance including fire and fidelity guarantee and public liability coverage. The company was founded on June 30, 2007 and is headquartered in Riyadh, Saudi Arabia.