News Middle East08 Jun 2020

MENA:Bupa Arabia tops list of listed insurers in the region

08 Jun 2020

The total market capitalisation of the top 20 publicly listed insurance companies in the MENA region amounted to about $11.6bn.

The listing is based on market capitalisation on stock exchanges in the region as at 9 March 2020, according to a report in Al Watan.

Insurers in Saudi Arabia dominate the list with eight companies with a combined market value of $6.996bn.

There were also six companies incorporated in the UAE; three in Morocco and three in Kuwait.

The 20 largest publicly listed insurance companies in the MENA are:

 

Insurance company

Country

Market capitalisation $

1

Bupa Arabia

Saudi Arabia

2.7bn

2

Tawuniya

Saudi Arabia

2.0bn

3

Wafa Assurance

Morocco

1.50bn

4

Abu Dhabi National Insurance

UAE

590m

5

Saham Insurance

Morocco

575m

6

Al Rajhi Takaful

Saudi Arabia

561m

7

Al Wathba National Insurance

UAE

525m

8

Atlanta Insurance

Morocco

445m

9

Gulf Insurance Group

Kuwait

373m

10

AXA Cooperative Insurance

Saudi Arabia

341m

11

MedGulf

Saudi Arabia

318m

12

Emirates Insurance

UAE

311m

13

Oman Insurance

UAE

290m

14

Al Ahlia Insurance

Kuwait

282m

15

Walaa Cooperative Insurance

Saudi Arabia

212m

16

Kuwait Insurance

Kuwait

200m

17

Saudi Re

Saudi Arabia

164m

18

Al Ain Ahlia Insurance

UAE

149m

19

Islamic Arab Insurance (Salama)

UAE

143m

20

Al Alamiya

Saudi Arabia

141m

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