Arabian Shield Cooperative

Providing insurance in several different sectors, for both individuals and companies.

Launch date

1997

Employees

Market cap

Enterprise valuation

CAD527m (Public information from Sep 2024)

Riyadh Riyadh Region (HQ)

http://der3.com

https://twitter.com/arabianshieldco https://www.linkedin.com/company/arabian-shield-cooperative-insurance-company/

Revenues, earnings & profits over time

SAR	2017	2018	2019	2020	2021	2022	2023
Revenues	-	-	491m	409m	436m	670m	870m
% growth	-	-	-	(17 %)	7 %	53 %	30 %
EBITDA	110m	36.0m	18.0m	46.0m	38.0m	52.0m	154m
% EBITDA margin	-	-	4 %	11 %	9 %	8 %	18 %
Profit	-	-	7.3m	34.8m	29.0m	30.8m	44.2m
% profit margin	-	-	1 %	8 %	7 %	5 %	5 %
EV / revenue	-	-	0.2x	0.5x	1.5x	1.3x	1.2x
EV / EBITDA	2.6x	3.4x	6.5x	4.5x	17.0x	16.5x	6.6x

Date	Investors	Amount	Round
Feb 2010	N/A	N/A	IPO
Feb 2024*	Alinma Bank	N/A	POST IPO SECONDARY
Total Funding		-

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