American International Group & Arab National Bank Cooperative Insurance Company

American International Group & Arab National Bank Cooperative Insurance Company (referred to hereinafter as the “Company”) is a Saudi joint stock company (under formation). The incorporation of the Company has been approved in accordance with Ministerial Resolution No. 119 dated 13/04/1431H (corresponding to 29/03/2010G), Royal Decree No. M/22 dated 15/04/1431H (corresponding to 31/03/2010G) and its amended articles of incorporation notarized by the notary public in Riyadh under page No. 64, number 815, volume No. 28 dated 14/01/1434H (corresponding to 28/11/2012G). The share capital of the Company shall be SAR 175,000,000 (one hundred seventy five million Saudi Riyals) consisting of 17,500,000 (seventeen million five hundred thousand) ordinary shares at a nominal value of SAR 10 (ten Riyals) per share (the “Shares”). Following completion of the Offering and the conclusion of the constituent general assembly meeting, an application shall be submitted to the Minister of Commerce and Industry requesting the announcement of the incorporation of the Company. The Company shall be considered duly incorporated as a Saudi joint stock company from the date of issuance of the Resolution of the Minister of Commerce and Industry declaring its incorporation. The Constituent General Assembly, has approved to change the name of the Company to "MetLife - AIG - ANB Cooperative Insurance Company" on 10/9/1434 H. corresponding to 18/7/2013 G. A letter of no objection has been issued by SAMA under number 341000101244 dated 16/08/1434 H corresponding to 25/6/2013 G. The approving Ministerial resolution has been issued from Ministry of Commerce and Industry under number (243 / Q) on 22/10/1434 H. corresponding to 29/8/2013 H. MetLife - AIG - ANB Cooperative Insurance Company announces the receipt of SAMA authorization to practice insurance business in the kingdom of Saudi Arabia as per authorization certificate number 35/20142 dated 26/4/1435 H corresponding to 26/2/2014 G and SAMA letter number 351000055374 dated 1/5/1435 H corresponding to 2/3/2014 G received on 2/5/1435 H corresponding to 3/3/2014 G .
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Contact Information
Riyadh: Al-Munajem Tower - King Fahad Road - Olaya District P.O. Box: 56437, Riyadh 11554 Kingdom of Saudi Arabia
Phone: 966-11-5109300
Fax: 966-11-5109396
Company Email:
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