Malath Cooperative Insurance Co 2021 AR2
The report highlights Malath Cooperative Insurance's performance and strategic progress for the fiscal year 2021. The company achieved outstanding sales growth of 21% year-on-year, with gross premiums written reaching SAR 942,107,000, driven primarily by strong results in the medical insurance segment. Malath made significant strides in digitalization, launching its inherent defects insurance program and expanding electronic service platforms. In terms of human capital, the company achieved a Saudization rate of 73.5% and increased female staff representation to 25.7% of the total workforce. Additionally, the company focused on community initiatives, including contributions to the Jood Aleiskan platform and environmental efforts to reduce single-use plastics.
Company: Malath Cooperative Insurance Co
Sector: Finance & insurance
Country: Saudi Arabia
Year: 2021
Type: AR2
Pages: 123
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Malath Cooperative Insurance Co
Annual Report
The report highlights Malath Cooperative Insurance's performance and strategic progress for the fiscal year 2021. The company achieved outstanding sales growth of 21% year-on-year, with gross premiums written reaching SAR 942,107,000, driven primarily by strong results in the medical insurance segment. Malath made significant strides in digitalization, launching its inherent defects insurance program and expanding electronic service platforms. In terms of human capital, the company achieved a Saudization rate of 73.5% and increased female staff representation to 25.7% of the total workforce. Additionally, the company focused on community initiatives, including contributions to the Jood Aleiskan platform and environmental efforts to reduce single-use plastics.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Published
Mar 7, 2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees