Company Profile

Part of MIG group of companies, Damana was founded in 1964 as Saudi Arabian Insurance Group, a regional insurer with well-established operations in all of the GCC countries and Lebanon.

Damana international connections for complex and specialized risk placement are impeccable. Damana deals in Medical as well as all other lines of insurance, and has an excellent reputation in the region. Damana has a long successful history in the region as its predecessors have been in existence in the Middle East for nearly half a century.

The segments and regions in which Damana operate can broadly be divided into:

1. Direct Operations:
  • Saudi Arabian Insurance Company B.S.C. (c) in the Gulf: Bahrain, Kuwait, Oman, Qatar, and the U.A.E.
  • Saudi Arabian Insurance Company S.A.L. in Lebanon
2. Investments in other companies:
  • Saudi Arabian Cooperative Insurance Co., Saudi Arabia
  • Al Safat Takaful Co., Kuwait
  • Yemen General Insurance Company, Republic of Yemen
  • Gulf Assist, Kingdom of Bahrain
  • Arab Reinsurance Company, Lebanon