Allied Cooperative Insurance Group (8150.SR) engages in cooperative insurance operations and related activities in the Kingdom of Saudi Arabia. The company offers medical insurance; motor insurance including third-party liability, comprehensive retail, motor fleet, and manafeth motor products; property insurance; engineering and contract works insurance; marine insurance; and general insurance encompassing medical malpractice, worker's compensation, product liability, commercial general liability, personal accident, travel, and other general accident coverages; together with reinsurance products such as general accident quota share and surplus, travel quota share, property quota share and surplus, and marine quota share and surplus. Allied Cooperative Insurance Group operates primarily within the Saudi insurance market, targeting individuals, businesses, and groups across various sectors with a focus on diversified non-life insurance segments. Founded in 2007 and headquartered in Riyadh, Saudi Arabia, the company maintains a paid-up capital of SAR 291 million with prominent shareholders including the Islamic Development Bank. In July 2025, its board recommended a capital increase through a rights issue share offering to bolster financial position and growth initiatives.