Company Profile

MIG Holding Ltd (MIG Holding) a DIFC licensed company is the holding for a group of companies operating in the Middle East. MIG Holding is part of the larger Mawarid Group of Companies (MHC) which was founded in 1968 as a privately owned Group by a reputable business oriented Saudi Family. The business of the MHC is diversified with focus on 5 segments as follows;

  1. “Investment and Financial Services Group" which manages MHC’s investments in real estate, equity investments in joint stock companies and investments in financial services such as Mawarid Insurance Group and American Express card services in the Middle East and North Africa.
  2. Projects Group includes various types of activities focusing on construction, medical, security, catering, landscaping, pest control, cleaning and waste management.
  3. Distribution & Trading Group has exclusive agency rights for leading cosmetic brands, operation of convenience stores, retail outlets, fast food restaurants, whole sale distribution, poultry farming and ancillary products.
  4. Media & Communication Group is involved in telecommunication, Media production and delivery, and integration of communication services.
  5. Energy & Natural Resources Group is involved in Gas & Oil and exploration for mineral resources.                

In 2012, MIG Holding celebrated its 60th anniversary as the pioneer of the Insurance Industry in the GCC region.  Previously known as the ACE Group, the MIG Holding has rapidly grown to become the owner of the largest indigenous insurance and reinsurance organization in the Middle East. The group operational companies have operations and offices throughout the GCC, Yemen, Lebanon and Greece.

In 1973, MIG Holding became associated with major players in the international insurance markets.  This association has enhanced the capabilities of the group operational companies considerably and gave it greater access to the world insurance markets.

The regions in which MIG Holding companies operate are broadly divided into:

  1. Saudi Arabia (Al Khobar, Dammam, Dhahran, Jubail, Jeddah, Makkah, Yanbu & Riyadh)
  2. Gulf (Bahrain, Kuwait, Oman, Qatar, and the U.A.E.)
  3. International: (Greece, Lebanon, and Yemen).

The MIG Holding consists of the following companies:

  1. ACE Holding WLL
  2. DAMANA Holding WLL
  3. Other Corporate Companies