MIG Holding Ltd (MIG Group), part of the larger Mawarid Group, was established in the Dubai International Financial Centre (DIFC) in 2015 and it is licensed by the Dubai International Financial Centre Authority (DIFCA). The MIG Group roots go back to 1952 when the predecessor of Arab Commercial Enterprises Ltd) was founded in Al-Khobar, Saudi Arabia.
The MIG Group Companies, have been the pioneers of the Insurance Industry in the region for more than 68 years. The Group operations now spread across Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, UAE, Yemen, Lebanon and Greece. For many years the MIG Group Companies have had associations with major international players; those associations have enhanced the capabilities of the Group Companies giving them unparalleled local prominence with direct access to the world insurance markets.
MIG Group has evolved with time and it is now an investment vehicle in insurance related businesses within the Middle East & North Africa (MENA) region. MIG Group, is regarded as the leading, private investor in insurance, reinsurance and related services within the Middle East. Within the MIG Group there are three investment vehicles, namely;…
ACE Holding WLL The objective of this vehicle is to invest in insurance broking, reinsurance broking, insurance consultancy and insurance agencies / MGAs. DAMANA Holding WLL The objective of this vehicle is to invest in third party administration companies, insurance and reinsurance carriers.
Preminen MENA Price Comparison W.L.L. It is a vehicle created jointly with Preminen Price Comparison Holdings to invest and develop the Comparison Platform business in the MENA region. It aggregates MIG regional knowledge with Preminen Technological platform and worldwide business know-how on Comparison platforms.
Mawarid Group of Companies was founded in 1968 and incorporated in its present structure in 1979. With a vision to be a solid pillar for the development of the Kingdom of Saudi Arabia, Mawarid has evolved over the years into a conglomerate of diverse commercial activities with a bold global reach and strong local roots.
The Group’s mission is focused on growing its Founder’s legacy of a diverse investment portfolio while proudly maintaining the Group’s values of excellence, innovation, integrity and social responsibility.
At present, the Group has investments in and operates numerous subsidiaries and joint ventures. Its activities span across various sectors including: financial services, media, telecommunications, electronics, trading, real estate, operation and maintenance (O&M), security services, manufacturing, mining, agri-business, restaurants, convenience stores and catering.
The Group’s portfolio is organized under four main groups: Media & Telecommunications, Distribution & Trading, Projects & Services and Investments and Financial Services, which covers Mawarid’s interest in MIG, and a joint venture with American Express in the Middle East.
The pioneer of the Insurance industry in the Kingdom of Saudi Arabia, ACE has earned the loyalty of its clients and the respect of its peers by continuously delivering on its promises for over 65 years. Today, ACE is a leading insurance and reinsurance broking organization in the GCC, which is backed by 220 experienced professionals. ACE provides tailor-made solutions and comprehensive claims and risk management services to clients locally through 16 offices in 8 different countries. Visit the website
DAMANA, is a leading insurance organization in the GCC. Originally founded in 1964, DAMANA offers a wide range of insurance solutions for personal and corporate use. DAMANA provides tailor-made solutions for its clients in most sectors of insurance and services clients locally through 7 offices in 5 countries in the Gulf and Lebanon. DAMANA’s growth, is powered by its team of over 200 specialized employees. DAMANA received its inaugural financial strength rating by AM best in 2015 and today, DAMANA helps clients aim for success, overcome hurdles and achieve their business aspirations DAMANA and SAICOHEALTH are registered trademarks for Saudi Arabian Insurance Company B.S.C. ( c ). Visit the website SAICOHEALTH is DAMANA’s dedicated medical insurance product, has propelled the company to a market-leading presence in the sector. Through its fully-owned third party administrator and its one card solution, SAICOHEALTH commits to the provision of world-class, full-service health coverage to corporate and private clients across the GCC and Lebanon. Visit the website
It is a vehicle created jointly with Preminen Price Comparison Holdings to invest and develop the Comparison Platform business in the MENA region. It aggregates MIG regional knowledge with Preminen Technological platform and worldwide business know-how on Comparison platforms.