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Marafiq Insurance Limited (MIL)

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Marafiq Insurance Limited (MIL) is an insurance company that was registered in Guernsey on 23 December 2005. It’s fully owned by Marafiq. MIL’s main role is to provide property and machinery breakdown insurance for the company.

Key details about MIL

  • The company’s authorized share capital is USD 1.6 million, which is equivalent to SAR 6,000,000 as of 31 March 2022.
  • MIL can cover up to USD 2.67 million (equivalent to SAR 10,012,500 as of 31st March 2022). The total coverage limit is USD 5.34 million (equivalent to SAR 20,025,000 as of 31st March 2022).
  • MIL’s paid-up share capital is USD 560,000 (equivalent to SAR 2,100,000 as of 31st March 2022). This capital is divided into 1,599,999 shares, each valued at USD 0.35 (equivalent to SAR 1.31 as of 31st March 2022).
LOCATION

Jubail (Headquarters)
P.O.Box 11133
Jubail Industrial City, 31961, Kingdom of Saudi Arabia

Yanbu 
P.O.Box 30144
Yanbu Industrial City, Kingdom of Saudi Arabia

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