Riyadh – Mubasher: The Capital Market Authority (CMA) has approved Al Etihad Cooperative Insurance Company's request to increase its capital from SAR 450 million to SAR 500 million through 5 million bonus shares. The company will carry out the …
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) has completed the acquisition of a 51% stake in Allianz Saudi Fransi Cooperative Insurance Company, according to a press release. The transaction will enable ADNIC to become one of …
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company submitted an application file to the Capital Market Authority (CMA) on 17 April 2024 to increase its capital to SAR 380 million. The insurance firm plans to raise its capital by offering …
Riyadh – Mubasher: The board of Al Etihad Cooperative Insurance Company has recommended the distribution of SAR 27 million in cash dividends for 2023. The proposed dividends are equivalent to SAR 0.60 per share to be distributed to 45 million …
Riyadh – Mubasher: The Company for Cooperative Insurance’s (Tawuniya) board members suggested, in their 8 April 2024 meeting, a cash dividend payout worth SAR 1 per share for 2023. Subject to all relevant approvals, the 2023 cash dividends would …
Riyadh – Mubasher: The board of Gulf Insurance Group (GIG) recommended, in its 4 April 2024 meeting, the distribution of SAR 1.50 per share as a cash dividend for 2023. Upon the shareholders’ approval, the company would pay out a total of SAR …
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) recorded a 63.61% year-on-year (YoY) jump in net profit after Zakat attributable to shareholders of SAR 124.42 million in 2023 from SAR 76.05 million. Insurance revenues declined by 10.02% …
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has named Ahmed Ali Al Jabr as its Acting CEO, effective on 1 April 2024. The board members greenlighted the appointments on 15 March 2024, while the insurance authority granted its approval …
Riyadh – Mubasher: Gulf Union Al Ahlia Cooperative Insurance Company shifted to profitability in 2023, registering a net profit after Zakat attributable to shareholders of SAR 125.03 million, versus a net loss of SAR 18.30 million a year earlier. …
Riyadh – Mubasher: Amana Cooperative Insurance Company turned to profitability in 2023, recording a net profit after Zakat attributable to shareholders of SAR 25.43 million, compared to a net loss of SAR 48.18 million a year earlier. Insurance …
Riyadh – Mubasher: Malath Cooperative Insurance Company (Malath Insurance) turned to profitability in 2023, recording a net profit after Zakat attributable to shareholders of SAR 38.18 million, compared to a net loss of SAR 41.37 million. …
Riyadh – Mubasher: The net profit after Zakat attributable to shareholders of Aljazira Takaful Taawuni Company grew 14.88% year-on-year (YoY) to SAR 44.25 million in 2023 from SAR 38.52 million. Insurance revenues jumped 36.89% YoY to SAR 301.95 …
Riyadh – Mubasher: Arabia Insurance Cooperative Company logged an 875.19% year-on-year (YoY) surge in net profit after Zakat attributable to shareholders to SAR 60.46 million in 2023 from SAR 6.20 million. Insurance revenues jumped 49.64% YoY to …
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) shifted to net profits after Zakat worth SAR 201.47 million in 2023, versus losses of SAR 396.87 million in 2022. Insurance revenues increased by 26.07% …
Riyadh – Mubasher: United Cooperative Assurance Company shifted to profitability in 2023, recording a net profit after Zakat attributable to shareholders of SAR 5.29 million, versus a net loss of SAR 55.48 million a year earlier. Insurance …
Riyadh – Mubasher: Saudi Arabian Cooperative Insurance Company (SAICO) swung to profitability during the financial year 2023, recording a net profit after Zakat attributable to shareholders of SAR 71.09 million, compared to a net loss of SAR 61.64 …
Riyadh – Mubasher: Gulf General Cooperative Insurance Company turned to profitability in 2023, recording a net profit after Zakat attributable to shareholders of SAR 3.53 million, compared to a net loss of SAR 106.01 million a year earlier. …
Riyadh – Mubasher: The board members of Salama Cooperative Insurance Company proposed a capital hike to SAR 300 million by offering rights issues valued at SAR 100 million, according to a bourse statement. The board’s recommendation, which was …
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company turned to profitability during the full year 2023, recording a net profit after Zakat attributable to shareholders of SAR 20.22 million, compared to a net loss of SAR 6.35 million a year …
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company recorded a 97.95% year-on-year (YoY) surge in net profit after Zakat attributable to shareholders to SAR 24.81 million in 2023 from SAR 12.53 million. The insurance revenues grew 10.05% …
Riyadh – Mubasher: The net profit after Zakat attributable to shareholders of Arabian Shield Cooperative Insurance Company skyrocketed by more than 15,943% year-on-year (YoY) to SAR 65.13 million in 2023 from SAR 406,000. Insurance revenues rose …
Riyadh – Mubasher: Allianz Saudi Fransi Cooperative Insurance Company reported a 331.29% year-on-year (YoY) surge in net profit after Zakat attributable to shareholders to SAR 36.98 million in 2023 from SAR 8.57 million. Insurance revenues grew by …
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company recorded a 639.22% year-on-year (YoY) jump in net profit after Zakat attributable to shareholders to SAR 93.89 million in 2023 from SAR 12.70 million. Insurance revenues grew 12.05% YoY to …
Riyadh – Mubasher: Walaa Cooperative Insurance Company shifted towards profitability in 2023, recording a net profit after Zakat attributable to shareholders of SAR 147.97 million, compared to a net loss of SAR 68.08 million a year earlier. …
Riyadh – Mubasher: Ejaro partnered with The Company for Cooperative Insurance (Tawuniya) to boost the car rental market in line with Saudi Arabia's Vision 2030, according to a press release. Tawuniya led the Saudi peer-to-peer (P2P) car rental …
