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01 September 11:22 PM

Sector News

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02:01 PM Saudi Re conducts earnings call for H1-26
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) conducted an earnings conference call for investors, financial analysts, and investment representatives on 31 August  2026. The session, organized in coordination with Argaam Capital, focused …
Banking and Finance
Fitch Ratings
31 August 07:22 AM Fitch revises Al Sagr Cooperative Insurance’s outlook to stable
Riyadh – Mubasher: Fitch Ratings has revised the outlook of Al Sagr Cooperative Insurance Company to stable from negative. The credit rating agency affirmed the company’s Insurer Financial Strength (IFS) rating at ‘BBB’ and its National Insurer …
Banking and Finance
Photo Archive
30 August 09:11 AM Tawuniya launches e-voting ahead of next EGM
Riyadh — Mubasher: The Company for Cooperative Insurance (Tawuniya) has commenced its electronic voting for its Extraordinary General Meeting (EGM), which is scheduled to take place at 07:00 PM on 3 September 2026. The meeting, to be held via …
General Assembly
Photo Archive
27 August 03:18 PM ACIG amends subscription agreement with Diar Al Arabia Investment
Riyadh — Mubasher: Allied Cooperative Insurance Group (ACIG) has signed an addendum on 26 August 2026 to its existing subscription agreement with Diar Al Arabia Investment Company, according to a bourse filing. The amendment modifies the terms of …
Banking and Finance
Photo Archive
26 August 02:17 PM ACIG obtains license renewal for certain activities
Riyadh — Mubasher: Allied Cooperative Insurance Group (ACIG) has received notification on 26 August 2026 for the renewal of its operating license from the Insurance Authority, according to a bourse filing. The regulatory approval allows ACIG to …
Banking and Finance
Photo Archive
26 August 02:05 PM Rasan adjusts 2025 revenue figures following reclassification; amended 2026 percentage change unveiled
Riyadh — Mubasher: Rasan Information Technology Company issued a corrective disclosure regarding its financial results for the period ended on 30 June 2025, following a reclassification of certain line items between revenue and cost of sales. The …
Financial Results
Photo Archive
18 August 02:33 PM GGCI’s shareholders approve related-party contracts at OGM
Riyadh – Mubasher: The shareholders of Gulf General Cooperative Insurance Company (GGCI) approved business contracts with Al Dabbagh Group during an ordinary general meeting (OGM) held on 17 August 2026. The approved transactions involve one-year …
Companies Investments
Photo Archive
18 August 01:46 PM Al Etihad Cooperative Insurance reconstitutes nomination, remuneration committee
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company has received a non-objection notification from the Insurance Authority on 16 August 2026, regarding the reconstitution of its Nomination and Remuneration Committee. The regulatory …
Board of Directors
Photo Archive
17 August 03:34 PM Al Etihad Cooperative Insurance names audit committee member
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company has appointed Hashim Osama Al Nabulsi as an independent member of the company’s audit committee. The board of directors initially issued the appointment decision on 15 July 2026 pending …
Company News
Photo Archive
17 August 01:59 PM Al Sagr Cooperative Insurance secures license renewal from Insurance Authority
Riyadh – Mubasher: Al Sagr Cooperative Insurance Company received formal approval from the Insurance Authority on 16 August 2026 to renew its license to practice insurance activities in Saudi Arabia. The renewal covers the remaining period of the …
Companies Investments
Photo Archive
17 August 12:49 PM United Cooperative Assurance opens board nomination for 2027-2030 term
Riyadh – Mubasher: United Cooperative Assurance Company has opened the nomination process for its board of directors for the upcoming three-year term. The new session is scheduled to commence on 13 January 2027 and conclude on 12 January 2030. The …
Company News
Photo Archive
17 August 09:56 AM Rasan logs 168% higher profits in H1-26
Riyadh – Mubasher: Rasan Information Technology Company announced its interim financial results for the six-month period that ended on 30 June 2026, reporting a net profit of SAR 174.10 million. This represents a 168.26% increase from the SAR …
Financial Results
Photo Archive
17 August 09:54 AM Malath Cooperative Insurance announces resignation of 2 board members
Riyadh — Mubasher: The net profits of Malath Cooperative Insurance Company announced the resignation of two independent members from its board of directors, effective 15 August 2026. The outgoing members, Yasser Rashid Al Rasheed and Muhannad …
Banking and Finance
Photo Archive
17 August 08:43 AM GGCI launches e-voting ahead of OGM
Riyadh – Mubasher: Gulf General Cooperative Insurance (GGCI) issued a reminder to its shareholders regarding the commencement of electronic voting for the ordinary general meeting (OGM). The meeting is scheduled to be conducted via modern …
Banking and Finance
Photo Archive
16 August 04:32 PM Tawuniya purchases 212,143 treasury shares for employee incentive program
Riyadh — Mubasher: The Company for Cooperative Insurance (Tawuniya) has completed its share buyback process, acquiring 212,143 shares to be allocated for its employee incentive program. The transaction was executed following the approval granted …
Company News
Saudi Riyal
13 August 11:04 AM ACIG unveils accumulated losses reduction to over 47% of capital
Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) announced a reduction in its accumulated losses to 47.33% of its capital as of 30 June 2026. The company’s accumulated losses currently stand at SAR 137.73 million against a total …
Financial Results
Photo Archive
12 August 04:10 PM Saudi Enaya opens board nominations for 6th term
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company commenced the nomination process for its board of directors for the sixth term. The company is seeking candidates for eight seats on the board for a session scheduled to run for four …
Company News
Photo Archive
12 August 01:49 PM GGCI granted regulatory approval for health insurance renewal
Riyadh – Mubasher: Gulf General Cooperative Insurance Company (GGCI) received formal approval from the Insurance Authority on 6 August 2026 to renew its annual qualification for health insurance activities. The regulatory green light allows the …
Banking and Finance
Photo Archive
11 August 11:50 AM Amana Cooperative Insurance mulls 30% capital reduction to offset losses
Riyadh - Mubasher: The board of Amana Cooperative Insurance Company recommended a 30% reduction in the company’s capital to restructure its finances and extinguish accumulated losses. Under the proposal, the capital will decrease from SAR 430 …
Banking and Finance
Moody’s
11 August 09:40 AM Moody’s downgrades Al Etihad Cooperative Insurance’s rating to ‘Ba1’
Riyadh – Mubasher: Moody’s Investors Service has downgraded Al Etihad Cooperative Insurance Company’s Insurance Financial Strength Rating (IFSR) from ‘Baa2’ to ‘Ba1’. The rating agency has also placed the company’s credit profile under review for …
Company News
Photo Archive
10 August 02:12 PM Tawuniya discloses related-party transactions worth nearly SAR 512m for 2025
Riyadh — Mubasher: The Company for Cooperative Insurance (Tawuniya) issued a supplemental disclosure regarding its upcoming extraordinary general meeting (EGM), providing shareholders with a limited assurance report on related party transactions. …
Banking and Finance
Photo Archive
10 August 11:43 AM Wataniya Insurance records 57% leap in Q2-26 revenues
Riyadh – Mubasher: The net profits attributable to the shareholders of Wataniya Insurance Company increased by 36.53% to SAR 9.12 million in the first half (H1) of 2026. The recorded gains were compared to SAR 6.68 million in H1-25, the financial …
Financial Results
Photo Archive
10 August 09:03 AM Rasan announces new audit committee
Riyadh – Mubasher: Rasan Information Technology Company announced the appointment of its audit committee members for a new board term that commenced on 4 August 2026. The decision, finalized during a board of directors meeting held on 5 August, …
Corporate Actions
Photo Archive
9 August 02:06 PM Rasan appoints new Chairman, Acting CEO
Riyadh – Mubasher: Rasan Information Technology Company announced on 6 August a comprehensive restructuring of its board and executive leadership following a board meeting held on 5 August. The company appointed Moayad Al Fallaj as Chairman of the …
Board of Directors
Photo Archive
6 August 02:24 PM Arabian Insurance swings to losses in H1-26 on lower service
Riyadh - Mubasher: Arabia Insurance Cooperative Company reported net losses after Zakat and tax of SAR 26.74 million for the first six months (6M) of 2026, reversing a net profit of SAR 9.57 million in the first half (H1) of 2025. The company …
Financial Results