MetLife AIG ANB Cooperative Insurance Co

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) suspended trading the shares of MetLife AIG ANB Cooperative Insurance Company on Sunday. The decision comes as the delisting procedures of MetLife commence, after MetLife AIG ANB extraordinary …

Riyadh – Mubasher: The extraordinary general assembly meeting (EGM) of Walaa Cooperative Insurance Company has approved the proposed merger with MetLife AIG ANB. The EGM has also approved raising the company’s capital from SAR 528 million to SAR …

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Walaa Cooperative Insurance Company’s request to increase its capital to merge MetLife AIG ANB Cooperative Insurance Company into its business through a securities exchange …

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has ended the suspension on trading the shares of MetLife AIG ANB Cooperative Insurance and Walaa Cooperative Insurance Company. Suspending trade on the two companies’ stocks came upon their …

Riyadh – Mubasher: MetLife AIG ANB Cooperative Insurance Company has received the approval of the Saudi Arabian Monetary Authority (SAMA) on the merger with Walaa Cooperative Insurance Company. The two companies will continue working to obtain …

Riyadh – Mubasher: The Saudi General Authority for Competition (GAC) announced that Walaa Cooperative Insurance Company and MetLife AIG ANB Cooperative Insurance Company has filed for economic concentration through a merger. Both companies are …

Riyadh – Mubasher: Walaa Cooperative Insurance Company has entered into a binding merger agreement with MetLife AIG ANB Cooperative Insurance Company on 29 September 2019 corresponding to 30/1/1440 H. Based on the binding merger, Walaa will …

Riyadh – Mubasher: MetLife AIG ANB Cooperative Insurance’s unaudited financial results of July 2019 showed that the company’s accumulated losses amounted to 20.20% of its SAR 180 million capital. The decline in the company’s accumulated losses …

Riyadh – Mubasher: Moody's Investors Service has affirmed the A3 insurance financial strength rating (IFSR) of Walaa Cooperative Insurance Company (Walaa). Moody's changed Walaa’s outlook to negative from stable, according to a statement.  The …

Riyadh – Mubasher: MetLife AIG ANB Cooperative Insurance Company on Thursday announced the renewal of an insurance policy with Arab National Bank (ANB). The total premium of the policy stood at SAR 400,000, excluding the value-added tax (VAT), …

Riyadh – Mubasher: MetLife AIG ANB Cooperative Insurance Company revealed that its accumulated losses reached 20.99% of its capital. Total accumulated losses amounted to SAR 37.78 million of the company’s capital of SAR 180 million, based on the …

Riyadh – Mubasher: MetLife AIG ANB Cooperative Insurance Company reported a 61.4% year-on-year decrease in losses for the full fiscal year 2018.  MetLife AIG ANB Cooperative Insurance’s net losses before calculating Zakat amounted to SAR 22.3 …

Riyadh - Mubasher: MetLife, American International Group (AIG) and Arab National Bank Cooperative Insurance Company (ANB) has appointed the Saudi Kuwaiti Finance House as the financial advisor for its capital reduction. The MetLife recently …

Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) approved trimming the capital of MetLife AIG ANB Cooperative Insurance Company on Tuesday, 27 February. The firm’s capital will be decreased by SAR 170 million to SAR 180 million, …

Riyadh – Mubasher: MetLife AIG ANB Cooperative Insurance Company’s board of directors on Monday recommended trimming capital by 48.6% to SAR 180 million from SAR 350 million. Capital decrease will be implemented through cancelling 17 million …

Riyadh – Mubasher: Saudi Arabia-based the Council of Cooperative Health Insurance (CCHI) handed over to MetLife AIG ANB Cooperative Insurance Company on Monday, 9 October the requalification letter. The requalification will last for 3 years, …

Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) handed over on Wednesday MetLife AIG ANB Cooperative Insurance Company the approval of inaugurating three points of sales in Riyadh, Jeddah, and Al-Khobar. The new sales points are …

Riyadh – Mubasher: MetLife AIG ANB Cooperative Insurance Company posted a 57.27% year-on-year drop in net losses for the second quarter of 2017, while losses declined 52.8% quarter-on-quarter, according to a bourse filing on Thursday. Net losses …

Riyadh - Mubasher: MetLife AIG ANB Cooperative Insurance Company announced that the board of directors (BOD) has approved the appointment of Abdullah Ahmed Al Kenany as an independent board member. This comes after the company recently received …

Riyadh – Mubasher: MetLife AIG ANB’s net losses increased 87% in the first quarter of 2017, compared to the same quarter in 2016. Net losses reached SAR 6.86 million in Q1-17, compared to SAR 3.67 million in Q1-16. The reported losses are …

Riyadh – Mubasher: MetLife AIG ANB Cooperative Insurance renewed the Automobile Fleet Policy for Arab National Bank (ANB). The policy is of face amount of SAR 4.16 million and total annual premium of SAR 179,307, and is subject to the general …

Riyadh – Mubasher: MetLife AIG ANB Cooperative Insurance announced the approval of issuance of contractors plants and machinery policy. The insurance policy is with limit of SAR 356.8 million with a total annual premium of SAR 1.07 million and …

Riyadh – Mubasher: Three Saudi insurance companies announced obtaining the Saudi Arabian Monetary Agency’s (SAMA) final approval on a number of insurance products on Monday. MetLife AIG ANB Cooperative Insurance received the final approval of SAMA …

Riyadh-Mubasher: Saudi Stock Exchange (Tadawul) deposited on Sunday the rights issue shares of MetLife AIG ANB Cooperative Insurance Co. to shareholders' portfolios. The company will pay compensations to shareholders who have not exercised their …

Riyadh-Mubasher: MetLife AIG ANB Cooperative Insurance said Thursday its rights issue was 94.64% covered as it saw subscription to 16.56 million shares in two phases, at a value reaching SAR 165.6 million. Phase one saw subscription by 78.77% with …