Malath Cooperative Insurance Co (8020)

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News

5 November 11:53 AM Malath Insurance’s revenues exceed SAR 1bn in 9M-25; accumulated losses unveiled

Riyadh - Mubasher: Malath Cooperative Insurance Company (Malath Insurance) logged SAR 17.18 million in net profits after Zakat attributable to the owners during the first nine months (9M) of 2025. The 9M-25 generated profits were 0.25% higher than …

Financial Results

22 August 2024 11:00 AM Liva Group to expand in Saudi market via merger with Malath Insurance

Riyadh – Mubasher: Liva Group announced a potential merger between Liva Insurance Company (Liva KSA) and Malath Cooperative Insurance Company (Malath Insurance) The GCC's leading multi-line insurer highlighted that the transaction aligns with its …

Global Economy

8 August 2024 11:39 AM Malath Insurance’s H1-24 insurance revenues down 11%; accumulated losses unveiled

Riyadh – Mubasher: Malath Cooperative Insurance Company (Malath Insurance) posted net profits after Zakat attributable to the owners valued at SAR 11.59 million in the first half (H1) of 2024. The recorded net profit shrank by 77.84% year-on-year …

Financial Results

15 May 2024 04:43 PM Malath Insurance’s net profit drops 74% YoY in Q1-24

Riyadh – Mubasher: The net profit after zakat, attributable to shareholders of Malath Cooperative Insurance Company (Malath Insurance) plummeted by 74.07% year-on-year (YoY) in net profit to SAR 11.44 million in the first quarter (Q1) of 2024 from …

Financial Results

21 March 2024 01:27 PM Malath Insurance swings to profitability in 2023

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. …

Financial Results

7 February 2024 00:19 PM Malath Insurance announces 2 key appointments

Riyadh – Mubasher: Malath Cooperative Insurance Company (Malath Insurance) has announced Bader Ali Alali as the Chairman of the board. In addition, the insurance firm named Mohammed Ali Alammari as the Vice Chairman, according to a bourse …

Management Decisions

8 November 2023 03:43 PM Malath Insurance swings to net profit in 9M-23; accumulated losses unveiled

Riyadh – Mubasher: The net profit before Zakat of Malath Cooperative Insurance Company (Malath Insurance) amounted to SAR 36.14 million in the first nine months (9M) of 2023, turning from a net loss of SAR 43.13 million in 9M-22. The earnings per …

Financial Results

16 August 2023 07:21 PM Malath Insurance records nearly SAR 57m profits in H1-23; accumulated losses decline

Riyadh – Mubasher: Malath Cooperative Insurance Company (Malath Insurance) achieved positive results in the first half (H1) of 2023 by turning profitable at SAR 56.82 million against net losses before Zakat of SAR 48.88 million in H1-22. The …

Financial Results

21 June 2023 09:12 AM Malath Cooperative turns profitable in Q1-23; accumulated losses unveiled

Riyadh – Mubasher: Malath Cooperative Insurance Company shifted to net profits before Zakat amounting to SAR 46.38 million in the first quarter (Q1) of 2023. The positive results were compared with net losses valued at SAR 33.24 million in Q1-22, …

Financial Results

26 March 2023 04:03 PM Malath Cooperative unveils SAR 18m losses in 2022, higher accumulated losses

Riyadh – Mubasher: Malath Cooperative Insurance Company reported net losses before Zakat worth SAR 18.02 million in 2022, lower by 75.25% year-on-year (YoY) than SAR 72.85 million. The loss per share stood at SAR 0.57 last year, versus SAR 1.71 in …

Financial Results

5 January 2023 04:53 PM Malath Cooperative awarded insurance deal from Al Othaim Holding

Riyadh – Mubasher: Malath Cooperative Insurance Company won a contract from Al Othaim Holding Company on 3 January 2023, according to a bourse filing. Under the one-year agreement, Malath Cooperative will offer health insurance services for the …

Companies Investments

23 November 2022 01:57 PM Malath Cooperative appoints new Chairman, Vice Chairman, CEO

Riyadh – Mubasher: Malath Cooperative Insurance Company has named Mohammed Ali Alammari as the board’s new Chairman for the coming three years, according to a bourse disclosure. The Saudi insurer also appointed Bader Ali Alali as the Vice …

Management Decisions

21 August 2022 03:59 PM Malath Cooperative’s losses hike 216% in H1-22; accumulated losses announced

Riyadh – Mubasher: Malath Cooperative Insurance Company has registered net losses before Zakat of SAR 24.93 million in the first half (H1) of 2022, an annual leap of 215.84% from SAR 7.89 million. The loss per share enlarged to SAR 0.63 in H1-22 …

Financial Results

22 May 2022 01:08 PM Malath Cooperative turns to losses in Q1-22

Riyadh – Mubasher: Malath Cooperative Insurance Company has logged net losses before Zakat of SAR 21 million in the first quarter (Q1) of 2022, against net profits of SAR 704,000 in Q1-21. The company's net written premiums (NWP) decreased by …

Financial Results

13 March 2022 10:49 AM Malath Cooperative turns to losses in 2021

Riyadh – Mubasher: Malath Cooperative Insurance Company has incurred net losses before Zakat of SAR 72.85 million in 2021, against net profits of SAR 22.67 million in 2020. The company's net written premiums rose by 24.82% to SAR 877.38 million in …

Financial Results

12 August 2021 01:51 PM Malath Cooperative turns to losses in H1-21

Riyadh – Mubasher: Malath Cooperative Insurance Company has logged net losses before Zakat of SAR 7.895 million in the first half (H1) of 2021, against net profits of SAR 8.717 million in the same period of 2020. The company recorded losses in the …

Financial Results

15 March 2021 01:07 PM Malath Cooperative records 23% higher net profits in 2020

Riyadh – Mubasher: Malath Cooperative Insurance Company reported a 23.46% year-on-year (YoY) increase in its net profits before Zakat to SAR 22.67 million in 2020, compared to SAR 18.365 million in 2019. Higher net profits are driven by an …

Financial Results

12 January 2021 00:40 PM Malath Cooperative maintains Moody’s rating at baa2; outlook stable

Riyadh – Mubasher: Malath Cooperative Insurance Company has continued to maintain its Insurance Financial Strength (IFSR) at the 'baa2' rating from Moody’s International Credit Agency, with a stable outlook. This rating reflects the company's good …

Ratings

29 October 2020 10:17 AM Malath Cooperative renews auto insurance contract with Bank Albilad

Riyadh – Mubasher: Malath Cooperative Insurance Company has renewed on 28 October an auto insurance contract with Bank Albilad for one year effective from 1 November 2020. The estimated value of the contract's annual instalments is 5% of Malath’s …

Companies Investments

23 August 2020 09:56 AM Malath Cooperative swings to profits in Q2

Riyadh – Mubasher: Malath Cooperative Insurance Company turned to profitability in the second quarter (Q2) of 2020, generating SAR 4.72 million in net profits, versus SAR 11.16 million in net losses over the year-ago period.    The move to profits …

Financial Results

9 August 2020 01:43 PM Saudi Re signs exclusive reinsurer deal with Malath

Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Company has signed an exclusive agreement with Malath Cooperative Insurance Company to provide reinsurance coverage on the Inherent Defects Coinsurance Programme managed by Malath on behalf …

Companies Investments

11 June 2020 00:17 PM Malath Cooperative Insurance Q1 profits down 39%

Riyadh – Mubasher: The interim financial statements of Malath Cooperative Insurance Company showed a 39.2% annual plunge in profits during the first quarter (Q1) of 2020. The net profit before Zakat amounted to SAR 3.99 million over Q1-20, …

Financial Results

18 December 2019 04:23 PM Moody’s assigns Baa2 rating to Malath Cooperative Insurance

Riyadh – Mubasher: Moody's Investors Service (Moody's) has assigned a Baa2 insurance financial strength rating (IFSR) to Malath Cooperative Insurance Company, with a stable outlook. The rating reflects the insurance firms’ good market position and …

Company News

18 November 2019 00:45 PM Malath hires SRB as Sharia compliance advisor

Riyadh – Mubasher: Malath Insurance announced Monday the assignment of Shariyah Review Bureau (SRB) to help maintain and supervise Sharia compliance of its products, operations, and investments. “Malath continues to grow at a significant pace and …

Companies Investments

10 November 2019 11:43 AM Malath Cooperative Insurance’s Q3 profit falls 37%

Riyadh – Mubasher: Malath Cooperative Insurance Company reported a 37% year-on-year decline in its net profit during the third quarter of 2019. Net profits retreated to SAR 6.309 million in the July-September period of 2019, compared to SAR 10.02 …

Financial Results