Malath Cooperative Insurance Co (8020)

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: 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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

Riyadh – Mubasher: Malath Cooperative Insurance Company signed a vehicle insurance agreement with Riyad Bank at a value equivalent to 5% of the firm’s total annual sales. By means of the contract, the company will cover the insurance of the bank’s …

Riyadh – Mubasher: Malath Cooperative Insurance Company signed a vehicle insurance with Bank Albilad at a value equivalent to 5% of the firm’s total annual sales. By means of the contract, the company will cover the insurance of the bank’s …

Riyadh – Mubasher: Malath Cooperative Insurance Company has renewed auto insurance coverage contract with the Arab National Bank (ANB) for one year starting from 1 June. Under the deal, the kingdom-based insurer will provide its customers with …

Riyadh – Mubasher: The board of directors of Malath Cooperative Insurance Company approved the appointment of Mamdouh Al Sharhan as the board’s new chairman. It also approved appointing Salman Al Hawawi as the board’s deputy chairman, according to …