Salama Cooperative Insurance Co (8050)

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: Salama Cooperative Insurance Company posted net profits before Zakat of SAR 45.97 million in the first nine months (9M) of 2023, shifting from a net loss of SAR 80.60 million in 9M-22. The earnings per share (EPS) reached SAR …

Riyadh – Mubasher: Salama Cooperative Insurance Company has obtained the Central Bank of Saudi Arabia’s (SAMA) approval to increase the capital by SAR 100 million. The insurer will offer primary rights shares to raise the capital from SAR 100 …

Riyadh – Mubasher: The Capital Market Authority (CMA) has greenlighted Salama Cooperative Insurance Company’s request to shrink its capital by SAR 150 million. Subject to the extraordinary general meeting’s (EGM) approval, the insurer will reduce …

Riyadh – Mubasher: Salama Cooperative Insurance Company has submitted a request to the Capital Market Authority (CMA) on 25 May to decrease its capital. The Saudi listed firm noted that it will disclose any further details regarding the capital …

Riyadh – Mubasher: The board of Salama Cooperative Insurance Company has recommended reducing the company’s capital by 60% from SAR 250 million to SAR 100 million. By cancelling 15 million shares, the number of shares will decrease from 25 million …

Riyadh – Mubasher: The Saudi Central Bank (SAMA) has approved for Salama Cooperative Insurance Company to renew its licence of practicing insurance activity in the Kingdom. The Saudi listed company will be authorised to practice general as well as …

Riyadh – Mubasher: Salama Cooperative Insurance Company has appointed Bader Khalid Alanzi as the company's CEO effective from 1 December 2021. The company has taken this decision after obtaining no objection from the Saudi Central Bank (SAMA), …

Riyadh – Mubasher: Salama Cooperative Insurance Company reported a 62% annual decrease in net profits before Zakat at SAR 2.75 million during the first half (H1) of 2021, compared to SAR 7.29 million in the same period last year. Net written …

Riyadh – Mubasher: Salama Cooperative Insurance Company has cut its accumulated losses to less than 20% of the capital over the first half (H1) of 2020.  The company's losses now stand at SAR 48.98 million, representing 19.59% of the …

Riyadh – Mubasher: Salama Cooperative Insurance Company turned to a net profit of SAR 29.49 million in the second quarter (Q2) of 2020, versus a net loss of SAR 35.38 million in the year-ago quarter. The move to profit was supported by a decline …

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has suspended trading on the shares of Salama Cooperative Insurance Company on Wednesday, 26 August on the back of not announcing the financial results for the second quarter (Q2) of 2020. …

Riyadh – Mubasher: Salama Cooperative Insurance Company has incurred SAR 25.4 million in net losses before Zakat during the first quarter (Q1) of 2020, 74.2% more than SAR 14.5 million in the same period in 2019. Net written premiums (NWP) shrank …

Riyadh – Mubasher: Salama Cooperative Insurance Company announced on Monday that it has received a letter from the Saudi Arabian Monetary Authority (SAMA) regarding the decline of its financial solvency rate below the required level. The letter …

Riyadh – Mubasher: Salama Cooperative Insurance Company announced swinging to losses during the third quarter of 2019. The insurance firm incurred net losses of SAR 14.31 million in the three-month period ended 30 September, against net profits of …

Riyadh – Mubasher: Salama Cooperative Insurance Company posted its interim financial results for the second quarter of 2019. The company turned to losses with SAR 49.95 million in Q2-19, against profits of SAR16.31 million in Q2-18, according to a …

By: Thabet Shehata Riyadh – Mubasher: A total of 16 insurance firms listed on the Saudi Stock Exchange (Tadawul) reported a combined net loss of SAR 213 million in 2018. The Company for Cooperative Insurance (Tawuniya) posted the highest net …

Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) shed 0.6% or 41.57 points to reach 6,882.51 points in the week ended 11 May compared to 6,924.08 points last week. The market’s turnover decreased 26.7% to SAR 13.35 billion, …

Riyadh – Mubasher: Salama Cooperative Insurance reported a surge in profits before zakat by 467.5% in the first quarter of 2017. Net profits reached SAR 14.18 million in Q1-17 compared to SAR 2.5 million in the same period in 2016. The company …

Riyadh - Mubasher: Salama Cooperative Insurance reported an increase in profits by 886.03% in 2016 to SAR 30.35 million from SAR 3.078 million in the year before, as shown by the company’s financial statements. The increase in profits is due to …

Riyadh – Mubasher: Two Saudi insurance companies obtained the final approval to use insurance products, according to bourse filings. Gulf General Cooperative Insurance Co. and Salama Cooperative Insurance Company received the final approval of the …

Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events in the upcoming week led by the general assembly meetings by GASCO and Wafa Insurance. The Saudi Indian Company for Cooperative …

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) imposed fines at a total of SAR 100,000 on three Saudi-listed companies for violating laws. CMA imposed fines on Al Jouf Cement Company and Salama Cooperative Insurance Co. of SAR 300,000 …

Riyadh – Mubasher: Salama Cooperative Insurance Company announced Monday that its second ordinary general meeting (OGM), held yesterday, postponed voting on the discharge of the board of directors from any liabilities for fiscal 2015 due to the …

Riyadh-Mubasher: Salama Cooperative Insurance said the board accepted the resignation of non-executive member Tariq Alqarawi on 24 January. The resignation will come into effect as of 25 January, the insurance firm said in a statement to the Saudi …