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Salama Cooperative Insurance Co (8050)

Last update: 14 January 03:16 PM market time.
25.50
-0.15
-0.58%
Open 25.55
Previous Close 25.65
High 25.65
Low 25.30
Stock Statistics
Volume 648,233
Turnover 16,459,158.80
All data are 15 minutes late during market session

News

Photo Archive
20 September 2020 10:15 AM Salama Cooperative Insurance cuts accumulated losses by 6.5%
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 …
The move to profit was driven by a 68% decline in net claims incurred
27 August 2020 09:17 AM Salama Cooperative Insurance swings to SAR 29m quarterly profit
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 …
Trading the shares will resume on Thursday, 27 August
26 August 2020 10:11 AM Tadawul suspends trading on Salama shares
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. …
The Q1-20 losses stood at SAR 25.4 million
21 June 2020 09:09 AM Salama Cooperative Insurance’s losses up 74% in Q1-20
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 …
Saudi Arabian Monetary Authority
25 November 2019 10:14 AM Salama Cooperative Insurances receives SAMA’s instructions
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 …
Gross written premiums dipped to SAR 95.15 million
10 November 2019 00:13 PM Salama Cooperative Insurance turns to losses in Q3
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 …
The company turned to losses with SAR 49.95 million in Q2-19
21 August 2019 05:35 PM Salama Cooperative Insurance moves to losses in 6M
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 …
Walaa Cooperative Insurance logged a net profit of SAR 100.37m in 2018
31 March 2019 04:04 PM 16 Saudi insurance firms log SAR 213m loss in 2018
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 …
(Photo credit: Arabianeye - Reuters)
12 May 2017 07:06 PM Tadawul, Nomu end week on negative note
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, …
(Photo Credit: Arabianeye-Reuters)
9 May 2017 10:20 AM Salama profit jumps 468% in Q1
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 …
Photo Credit: Arabianeye-Reuters
6 March 2017 08:38 PM Salama Cooperative Insurance profits jump 886% in 2016
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 …
(Photo Credit: Arabianeye-Reuters)
14 December 2016 10:32 AM SAMA approves insurance products for 2 KSA firms
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 …
Photo Credit: Arabianeye-Reuters
26 November 2016 04:46 PM Tadawul awaits important events this week
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 …
CMA imposed fines at a total of SAR 100,000 on three KSA-listed companies for violating laws- (Photo Archive)
24 August 2016 05:28 PM CMA imposes SAR 100,000 fines on 3 KSA-listed firms
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 …
Shareholders also elected a new board of directors for a new term.
20 June 2016 09:35 AM Salama Insurance’s OGM adopts FY15 financials
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 …
Photo Archive
25 January 2016 09:59 AM Salama board member resigns
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 …
Photo Archive
15 December 2015 08:41 AM Salama terminates sales agreement with Al Tazeezat
Riyadh-Mubasher: Salama Cooperative Insurance Co. said it has terminated its sales agreement with Al Tazeezat Insurance Agency, the company said in a bourse statement. The termination, effective as of 14 December, was based on Tazeezat’s request. …
Photo Credit: Arabianeye-Reuters
2 December 2015 09:12 AM SAMA Oks Salama insurance products
Riyadh-Mubasher: Salama for Cooperative Insurance Co. said that it obtained an approval letter from the Saudi Arabian Monetary Agency (SAMA) on 1 December 2015 for the products of comprehensive motor insurance and motor third party liability …
Photo Archive
27 October 2015 04:19 PM Salama invests SAR 128m from rights issue proceeds in local funds
Riyadh-Mubasher: Salama Cooperative Insurance said it invested SAR 128 million from its rights issue proceeds reaching SAR 150 million in local trade finance funds for short term, according to a bourse statement posted on Tuesday. The company has …
Photo Archive
30 August 2015 04:38 PM Salama says accumulated losses below 50% of capital
Riyadh-Mubasher: Salama Insurance said its accumulated losses reached SAR 75.82 million, representing 30.3% of capital.  The decline in losses was due to increasing capital to SAR 250 million through offering rights issue shares, the insurer said …
Photo Archive
16 August 2015 10:31 AM Major events on Tadawul for Sunday
Riyadh-Mubasher: Investors are anticipating the following major events related to some companies listed on Sunday:
Photo Archive
9 August 2015 10:21 AM Major events on Tadawul for Sunday
Riyadh-Mubasher: Investors are anticipating the following major events related to some companies listed on the Saudi stock market on Sunday: 
Photo Archive
5 August 2015 08:16 AM Salama rights issue 751% oversubscribed in last phase
Riyadh-Mubasher: The last phase in Salama Cooperative Insurance rights issue was 751% oversubscribed, said NCB Capital, the financial advisor, lead manager and underwriter. This phase saw subscription to 1.19 million shares (the remaining and …
Photo Credit: Arabianeye-Reuters
3 August 2015 08:39 AM Mobily to return to trading; other events to be seen on Monday
  By: Mohamed Idris Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) is set to see several important events on Monday, the most important of which is the return of Etihad Etisalat “Mobily’s” stock to trading. In addition, rights for the …
Photo Archive
28 July 2015 09:24 AM Salama rights issue 81% subscribed until second day
Riyadh-Mubasher: Salama Insurance’s rights issue was 81% covered until the end of the second day – 27 July, said NCB Capital, the subscription’s financial advisor. The remaining shares, if any, will be offered to institutional investors from 2-3 …