Walaa Cooperative Insurance Co (8060)

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News

6 August 04:32 PM Walaa Cooperative swings to net losses at SAR 117m in H1-25

Riyadh - Mubasher: Walaa Cooperative Insurance Company turned to net losses after Zakat attributable to shareholders valued at SAR 117.30 million in the first half (H1) of 2025, compared to net profits of SAR 64.30 million in H1-24. Insurance …

Financial Results

12 May 09:48 PM Walaa Cooperative turns to losses at SAR 68m in Q1-25

Riyadh - Mubasher: Walaa Cooperative Insurance Company shifted to net losses after Zakat attributable to the shareholders valued at SAR 67.95 million in the first quarter (Q1) of 2025, compared to net profits of SAR 39.86 in Q1-24. Meanwhile, the …

Financial Results

11 March 01:04 PM Walaa Cooperative’s net profits shrink 56.5% in 2024

Riyadh – Mubasher: Walaa Cooperative Insurance Company achieved 56.55% year-on-year (YoY) lower net profits attributable to the shareholders at SAR 64.30 million in 2024, versus SAR 147.97 million. Insurance revenues climbed by 15.82% to SAR 3.34 …

Financial Results

30 December 2024 11:48 AM Saudi Re, Walaa Cooperative collaborate to back PIF’s development companies

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) penned a reinsurance contract for surety insurance bonds coinsurance programme with Walaa Cooperative Insurance Company. The two entities inked the agreement on 29 December 2024, according to …

Companies Investments

7 August 2024 02:20 PM Walaa Cooperative Insurance records higher profits in H1-24

Riyadh – Mubasher: Walaa Cooperative Insurance Company logged net profits after Zakat attributable to the owners valued at SAR 64.30 million in the first half (H1) of 2024, an annual rise of 2.14% from SAR 62.95 million. Earnings per share (EPS) …

Financial Results

12 May 2024 01:45 PM Walaa Cooperative Insurance posts 64% YoY profit hike in Q1-24

Riyadh – Mubasher: Walaa Cooperative Insurance Company logged a net profit after Zakat attributable to shareholders of SAR 39.86 million, up 64% year-on-year (YoY) from SAR 24.30 million. Insurance revenues grew 16.28% YoY to SAR 767.07 million in …

Banking and Finance

13 March 2024 11:24 AM Walaa Cooperative Insurance turns profitable in 2023

Riyadh – Mubasher: Walaa Cooperative Insurance Company shifted towards profitability in 2023, recording a net profit after Zakat attributable to shareholders of SAR 147.97 million, compared to a net loss of SAR 68.08 million a year earlier. …

Banking and Finance

6 November 2023 11:51 AM Walaa Cooperative Insurance turns profitable in 9M-23; profits leap 257% in Q3

Riyadh – Mubasher: Walaa Cooperative Insurance Company turned profitable at SAR 112.72 million in the first nine months (9M) of 2023, compared to net losses valued at SAR 48.67 million in 9M-22. Gross written premiums (GWP) climbed by 23.46% …

Financial Results

18 September 2023 09:31 AM Walaa, Sure Global unveil capital raise proposal

Riyadh – Mubasher: Walaa Cooperative Insurance Company and Sure Global Company announced the board’s proposal to increase their capital, according to bourse disclosures. In line with its growth plans to enhance its solvency margin, Walaa will …

Companies Investments

7 August 2023 01:12 PM Walaa Cooperative Insurance unveils H1-23 financials, accumulated losses

Riyadh – Mubasher: Walaa Cooperative Insurance Company shifted to net profits before Zakat worth SAR 67.95 million during the first half (H1) of 2023, against net losses valued at SAR 61.20 million in H1-22. Earnings per share (EPS) amounted to …

Financial Results

17 July 2023 09:34 AM Moody’s affirms Walaa 'A3' IFSR rating; outlook stable

Riyadh – Mubasher: Moody’s Investors Service has marinated the ‘A3’ insurance financial strength rating (IFSR) of Walaa Cooperative Insurance Company, with a stable outlook. The rating reflects Walaa’s solid position as the fifth-largest insurer …

Ratings

20 June 2023 09:51 AM Walaa Cooperative Insurance swings to profits in Q1-23; accumulated losses announced

Riyadh – Mubasher: Walaa Cooperative Insurance Company registered net profits before Zakat amounting to SAR 26.80 million during the first quarter (Q1) of 2023. The positive results were compared with net losses valued at SAR 15.10 million in …

Financial Results

26 March 2023 11:41 AM Walaa Cooperative Insurance’s 2022 losses narrow; accumulated losses hit 8% of capital

Riyadh – Mubasher: Walaa Cooperative Insurance Company incurred net losses before Zakat worth SAR 15.72 million in 2022, an annual plunge of 86.06% from SAR 112.79 million. Loss per share reached SAR 0.40 last year, versus SAR 1.89 in 2021, …

Financial Results

2 November 2022 05:59 PM Walaa Cooperative Insurance’s losses shrink in 9M-22; accumulated losses announced

Riyadh – Mubasher: The net losses before Zakat of Walaa Cooperative Insurance Company reached SAR 43.84 million in the first nine months (9M) of 2022, down 5.59% from SAR 46.43 million in 9M-21. The loss per share settled at SAR 0.80 in the …

Financial Results

2 October 2022 03:58 PM Walaa Cooperative Insurance renews SAR 54m insurance deal with ANB

Riyadh – Mubasher: Walaa Cooperative Insurance Company has extended its insurance agreement with the Arab National Bank for one year at an estimated value of SAR 54 million. Upon the deal, the Saudi listed firm will provide insurance coverage on …

Banking and Finance

18 September 2022 09:03 PM Walaa Cooperative Insurance’s EGM approves capital hike to merge with SABB Takaful

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Walaa Cooperative Insurance Company greenlighted a capital raise to SAR 850.58 million from SAR 646.39 million for a merger with SABB Takaful Company. The merging process will be …

Companies Investments

11 August 2022 07:04 PM Walaa Cooperative Insurance’s losses near SAR 28m in H1-22; accumulated losses unveiled

Riyadh – Mubasher: Walaa Cooperative Insurance Company has registered net losses before Zakat of SAR 27.62 million in the first half (H1) of 2022, higher by 107.42% than SAR 13.32 million in H1-21. The loss per share settled at SAR 0.53 in the …

Financial Results

27 July 2022 02:11 PM Walaa Cooperative Insurance names new Chairman, Vice Chairman

Riyadh – Mubasher: Walaa Cooperative Insurance Company has appointed Sulaiman Abdullah Al Kadi as the new Chairman of the board for the next three years. The listed firm also named Khalifa Abdullatif Almulhim as  Vice Chairman, respectively, …

Corporate Actions

15 May 2022 07:26 PM Walaa Cooperative Insurance posts 35.5% higher losses in Q1-22 initial financials

Riyadh – Mubasher: Walaa Cooperative Insurance Company has incurred net losses before Zakat worth SAR 32.30 million during the first quarter (Q1) of 2022, an annual increase of 35.42% from SAR 23.85 million. The loss per share stood at SAR 0.57 in …

Financial Results

3 April 2022 04:09 PM Walaa Cooperative inks insurance deal with Aramco

Riyadh – Mubasher: Walaa Cooperative Insurance Company has signed an insurance agreement with Saudi Arabian Oil Company (Aramco) at a value exceeding 15% of Walaa Cooperative's gross written premiums in 2021. Upon the one-year agreement, Walaa …

Companies Investments

16 March 2022 02:03 PM Walaa Cooperative Insurance turns to losses in 2021

Riyadh – Mubasher: Walaa Cooperative Insurance Company has suffered net losses before Zakat worth SAR 112.79 million in 2021, against profits amounting to SAR 72.62 million in 2020. The loss per share stood at SAR 1.89 in 2021, versus earnings per …

Financial Results

16 December 2021 06:03 PM Walaa Cooperative Insurance pens SAR 19m deal with stc

Riyadh – Mubasher: Walaa Cooperative Insurance Company has signed a contract worth SAR 19 million in estimated value with the Saudi Telecom Company (stc) to provide general insurance coverage. The contract duration is six years from the date of …

Companies Investments

31 October 2021 03:10 PM Walaa Cooperative Insurance turns to losses in 9M

Riyadh – Mubasher: Walaa Cooperative Insurance Company suffered a net loss before Zakat worth SAR 46.43 million during the first nine months of 2021, against net profits of SAR 42.8 million in the same period last year. The loss per share stood at …

Financial Results

5 August 2021 05:22 PM Walaa Cooperative incurs losses in H1; net profits shrink in Q2

Riyadh – Mubasher: Walaa Cooperative Insurance Company turned to net losses before Zakat worth SAR 13.32 million in the first half (H1) of 2021, against net profits of SAR 17.53 million in H1-20. The company’s loss per share stood at SAR 0.32 in …

Financial Results

31 May 2021 05:43 PM Walaa Cooperative inks SAR 27m deal with Arab National Bank

Riyadh – Mubasher: Walaa Cooperative Insurance Company has signed a contract worth SAR 27 million with the Arab National Bank to provide insurance coverage on the auto leasing financing programme. The contract duration is one year starting 1 June …

Banking and Finance