Walaa Cooperative Insurance Co (8060)

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. …

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% …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Riyadh – Mubasher: Walaa Cooperative Insurance Company has entered into an insurance agreement with Saudi Arabian Oil Company (Aramco) to provide insurance services to the latter's energy, property, motor, marines, and other products. The value of …

Riyadh – Mubasher: The net profit before Zakat of Walaa Cooperative Insurance Company surged by 213.6% during 2020 to stand at SAR 72.6 million. The growth in the insurer’s annual earnings was driven by higher net earned premiums by SAR 83.74 …

Riyadh – Mubasher: S&P Global Ratings has upgraded Walaa Cooperative Insurance Company’s rating from (BBB+) to (A-) and the GCC rating to (gcAAA), with a “Stable” outlook. The key drivers for the upgrade include the successful integration with …

Riyadh – Mubasher: The board of Walaa Cooperative Insurance Company has recommended raising the company's capital by offering a SAR 775 million right issue. This proposal aims to support the company's growth plan and maintain its solvency …

Riyadh – Mubasher: Arab National Bank (ANB) has entered into a bancassurance distribution agreement with Walaa Cooperative Insurance Company on 15 December after receiving the approval of the Saudi Central Bank (SAMA). ANB's board member, Hesham …

Riyadh – Mubasher: Walaa Cooperative Insurance Company gained net profits before Zakat worth SAR 25.271 million over the three-month period ended 30 September 2020, 218.2% more than SAR 7.9 million in the prior-year quarter. The growth in …