Arabian Shield Cooperative Insurance Co (ARABIAN SHIELD) News - Mubasher Info
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Arabian Shield Cooperative Insurance Co (8070)

Last update: 02:45 PM market time.
21.60
3.62
20.13%
Open 21.80
Previous Close 17.98
High 22.16
Low 21.42
Stock Statistics
Volume 835,578
Turnover 18,176,773.98
All data are 15 minutes late during market session

News

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17 March 11:49 AM Arabian Shield’s net profit balloons 15,943% YoY in 2023
Riyadh – Mubasher: The net profit after Zakat attributable to shareholders of Arabian Shield Cooperative Insurance Company skyrocketed by more than 15,943% year-on-year (YoY) to SAR 65.13 million in 2023 from SAR 406,000. Insurance revenues rose …
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30 October 2023 03:11 PM Tadawul delists Alinma Tokio Marine after merger with Arabian Shield
Riyadh – Mubasher: The Saudi Exchange (Tadawul) has delisted Alinma Tokio Marine Company, following the completion of its merger with Arabian Shield Cooperative Insurance Company. The delisting was effective as of the end of trading on 25 October …
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19 September 2023 11:01 AM CMA greenlights Arabian Shield’s capital raise to merge with Alinma Tokio Marine
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Arabian Shield Cooperative Insurance Company to increase its capital to SAR 798.15 million from SAR 638.52 million. The firm will issue 15.96 million ordinary shares to …
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7 August 2023 03:48 PM Arabian Shield turns profitable in H1-23
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company turned to net profits before Zakat valued at SAR 36.64 million in the first half (H1) of 2023, against net losses of SAR 3.22 million in H1-22. Earnings per share (EPS) hit SAR 0.42 …
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25 June 2023 09:32 AM Arabian Shield witnesses 68% lower net profits in Q1-23
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company registered net profits before Zakat amounting to SAR 6.82 million during the first quarter (Q1) of 2023. The generated net profits retreated by 68.29% from SAR 21.52 million as of 31 …
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26 March 2023 03:09 PM Arabian Shield’s net profits jump 27% in 2022
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company posted SAR 46.55 million in net profit before Zakat in 2022, a 27.16% year-on-year (YoY) growth from SAR 36.60 million. The earnings per share (EPS) stood at SAR 0.44 last year, down …
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24 January 2023 10:49 AM Arabian Shield inks insurance deal with SNB
Riyadh – Mubasher: Arabian Shield Insurance Company penned an insurance coverage agreement with the Saudi National Bank (SNB) on 23 January 2023, according to a bourse disclosure. The Tadawul-listed firm expected the contract’s revenues to cross …
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16 August 2022 05:39 PM Arabian Shield logs SAR 16.5m profits in H1-22 initial results
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company achieved net profits before Zakat worth SAR 16.43 million in the first half (H1) of 2022, down 29.53% from SAR 23.31 million in H1-21. The earnings per share (EPS) settled at SAR 0.11 …
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17 May 2022 05:36 PM Arabian Shield's profits shrink 53% in Q1-22 interim financials
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company has posted a 53.06% year-on-year (YoY) plunge in net profit before Zakat to SAR 7.19 million during the first quarter (Q1) of 2022, versus SAR 15.33 million. The earnings per share …
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21 February 2022 02:49 PM Arabian Shield's net profits down 16% in 2021
Riyadh - Mubasher: Arabian Shield Cooperative Insurance Company logged net profits before Zakat worth SAR 36.60 million in 2021, a decrease of 16.04% from SAR 34.60 million a year earlier.  Earnings per share (EPS) declined to SAR 0.65 last year, …
27 January 2022 00:15 PM Arabian Shield, SNB pen insurance coverage contract
Riyadh – Mubasher: The Arabian Shield Insurance Company has signed an insurance coverage contract with the Saudi National Bank (SNB) at an initial value of the annual gross written premium (GWP) of SAR 215.152 million. The Saudi listed company …
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13 December 2021 04:52 PM Arabian Shield raises capital by SAR 238.5m on merger with AlAhli Takaful
Riyadh – Mubasher: The shareholders of Arabian Shield Insurance Company decided to increase the company’s capital by SAR 238.52 million in line with the approval for the merge with AlAhli Takaful Company. Arabian Shield’s capital will stand at SAR …
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2 November 2021 00:39 PM Arabian Shield logs SAR 35m net profits in 9M
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company recorded net profits before Zakat worth SAR 34.86 million in the first nine months of 2021, higher by nearly 4.5% than SAR 33.36 million in the same period last year. Earnings per …
The approval was granted on 8 August 2021
9 August 2021 05:24 PM Saudi GAC approves merger of Arabian Shield, AlAhli Takaful
Riyadh – Mubasher: Saudi Arabia’s General Authority of Competition (GAC) gave the green light for the merger between Arabian Shield Cooperative Insurance and AlAhli Takaful Company. The approval was granted to both companies on 8 August 2021, …
Earnings per share stood at SAR 0.41 in H1-21
8 August 2021 05:05 PM Arabian Shield achieves higher profits at SAR 23m in H1-21
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company registered net profits before Zakat worth SAR 23.31 million in the first half (H1) of 2021, higher by 38.8% than SAR 16.79 million in H1-21. Earnings per share stood at SAR 0.41 in …
AlAhli Takaful’s assets and liabilities will be transferred to Arabian Shield
12 July 2021 05:54 PM AlAhli Takaful, Arabian Shield ink binding MoU for merger
Riyadh – Mubasher: AlAhli Takaful Company and Arabian Shield Cooperative Insurance have signed a binding memorandum of understanding (MoU) on 12 July for the potential merger between the two entities, according to two separate bourse disclosures …
The trading suspension has taken place for one session
12 July 2021 03:46 PM Trading on AlAhli Takaful, Arabian Shield suspended – Tadawul
Riyadh – Mubasher: The Saudi Exchange (Tadawul) announced suspending trading on the stocks of both AlAhli Takaful Company and Arabian Shield Cooperative Insurance. The trading suspension has taken place for one session on Monday, 12 July, upon the …
The new capital will stand at SAR 400 million
10 June 2021 10:35 AM Arabian Shield’s EGM approves 33% capital hike; fluctuation limit announced
Riyadh – Mubasher: The shareholders of Arabian Shield Cooperative Insurance Company approved a capital increase of 33.33% or SAR 100 million by granting one share for every three existing shares, according to a bourse filing on Thursday. During …
The decision aims to boost Arabian Shield’s financial position
12 April 2021 05:40 PM Arabian Shield plans no dividends for 2020
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company’s board recommended not paying out cash dividends for 2020, according to a disclosure to Tadawul on Monday. The decision aims to boost the company’s financial position. Arabian …
The merged entity will continue to be branded as The Arabian Shield Cooperative Insurance Company
11 April 2021 05:41 PM AlAhli Takaful, Arabian Shield enter into MoU for potential merger
Riyadh – Mubasher: AlAhli Takaful Company and Arabian Shield Cooperative Insurance both signed a memorandum of understanding (MoU) for a potential merger between the two entities, according to two separate disclosures to Tadawul on Sunday. The …
Arabian Shield will raise the capital by granting bonus shares
11 April 2021 11:37 AM SAMA approves Arabian Shield’s SAR 100m capital raise
Riyadh – Mubasher: The Saudi Central Bank (SAMA) approved Arabian Shield Cooperative Insurance Company's request to increase its capital to SAR 400 million from SAR 300 million through issuing bonus shares, according to a disclosure to Tadawul on …
One bonus share will be granted for every three shares
13 January 2021 11:21 AM Arabian Shield proposes 33% capital rise
Riyadh – Mubasher: The board of Arabian Shield Cooperative Insurance Company has recommended raising the company's capital by 33.33% to SAR 400 million from SAR 300 million by granting bonus shares. One bonus share will be granted for every three …
The new CEO has two master’s degrees from California State University.
4 January 2021 09:36 AM Arabian Shield names new CEO
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company received an email from the Saudi Central Bank (SAMA) approving the appointment of Bassel Al-Abdulkarim as the company’s CEO as of 3 January 2021. Last October, the insurer’ board …
The profits came in at SAR 8.03 million in Q2-20
11 August 2020 10:32 AM Arabian Shield sees 69% higher profits in Q2
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company gained SAR 8.03 million in net profits before Zakat, up 69.27% when compared to SAR 4.74 million in the corresponding period in the previous year. The growth in profits over the …
Board members will receive a remuneration of SAR 1.2 million for 2019
1 July 2020 09:20 AM Arabian Shield cancels 2019 dividends
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company’s ordinary general meeting (OGM) decided not to distribute dividends for fiscal year (FY) 2019 following a recommendation from the company’s board of directors. It also discharged the …