Saudi Arabian Cooperative Insurance Co (8100)

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News

20 March 2024 01:15 PM SAICO turns profitable in 2023; revenues surge 14% YoY

Riyadh – Mubasher: Saudi Arabian Cooperative Insurance Company (SAICO) swung to profitability during the financial year 2023, recording a net profit after Zakat attributable to shareholders of SAR 71.09 million, compared to a net loss of SAR 61.64 …

Financial Results

7 November 2023 03:20 PM SAICO swings to SAR 65m net profits in 9M-23; accumulated losses unveiled

Riyadh – Mubasher: Saudi Arabian Cooperative Insurance Company (SAICO) reported a net profit before Zakat of SAR 65.06 million in the first nine months (9M) of 2023, compared to a net loss of SAR 47.73 million in the same period of 2022. The …

Financial Results

7 August 2022 09:08 AM SAICO names new chairman, vice chairman

Riyadh – Mubasher: Saudi Arabian Cooperative Insurance Company (SAICO) has appointed Prince Ahmad bin Khalid bin Abdullah Al Saud as the new chairman of the board for the next three years. The insurer also named Abdulaziz bin Ali Abussuud as the …

Board of Directors

31 August 2021 09:59 AM SAICO to provide Al Rajhi with insurance coverage

Riyadh – Mubasher: Saudi Arabian Cooperative Insurance Company (SAICO) will provide insurance coverage to Al Rajhi Bank for one year starting 1 September 2021. The annual premiums for this contract are expected to exceed 5% of SAICO's revenues, …

Banking and Finance

17 August 2021 00:46 PM SAICO turns to losses in H1-21

Riyadh – Mubasher: The Saudi Arabian Cooperative Insurance Company (SAICO) has incurred net losses before zakat of SAR 30.268 million during the first six months of 2021, against net profits of SAR 27.167 million in the year-ago period of 2020. …

Financial Results

17 March 2021 11:29 AM SAICO turns to profitability in 2020

Riyadh – Mubasher: The Saudi Arabian Cooperative Insurance Company (SAICO) has achieved net profits before Zakat of SAR 57.584 million in 2020, against net losses of SAR 2.382 million in 2019. The company has turned to profitability due to a …

Financial Results

22 February 2021 10:15 AM CEO of SAICO to retire this year

Riyadh – Mubasher: The Saudi Arabian Cooperative Insurance Company (SAICO) announced on Monday the retirement of its CEO, Hassan Abdullah Al-Somali. The decision will be effective on 31 December 2021, according to a stock exchange statement. The …

Board of Directors

5 November 2020 08:30 AM SAICO reports 629% jump in quarterly profit

Riyadh – Mubasher: The Saudi Arabian Cooperative Insurance Company (SAICO) gained SAR 12.48 million in net profits before Zakat during the third quarter (Q3) of the year. This represents a 629.6% annual growth from SAR 1.71 million in the year-ago …

Financial Results

17 August 2020 09:02 AM SAICO reports 820% leap in quarterly profit

Riyadh – Mubasher: The net profits before Zakat of the Saudi Arabian Cooperative Insurance Company (SAICO) surged 820.6% in the second quarter (Q2) of 2020 to reach SAR 37.21 million, as shown in the company's financial statements.  This jump was …

Financial Results

10 June 2020 10:21 AM SAICO swings to SAR 10m loss in Q1

Riyadh – Mubasher: The Saudi Arabian Cooperative Insurance Company (SAICO) incurred net losses before Zakat worth SAR 10.05 million in the first quarter (Q1) of 2020, against profits of SAR 3.01 million in the corresponding period of the previous …

Financial Results

5 May 2020 09:36 AM SAICO, Al Rajhi renew insurance contract

Riyadh – Mubasher: Saudi Arabian Cooperative Insurance Company (SAICO) signed a contract on 4 May 2020 with Al Rajhi Bank. The deal involves renewing the vehicle insurance coverage sold by the bank through its leasing programme, the company said …

Companies Investments

10 November 2019 11:23 AM SAICO turns profitable in Q3

Riyadh – Mubasher: Saudi Arabian Cooperative Insurance Company (SAICO) announced turning profitable during the third quarter of 2019. SAICO logged a net profit of SAR 1.71 million in Q3-19, against net losses of SAR 7.35 million in Q3-18, …

Financial Results

4 August 2019 11:40 AM SAICO’s profits surge 874% in Q2

Riyadh – Mubasher: Saudi Arabian Cooperative Insurance Company (SAICO) announced its interim financial results for the second quarter of 2019. Net profits soared 873.9% to SAR 4 million in Q2-19, compared to SAR 415,000 in Q2-18, according to the …

Financial Results

28 April 2019 05:16 PM SAICO plans partnership to construct SAR 101.33m building

Riyadh – Mubasher: Saudi Arabian Cooperative Insurance Co. (SAICO) announced plans to enter into a deal to establish a multi-floor building on plot of land situated on the intersection of Makkah Road and Salah Al Dein Road. The total cost of the …

Companies Investments

18 February 2018 08:54 AM SAICO’s profit falls 17% in Q4

Riyadh – Mubasher: The Saudi Arabian Cooperative Insurance Company (SAICO) on Sunday posted a 16.62% year-on-year drop in net profits for the fourth quarter of 2017. Net profits amounted to SAR 14.6 million during Q4-17, compared to SAR 17.53 …

Financial Results

5 November 2017 05:11 PM SAICO’s profits drop 5% near to SAR 16m in Q3

Riyadh – Mubasher: The Saudi Arabian Cooperative Insurance Company’s (SAICO) on Sunday stated that its net profits decreased by 5.65% year-on-year in the third quarter of 2017. Net profits reached SAR 16.39 million in Q3-17, compared to SAR 17.37 …

Financial Results

30 April 2017 05:02 PM SAMA extends temporary approval for SAICO products

Riyadh - Mubasher: The Saudi Arabian Monetary Authority (SAMA) on Sunday extended the temporary approval for the Saudi Arabian Cooperative Insurance Company’s (SAICO) aviation insurance policies. The renewal period will be two months, starting …

Corporate Actions

3 December 2015 02:53 PM SAMA approves SAICO insurance products

Riyadh-Mubasher: Saudi Arabian Cooperative Insurance Co. (SAICO) said it received an approval letter from the Saudi Arabian Monetary Agency (SAMA) on 3 December to temporarily sell 25 insurance products for six months as of 2 December, according …

Corporate Actions

27 July 2015 08:19 AM SAICO posts high earnings for Q2, H1

Riyadh-Mubasher: Saudi Arabian Cooperative Insurance Co. (SAICO) reported a 79% jump in the second-quarter net earnings to SAR 8.2 million, compared with SAR 4.6 million in the year-earlier period. Net income for the six-month period ended on 30 …

Corporate Actions

23 June 2015 08:44 AM Major events on Tadawul for Tuesday

Riyadh-Mubasher: Investors are anticipating the following major events related to some Tadawul-listed companies on Tuesday: 

Event

21 June 2015 08:39 AM Major events on Tadawul for Sunday

Riyadh-Mubasher: Investors are anticipating the following event related to a Tadawul-listed company on Sunday: 

Event

19 June 2015 01:11 PM Major events on Tadawul during 21-25 June

Event

18 June 2015 07:52 AM Major events on Tadawul for Thursday

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9 June 2015 08:29 AM Major events on Tadawul for Tuesday

Riyadh-Mubasher: Investors are anticipating the following major events related to some Tadawul-listed companies on Tuesday:

Event

8 June 2015 02:59 PM SAICO to launch first phase of rights issue Tuesday

Riyadh-Mubasher: Saudi Arabian Cooperative Insurance Co. (SAICO) will start the first phase of its rights issue on Tuesday.The insurer plans to offer 15 million shares at SAR 10 each, as it aims to raise its capital by 150% from SAR 100 million to …

Corporate Actions