Saudi Arabian Cooperative Insurance Co (SAICO) News - Mubasher Info
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29 December 06:09 AM

Saudi Arabian Cooperative Insurance Co (8100)

Last update: 28 December 03:16 PM market time.
10.77
-0.68
-5.94%
Open 11.45
Previous Close 11.45
High 11.45
Low 10.70
Stock Statistics
Volume 262,465
Turnover 2,858,427.69
All data are 15 minutes late during market session

News

Photo Archive
20 March 2024 02:15 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 …
Banking and Finance
Photo Archive
7 November 2023 04:20 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
Photo Archive
7 August 2022 10:08 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 …
Corporate Actions
SAICO was awarded and signed the contract on 30 August
31 August 2021 10:59 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, …
Companies Investments
The company's net written premiums rose by 10.58%
17 August 2021 01:46 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
The earnings per share (EPS) settled at SAR 1.58 in 2020
17 March 2021 00:29 PM 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
The decision will be effective on 31 December 2021.
22 February 2021 11:15 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
SAICO gained SAR 12.48 million in net profits before Zakat in Q3-20.
5 November 2020 09:30 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
Net written premiums totalled SAR 142.991 million in Q2
17 August 2020 10:02 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
Net earned premiums slid by by 15%
10 June 2020 11:21 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
The contract renewal is valid for one year
5 May 2020 10:36 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
The company’s GWP retreated to SAR 142 million
10 November 2019 00:23 PM 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
Net profits soared 873.9% to SAR 4 million in Q2-19
4 August 2019 00:40 PM 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 …
Company News
The building is set for completion within two years from starting construction works
28 April 2019 06:16 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
Net profits amounted to SAR 14.6 million during Q4-17
18 February 2018 09:54 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
Net profits tumbled to SAR 16.39 million in Q3-17, from SAR 17.37 million in Q3-16, according to a bourse filing
5 November 2017 06:11 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
(Photo Credit: Saudi Arabian Monetary Authority’s website)
30 April 2017 06:02 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 …
Markets Regulations
Photo Credit: Arabianeye-Reuters
3 December 2015 03:53 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
Photo Archive
27 July 2015 09:19 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 …
Financial Results
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23 June 2015 09:44 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
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21 June 2015 09:39 AM Major events on Tadawul for Sunday
Riyadh-Mubasher: Investors are anticipating the following event related to a Tadawul-listed company on Sunday: 
Event
Photo Credit: Arabianeye - Reuters
19 June 2015 02:11 PM Major events on Tadawul during 21-25 June
Event
Photo Credit: Arabianeye - Reuters
18 June 2015 08:52 AM Major events on Tadawul for Thursday
Event
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9 June 2015 09:29 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
Photo Credit: Arabianeye-Reuters
8 June 2015 03:59 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