Saudi Indian Company for Cooperative Insurance

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has issued its resolution of delisting Saudi Indian Company for Cooperative Insurance’s (Wafa Insurance) securities from the Saudi Exchange (Tadawul), according to a bourse disclosure on …

Riyadh – Mubasher: The board of the Saudi Indian Company for Cooperative Insurance (Wafa Insurance) approved extending the appointment of Ayed Asri Al Enazi as the company’s acting CEO for an additional non-extendable period of six months starting …

Riyadh – Mubasher: The board of the Saudi Indian Company for Cooperative Insurance (Wafa Insurance) recommended increasing the company’s capital by SAR 300 million through a rights issue. The capital raise will enhance the financial solvency …

Riyadh – Mubasher: The losses of the Saudi Indian Company for Cooperative Insurance (Wafa Insurance) plunged by 87.74% on yearly basis over the third quarter (Q3) of 2019 to reach SAR 4.07 million. The drop in losses was ascribed to a slump in the …

Riyadh – Mubasher: The losses of Saudi Indian Company for Cooperative Insurance (Wafa Insurance) increased by 148.4% in the three-month period ended 30 June 2020, reaching SAR 26.48 million from SAR 10.66 million in the year-ago quarter. The hike …

Riyadh – Mubasher: Saudi Indian Company for Cooperative Insurance (Wafa Insurance) announced that its ordinary general assembly meeting (OGM) has not approved the board of directors’ and auditor reports for fiscal year (FY) 2018. Moreover, the OGM …

Riyadh - Mubasher: The Saudi Indian Company for Cooperative Insurance (Wafa Insurance) expected to issue its financial statements for the period ended 30 June 2019 during a period not exceeding 30 January 2020. Wafa Insurance referred that the …

Riyadh – Mubasher: The board of directors of Saudi Indian Company for Cooperative Insurance (Wafa Insurance) has approved the request submitted by the CEO of the company,  Abdul Rahman Al Sahli, regarding not renewing his employment contract. The …

By: Thabet Shehata Riyadh – Mubasher: Consolidated profits of the companies listed on the Saudi Stock Exchange (Tadawul) retreated 16% year-on-year in the third quarter of 2018. Net profits amounted to SAR 33.2 billion ($8.85 billion) during the …

Riyadh – Mubasher: Saudi Indian Company for Cooperative Insurance (Wafa Insurance) on Monday announced that the accumulated losses exceeded 50% of its capital for the first quarter of 2018. Net losses amounted to SAR 70.12 million in Q1-18, …

Riyadh – Mubasher: Saudi Indian Company for Cooperative Insurance (Wafa Insurance) on Monday said that its board recommended reducing the company’s capital. Wafa insurance will decrease its capital by 18.03% to SAR 100 million from SAR 122 …

Riyadh – Mubasher: The stocks of Arabian Shield Cooperative Insurance Company, the Saudi Indian Company for Cooperative Insurance (Wafa Insurance), and Malath Cooperative Insurance Company led the Saudi Stock Exchange’s (Tadawul) losers during …

Riyadh – Mubasher: The Securities Depository Center (Edaa) announced applying the capital decrease for the Saudi Indian Company for Cooperative Insurance (Wafa Insurance) on the accounts of the eligible shareholders. The capital cut will be …

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Indian Company for Cooperative Insurance (Wafa Insurance) approved the board’s recommendation to decrease the capital by 40.49%. The company’s capital will be cut to SAR 122 …

Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) added 0.1% or 6.88 points to 6,947.36 points at Wednesday’s close. Traded value increased to SAR 3.73 billion ($994 million) on Wednesday compared to SAR 3.72 billion ($992 …

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Indian Company for Cooperative Insurance (Wafa Insurance) will meet 21 May to discuss the board’s recommendation to decrease the capital by 40.49%. The company’s capital will be …

Riyadh – Mubasher: Saudi Indian Company for Cooperative Insurance (Wafa Insurance) reported a 90% decline in the net profits of the first quarter of 2017. Net profits reached SAR 3.65 million in Q1-17 from SAR 36.46 million in the year-ago period, …

Riyadh – Mubasher: Saudi Indian Company for Cooperative Insurance (Wafa Insurance) expected that the latest decision of the Saudi Arabian Monetary Authority (SAMA) would reduce its sales on the short-term. Moreover, the company added that the …

Riyadh – Mubasher: Saudi Indian Company for Cooperative Insurance (Wafa Insurance) was suspended by the Saudi Arabian Monetary Authority (SAMA) from issuing motor insurance policies as of 27 April. The decision came after Wafa did not commit to …

Riyadh - Mubasher: The Saudi Capital Market Authority (CMA) approved the request of Saudi Indian Company for Cooperative Insurance (Wafa Insurance) to reduce its capital. The company’s capital will decrease from SAR 205 million to SAR 122 million, …

Riyadh - Mubasher: The Saudi Arabian Monetary Authority (SAMA) has approved the request of Saudi Indian Company for Cooperative Insurance (Wafa Insurance) to reduce its capital by SAR 833 million. The company in a statement to the Saudi Stock …

Riyadh - Mubasher: The board of Saudi Indian Company for Cooperative Insurance (Wafa Insurance) has recommended reducing the company’s capital by 40.49% from SAR 205 million to SAR 122 million. The capital will be reduced by 1.215 shares for every …

Riyadh – Mubasher: Saudi Indian Company for Cooperative Insurance Company (Wafa Insurance) announced on Monday the results of its extraordinary general meeting (EGM). EGM abstained to ratify all conducted businesses of its board from 11 July till …

Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events this week, between 18 and 22 December, led by the distribution of cash dividends by Al Babtain. Earlier, Al Babtain Power and …

Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events in the upcoming week led by the general assembly meetings by GASCO and Wafa Insurance. The Saudi Indian Company for Cooperative …