Gulf Union Alahlia Cooperative Insurance Co. (8120)

Riyadh – Mubasher: Gulf Union Al Ahlia Cooperative Insurance Company shifted to profitability in 2023, registering a net profit after Zakat attributable to shareholders of SAR 125.03 million, versus a net loss of SAR 18.30 million a year earlier. …

Riyadh – Mubasher: Gulf Union Al Ahlia Cooperative Insurance Company achieved a net profit before Zakat of SAR 90.53 million during the first nine months (9M) of 2023, compared to a net loss of SAR 23.57 million in the same period of the previous …

Riyadh – Mubasher: Gulf Union Al Ahlia Cooperative Insurance Company has appointed Abdulaziz Ali Al Turki as the new Chairman of the board for the coming three years. The Saudi firm also announced Zaid Abdullah Al Yaeesh as the Vice Chairman, …

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has penned a non-binding memorandum of understanding (MoU) with Gulf Union Al Ahlia Cooperative Insurance Company to evaluate a potential merger between the two companies. The two insurers …

Riyadh – Mubasher: The accumulated losses of Gulf Union Alahlia Cooperative Insurance Company plummeted to SAR 135.96 million, after raising its capital by 100% through a rights issue. The firm’s accumulated losses currently account for 29.63% of …

Riyadh – Mubasher: The Capital Market Authority (CMA) has granted its green light for the requests of Gulf Union Alahlia Cooperative Insurance Company and Wataniya Insurance Company to increase their capital through rights issues. Gulf Union …

Riyadh – Mubasher: Gulf Union Al Ahlia Cooperative Insurance Company has submitted an application to the Saudi Capital Market Authority (CMA) on 28 December to obtain the approval for increasing the company's capital through a rights issue, …

Riyadh – Mubasher: Gulf Union Al Ahlia Cooperative Insurance Company has obtained the approval of the Saudi Central Bank (SAMA) to renew its licence to practice insurance activity. Upon activity renewal, Gulf Union Al Ahlia will be authorised to …

Riyadh – Mubasher: The board of Gulf Union Alahlia Cooperative Insurance Company recommended a capital increase through a right issues, according to a bourse disclosure on Wednesday. The company intends to raise the capital by SAR 229.47 million …

Riyadh – Mubasher: Gulf Union Alahlia Cooperative Insurance Company suffered net losses before Zakat worth SAR 103.59 million in the first half (H1) of 2021, against profits of SAR 4.49 million in H1-20. The loss per share stood at SAR 4.6 in …

Riyadh – Mubasher: Gulf Union Alahlia Cooperative Insurance Company has decreased its accumulated losses to SAR 27.85 million, which accounts for 12.14% of the capital, as on 30 June 2021, according to a bourse filing on Thursday. The company used …

Riyadh – Mubasher: Gulf Union Alahlia Cooperative Insurance Company has received a nod from the Saudi Central Bank (SAMA) to transfer online insurance activities from Al Ahlia Cooperative Insurance to Gulf Union Alahlia. The no-objection letter …

Riyadh – Mubasher: The board of Gulf Union Alahlia Cooperative Insurance Company has recommended to partially offset the accumulated losses by SAR 89.48 million by using the entire share premium account. Following the reduction, the accumulated …

Riyadh - Mubasher: Gulf Union Al Ahlia Cooperative Insurance Company has appointed Mesheal Ibrahim Al Shayea as the CEO of the firm effective from 15 June 2021. The appointment resolution followed the Saudi Central Bank’s (SAMA) approval. Al …

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Tuesday said the shares of Al Ahlia Insurance Company were delisted from the bourse on 7 December 2020. The step comes after the merger between Al Ahlia Insurance and Gulf Union Cooperative …

Riyadh – Mubasher: Al Ahlia Insurance Company on Sunday said that its merger decision with Gulf Union Cooperative Insurance Company has come into effect. This comes as Al Ahlia’s creditor objection period to merge with Gulf Union ended on 3 …

Riyadh - Mubasher: The extraordinary general meeting (EGM) of Gulf Union Cooperative Insurance Company approved merging the company with Al Ahlia Insurance Company through issuing 0.646 shares in Gulf Union for every share in Al Ahlia (the merger …

Riyadh – Mubasher: Al Ahlia Insurance Company has received a no objection letter on 10 August from the Saudi Arabian Monetary Authority (SAMA) concerning its potential merger with Gulf Union Cooperative Insurance Company. The two insurers will now …

Riyadh - Mubasher: Five Saudi companies listed on the Saudi Stock Exchange (Tadawul) on Thursday announced the impact of the General Traffic Department’s recent mandate obliging all vehicle owners to carry effective motor insurance before the …

Riyadh - Mubasher: Net losses before Zakat of Gulf Union Cooperative Insurance Company shrank by 83.1% on an annual basis during the first quarter (Q1) of 2020, standing at SAR 6.1 million from SAR 36.1 million. Net written premiums (NWP) were …

Riyadh – Mubasher: Al Ahlia Insurance Company and Gulf Union Cooperative Insurance Company have announced signing a Memorandum of Understanding (MoU) to evaluate a potential merger. Under the non-binding MoU, both companies will conduct technical, …

Riyadh – Mubasher: Saudi Arabia-based Gulf Union Cooperative Insurance on Monday announced that its board of directors had approved raising capital by issuing 9.19 million shares for Al Ahlia for Cooperative Insurance’s shareholders ahead of a …

Riyadh – Mubasher: Gulf Union Cooperative Insurance said that the actual credit to be repaid by the company’s strategic partner Gulf Union Insurance and Projects Management Holdings stands at SAR 14.76 million ($3.94 million). Gulf Union said that …

Riyadh – Mubasher: Gulf Union Cooperative Insurance signed a non-binding memorandum of understanding (MoU) with Al Ahlia for Cooperative Insurance on Tuesday. The purpose of the deal is to begin financial, legal, and actuarial due diligence and …

Riyadh – Mubasher: Gulf Union Cooperative Insurance announced offsetting its accumulated losses, which have reached SAR 73.6 million, by 33.5%. Decreasing the accumulated losses was attributed to reducing the company’s capital after obtaining the …