Al-Ahlia Insurance Co

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 on Thursday said it has received the Saudi Arabian Monetary Authority’s (SAMA) approval to renew its licence. The license has been renewed in the fields of general insurance and health insurance for …

Riyadh – Mubasher: Al Ahlia Insurance Company turned profitable in the second quarter (Q2) of 2020, achieving SAR 616 million in net earnings, versus SAR 5.7 million in net losses over the same quarter a year earlier. Net written premiums (NWP) …

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: The board of Al Ahlia Insurance Company has cancelled its previous recommendation to the company’s extraordinary general assembly meeting (EGM) to raise capital through a rights issuance. The board reached its new decision on 24 …

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: The extraordinary general meeting (EGM) of Al Ahlia Insurance Co approved to reduce the firm’s capital to SAR 123 million from SAR 160 million, a 23.125% decline. Therefore, the company’s shares will amount to 12.300 …

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) announced approving the request of Al Ahlia Insurance Company to slash its capital to SAR 123 million from SAR 160 million. Accordingly, the number of shares will be reduced to 12.3 …

Riyadh – Mubasher: Al Ahlia Insurance Company on Sunday announced that it has turned to losses in the first quarter of 2019. Net losses before tax recorded SAR 50,000 in Q1-19, against a profit of SAR 7.2 million during Q1-18, according to the …

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 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: Al Ahlia Cooperative Insurance Company reported profits of SAR 707,000 for the first quarter of 2017 against losses of SAR 8.25 million in the same period last year, as shown by the company’s financial statements. The company …

Riyadh - Mubasher: Al Ahlia Cooperative Insurance announced that its accumulated losses reached SAR 56.9 million, representing 35.6% of capital. The company attributed the losses to higher technical provisions, adding to an increase in claims’ …

Riyadh - Mubasher: Al Ahlia Cooperative Insurance received the final approval from the Saudi Arabian Monetary Authority (SAMA) on the electronic sale on the company’s website. The approval included travel insurance and medical malpractice …

Riyadh - Mubasher: Al Ahlia Cooperative Insurance said that the Saudi Stock Exchange (Tadawul) will remove the accumulated losses flag mark from the exchange website. The step came after the company reduced its accumulated losses by 50% of its …

Riyadh - Mubasher: The extraordinary general meeting (EGM) of Al Ahlia Cooperative Insurance approved reducing its capital by 50% through the termination of 16 million shares. The capital will be decreased from SAR 320 million to SAR 160 million, …

Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events this week, between 19 and 23 February, as a number of listed companies are holding their general assembly meetings. Amana Cooperative …

Riyadh – Mubasher: Al Ahlia Cooperative Insurance Company on Wednesday announced achieving a net profit of SAR 673,000 ($179,460) in January 2017. Accumulated losses reached SAR 217 million by the end of January, accounting for 67.81% of the …

Riyadh - Mubasher: Al Ahlia Cooperative Insurance said that it is committed to the period set by SAMA to take the necessary procedures to resolve its financial issues. On Monday, Al Ahlia received a letter from the Saudi Arabian Monetary Agency …

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: Al Ahlia Cooperative Insurance Company on Thursday announced achieving a net profit of SAR 93,000 ($24,800) in November 2016. Its losses declined to SAR 21.54 million ($5.74 million) in 11 months, according to a bourse filing. …

Riyadh - Mubasher: Al Ahlia Cooperative Insurance said that it will hold its ordinary general meeting (OGM) on Monday 19 December to discuss reducing its capital by 50% through the termination of 16 million shares. According to the company’s …

Riyadh – Mubasher: Al Ahlia Cooperative Insurance company on Thursday announced achieving a net profit of SAR 250,000 ($66,700) in October 2016. Its losses declined to SAR 21.6 million ($5.76 million) in 10 months. Accumulated losses reached SAR …

Riyadh – Mubasher: Al-Ahlia Cooperative Insurance reported net losses of SAR 8.33 million ($2.22 million) in September to total SAR 21.88 million ($5.83 million) in the first nine months of 2016. Accumulated losses stood at SAR 217.19 million by …