Allied Cooperative Insurance Group (8150)

Riyadh – Mubasher: The board of Allied Cooperative Insurance Group (ACIG) reversed its decision to split the nominal value of the share from SAR 10 per share to SAR 0.10 per share during its 6 December 2023 meeting.  The board decided to maintain …

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) shifted to net profits before Zakat of SAR 52.16 million in the first nine months (9M) of 2023, compared to a net loss of SAR 35.62 million in 9M-22. The company’s earnings per share …

Riyadh - Mubasher: Amana Cooperative Insurance Company has inked a non-binding memorandum of understanding (MoU) with Allied Cooperative Insurance Group (ACIG) to evaluate a potential merger between the two companies. The two insurers will conduct …

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) has appointed Mohammad Abdullah Al Gadhi as the new CEO of the company. The appointment is subject to the Saudi Central Bank’s (SAMA) approval, according to a recent bourse filing. Al …

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) has appointed Yasser bin Muhammad bin Nasser Al Jarallah as the company's Chairman. The company has also named Fayez bin Saleh bin Mahfouz as Vice Chairman and Ali bin Yahya Ali Al …

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) has recorded an 88.86% coverage rate of its right issues and subscription. A total of 13.329 out of 15 million shares were subscribed at a total value of SAR 133.296 million, according …

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Allied Cooperative Insurance Group (ACIG) has approved a capital increase by SAR 150 million by offering priority rights. To raise the capital, the company will offer and list 15 …

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) approved for Allied Cooperative Insurance Group (ACIG) to increase its capital through rights issue shares. The company aims to raise the capital by SAR 150 million, according to a …

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) has appointed Mohamed Abdullah Ghadi as the new CEO of the company, according to a bourse disclosure on Tuesday. Ghadi will assume the new position on Wednesday, 1 September. The new CEO …

Riyadh – Mubasher: Allied Cooperative Insurance Group suffered net losses before Zakat worth SAR 1.81 million in the first half (H1) of 2021, against net profits of SAR 9.96 million in H1-20. The loss per share stood at SAR 0.35 in H1-21, versus …

Riyadh – Mubasher: Allied Cooperative Insurance Group’s (ACIG) recorded a 50.161% decline in net profits before Zakat to SAR 3.546 million in 2020 from SAR 7.115 million in 2019.  The company’s net written premiums decreased by 4.546% to SAR …

Riyadh – Mubasher: The board of Allied Cooperative Insurance Group (ACIG) has approved the resignation of the company’s chairwoman, Nouf Saud Al-Haqbani. Al-Haqbani’s resignation was submitted for personal reasons and was effective as of 15 …

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) submitted a request to the Capital Market Authority (CMA) for a SAR 150 million capital raise via a rights issue, according to a bourse disclosure on Sunday.  ACIG wants to increase its …

Riyadh - Mubasher: Allied Cooperative Insurance Group’s (ACIG) third-quarter net losses before Zakat skyrocketed by 163.22% year-on-year (YoY) to SAR 1.45 million. This is compared to losses of SAR 552,000 in the year-ago period, according to a …

Riyadh - Mubasher: Allied Cooperative Insurance Group (ACIG) announced receiving a no-objection letter from the Saudi Arabian Monetary Authority (SAMA) to increase the company’s capital via a rights issue valued at SAR 150 million. ACIG wants to …

Riyadh - Mubasher: The board of Allied Cooperative Insurance Group (ACIG) approved the resignation of the company’s chairman, Thamer bin Abdullah bin Rais. The resignation was submitted on 7 September for personal reasons, according to a bourse …

Riyadh - Mubasher: The extraordinary general meeting (EGM) of Allied Cooperative Insurance Group (ACIG) approved the board’s recommendation to cut the company’s capital by 29.5% to SAR 141 million from SAR 200 million. The number of shares will be …

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved the request made by Allied Cooperative Insurance Group Company to reduce its capital from SAR 200 million to SAR 141 million. The capital reduction will be through cutting …

Riyadh - Mubasher: The board of the Allied Cooperative Insurance Group (ACIG) has recommended reducing the company’s capital by 29.5% from SAR 200 million to SAR 141 million then raising the capital by SAR 150 million. The aim is to offset …

Riyadh - Mubasher: Allied Cooperative Insurance Group (ACIG) announced that it has received a letter from the Saudi Arabian Monetary Authority (SAMA) obligating the company to increase the statutory deposit ratio to 15% of capital. This was …

Riyadh – Mubasher: Malath Cooperative Insurance and Allied Cooperative Insurance Group (ACIG) announced not to continue their merger talks. The decision came after the two companies failed to reach a preliminary agreement regarding the method for …

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) on Wednesday said its profits went down 16.4% in the third quarter of 2017, compared to the year-ago period. Profits stood at SAR 3.9 million in Q3-17, compared to SAR 4.7 million in …

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) achieved a growth of 50.12% in net profits before zakat during the second quarter of 2017, compared to the same period a year ago. Earnings increased to SAR 6.6 million in Q2-17 from SAR …

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) saw a rise of 29.7% in net profits during the first quarter of 2017. Profits amounted to SAR 4.9 million in Q1-17 from SAR 3.78 million in Q1-16, according to a bourse filing on Tuesday. …

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) appointed Saudi Kuwaiti Finance House (SKFH) as a financial advisor to manage its merger with Malath Cooperative Insurance and Reinsurance. In March, the boards of the two Saudi-listed …