Arabia Insurance Cooperative Co (8160)

Riyadh – Mubasher: Arabia Insurance Cooperative Company logged an 875.19% year-on-year (YoY) surge in net profit after Zakat attributable to shareholders to SAR 60.46 million in 2023 from SAR 6.20 million. Insurance revenues jumped 49.64% YoY to …

Riyadh – Mubasher: Arabia Insurance Cooperative Company has named Abdulaziz Saleh Al Omair as the Chairman of the board for the next three years. Muneer Butros Mouasher was announced as the Vice Chairman, according to a bourse disclosure. The two …

Riyadh – Mubasher: The board of Arabia Insurance Cooperative Company recently accepted the resignation of Abdulaziz Abdulhadi Al Qahtani from his position as a non-executive Chairman. Al Qahtani stepped down from his position due to work …

Riyadh – Mubasher: Arabia Insurance Cooperative Company turned to net profits before Zakat of SAR 64.35 million in the first nine months (9M) of 2023, compared to a net loss of SAR 6.66 million in the same period last year. The company achieved …

Riyadh – Mubasher: Arabia Insurance Cooperative Company posted net profits before Zakat worth SAR 36.75 million during the first half (H1) of 2023, an annual leap of 1,175% from SAR 2.88 million. Earnings per share (EPS) amounted to SAR 0.56 in …

Riyadh – Mubasher: Arabia Insurance Cooperative Company turned profitable at SAR 11.56 million in the first quarter (Q1) of 2023, against net losses before Zakat valued at SAR 9.28 million in Q1-22. Gross written premiums (GWP) hiked by 42.93% …

Riyadh – Mubasher: Arabia Insurance Cooperative Company appointed Abdulaziz Abdulhadi Al Gahtani as the new Chairman of the board for the next three years. The insurance firm also named Abdulaziz Saleh Al Omair as the Vice Chairman, according to a …

Riyadh – Mubasher: Arabia Insurance Cooperative Company generated net profits before Zakat worth SAR 12.77 million in 2022, higher by 2,310% year-on-year (YoY) than SAR 530,000. Earnings per share (EPS) stood at SAR 0.31 during January-December …

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Arabia Insurance Cooperative Company greenlighted the board’s recommendation to increase the capital by 100% to SAR 530 million from SAR 265 million. The capital hike will be carried …

Riyadh - Mubasher: The Capital Market Authority (CMA) has approved the request of Amana Cooperative Insurance Company and Arabia Insurance Cooperative Company to raise their capital via a rights issue. Amana seeks to increase its capital by way of …

Riyadh – Mubasher: Arabia Insurance Cooperative Company has been awarded a contract from Al Hokair Group of Companies on 9 February to provide general insurance services. The contract value is estimated to be SAR 25 million, while the two parties …

Riyadh – Mubasher: The Capital Market Authority (CMA) gave the green light for increasing the capital of Arabia Insurance Cooperative Company through a rights issue. Arabia Insurance aims to raise its capital by SAR 265 million, according to a …

Riyadh – Mubasher: Arabia Insurance Cooperative Company recorded net profits before Zakat worth SAR 3.99 million in the first six months of 2021, lower by 17% than SAR 4.83 million in the same half last year. Earnings per share declined to SAR …

Riyadh – Mubasher: Arabia Insurance Cooperative Company (AICC) has achieved net profits before Zakat of SAR 12.257 million in 2020, against net losses of SAR 37.762 million in 2019. The company has turned to profitability in 2020, driven by lower …

Riyadh – Mubasher: Arabia Insurance Cooperative Company (AICC) on Monday announced receiving an order from Aljomaih Group of Companies to provide general and motor insurance services for one year starting from 1 March 2021. The insurer said the …

Riyadh – Mubasher: Arabia Insurance Cooperative Company (AICC) turned profitable in the third quarter (Q3) of 2020, gaining SAR 5.3 million in net earnings, compared to SAR 16.2 million worth of losses in the same quarter in 2019. The move to …

Riyadh – Mubasher: Arabia Insurance Cooperative Company (AICC) returned to profitability in the second quarter (Q2) of 2020, generating SAR 4.6 million in net profits, versus SAR 12.5 million in net losses in the year-ago period. The move to …

Riyadh – Mubasher: Arabia Insurance Cooperative Company (AICC) has achieved net profits before Zakat of SAR 190,000 during the first quarter (Q1) of 2019, against losses of SAR 5.2 million in the corresponding quarter in the year before. On an …

Riyadh – Mubasher: Arabia Insurance Cooperative Company (AICC) announced on Monday that it has received the Saudi Arabian Monetary Authority’s (SAMA) approval to renew its license. The license has been renewed in the fields of insurance, health …

Riyadh – Mubasher: Arabia Insurance Cooperative Company (AICC) announced that the board of directors has approved the resignation of CEO Ammar Al Halawani. The board also approved the appointment of Ziad bin Mohammed Al Rabeesh as the company’s …

Riyadh – Mubasher: Arabia Insurance Cooperative Co (AICC) on Wednesday announced receiving a no-objection letter from the Saudi Arabian Monetary Agency (SAMA) to increase its capital by issuing priority rights shares. SAMA approved the Saudi …

Riyadh – Mubasher: Arabia Insurance Cooperative Co. has obtained the renewal of the professional license from Saudi Arabian Monetary Agency (SAMA) for three years. The renewal will be valid from 12/06/1438 Hijri till 11/06/1441 Hijri, according to …

Riyadh – Mubasher: United Cooperative Assurance (UCA) on Monday said that its financial statements are based on the International Financial Reporting Standards (IFRS) since establishment. There is no financial impact for applying the IFRS on the …

Riyadh – Mubasher: Arabia Insurance Cooperative said its extraordinary general meeting approved, at its second meeting, the board’s recommendation regarding reducing the company’s capital by 33.75% from SAR 400 million to SAR 265 million at 1 …

Riyadh – Mubasher: Arabia Insurance Cooperative Company said Tuesday that its extraordinary general meeting (EGM) will be held on 2 August to discuss a proposal to decrease the capital by 33.75% to SAR 365 million from SAR 400 million. Thus, the …