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Arabia Insurance Cooperative Co (8160)

Last update: 12:01 PM market time.
17.00
0.00
0.00%
Open 17.30
Previous Close 17.00
High 17.30
Low 17.00
Stock Statistics
Volume 129,418
Turnover 2,209,932.76
All data are 15 minutes late during market session

News

The insurer’s capital will be raised to SAR 530 million
24 April 01:32 PM SAMA nods to Arabia Insurance’s capital raise
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 …
(Photo credit: Arabianeye - Reuters)
15 February 2017 10:27 AM SAMA renews Arabia Insurance's professional license for 3 yrs
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 …
(Photo Credit: Arabianeye-Reuters)
29 August 2016 04:16 PM United Assurance adopts IFRS since establishment
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 …
Insurance activity
3 August 2016 09:52 AM Arabia Insurance approves capital cut
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 …
The company said the capital cut is mainly aiming at offsetting most of accumulated losses
19 July 2016 10:19 AM Arabia Insurance’s EGM to discuss capital cut 2 August
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 …
The company to cut its capital by SAR 135 million (Photo Archive)
7 April 2016 08:52 AM Arabia Insurance files with CMA for capital reduction
Riyadh-Mubasher: Arabia Insurance Cooperative filed with Capital Market Authority (CMA) for cutting SAR 135 million of its capital, according to a bourse filing. The filing said further updates will be disclosed when available.   On 5 November, …
Photo Archive
16 February 2016 09:04 AM Arabia Insurance OK’d to lower capital by SAR 135m
Riyadh-Mubasher: Arabia Insurance Cooperative Co. on Tuesday obtained the approval of Saudi Arabian Monetary Agency (SAMA) to reduce capital by SAR 135 million to SAR 265 million from SAR 400 million, the company said in a statement to the Saudi …
Photo Archive
10 January 2016 03:54 PM Arabia Insurance gets SAMA's nod for 11 products
Riyadh-Mubasher: Arabia Insurance Cooperative Co. has obtained the temporary approval of Saudi Arabian Monetary Agency (SAMA) on 11 insurance products for six months, the company said in a bourse statement.  
Photo Archive
8 November 2015 09:24 AM Arabia Insurance board recommends capital reduction
Riyadh-Mubasher: Arabia Insurance said the board proposed reducing capital by 33.75% (SAR 135 million) from SAR 400 million to SAR 265 million, the insurer said in a bourse statement on Sunday. The reduction will be effected through cancelling …
Photo Archive
27 October 2015 04:22 PM Arabia Insurance invests SAR 50m from rights issue proceeds in bonds
Riyadh-Mubasher: Arabia Insurance said it invested SAR 50 million from its rights issue proceeds reaching SAR 200 million in long-term bonds and investments, according to a bourse statement posted on Tuesday. The insurance firm has also added SAR …
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13 May 2015 04:45 PM Arabia Insurance accumulated losses hit 67% of capital
Riyadh-Mubasher: Arabia Insurance posted accumulated losses of SAR 134,394 until 30 April, representing 67% of capital.Net earnings before taxes and zakat amounted to SAR 223,000 in April. Gross written premiums (GWP) and net written premiums …
Insurance
13 May 2015 11:54 AM Arabia Insurance to compensate shareholders not participating in rights issue
Riyadh-Mubasher: Arabia Insurance on Thursday will pay SAR 8.4 million in compensation to shareholders who have not exercised their right to participate in the rights issue, as well as holders of fractional shares, said AlJazira Capital, the …
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29 April 2015 05:02 PM Arabia Insurance rights issue 83% covered
Riyadh-Mubasher: Arabia Insurance's rights issue was 82.70% covered, as 16.5 million shares were purchased at a total value of SAR 165.4 million.The unsubscribed shares will be offered to investment institutions on 3-4 May.   
Mubasher
28 April 2015 09:45 AM Major events on Tadawul for Tuesday
By Mohammed IdriesRiyadh-Mubasher: Investors are anticipating the following major events on the Saudi bourse on Tuesday:Translated by Abdul Maguid Aboshahla 
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26 April 2015 09:27 AM Major events on Tadawul for Sunday
By Mohammed IdriesRiyadh-Mubasher: Investors are anticipating the following major events on the Saudi bourse on Sunday:Translated by Abdul Maguid Aboshahla 
Photo Archive
23 April 2015 10:11 AM Key events to be seen on Tadawul Thursday
By Mohamed IdrisRiyadh – Mubasher: A number of key events will be witnessed Thursday on Saudi Stock Exchange (Tadawul), as shown in the table below:Translated by Sayed Abdel Rahman
Mubasher
14 April 2015 08:55 AM Major events on Tadawul for Tuesday
By Mohammed IdriesRiyadh-Mubasher: Investors are anticipating the following major events on the Saudi bourse on Tuesday:Translated by Abdul Maguid Aboshahla
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14 April 2015 08:30 AM Arabia Insurance gains SAR 1.9m in March
Riyadh-Mubasher: Arabia Insurance posted net profits of SAR 1.9 million in March, before taxes and zakah.The insurer posted net earnings of SAR 2.3 million before zakah and taxes during the first three months of 2015, with SAR 0.11 …
Photo Credit: Arabianeye-Reuters
8 April 2015 09:13 AM Arabia Insurance shareholders OK 100% capital increase
Riyadh-Mubasher: Arabia Insurance shareholders approved raising capital by 100% from SAR 200 million to SAR 400 million.The capital will be increased through offering 20 million rights issue shares, at SAR 10 each.
Photo Credit: Arabianeye-Reuters
8 April 2015 09:02 AM Arabia Insurance to trade at SAR 13.80 Wednesday
Riyadh-Mubasher: The fluctuation limits of Arabia Insurance will be based on a share price of SAR 13.80 on Wednesday.Shareholders approved raising capital by 100% from SAR 200 million to SAR 400 million, through offering 20 million rights issue …
Photo Credit: Arabianeye-Reuters
7 April 2015 10:30 AM Major events on Tadawul for Tuesday
By Mohammed IdrisRiyadh-Mubasher: Investors are anticipating the following major events on the Saudi bourse on Tuesday:Translated by Abdul Maguid Aboshahla 
Photo Credit: Arabianeye-Reuters
3 April 2015 04:57 PM Major Events on Tadawul for 5-9 April
By Mohamed IdrisRiyadh: Mubasher: Below is a table for the major events to be seen on Saudi Stock Exchange (Tadawul) during the week 5-9 April:  Translated by Sayed Abdel Rahman
Photo Credit: Arabianeye-Reuters
2 March 2015 04:29 PM Arabia Insurance gets CMA's nod for capital increase
Arabia Insurance obtained the approval of Capital Market Authority (CMA) to raise capital through offering rights issue shares worth SAR 200 million.The capital hike is subject to the approval of the extraordinary general meeting, according to the …
21 December 2014 00:42 PM Arabia Insurance submits capital increase request to CMA
Arabia Insurance Cooperative Company said in a bourse statement that it submitted on Thursday, Dec. 18 a request to the Capital Market Authority (CMA) to increase capital through offering rights issue shares worth SAR 200 …
17 November 2014 10:40 AM Arabia Insurance to submit capital increase request to CMA in Dec.
Arabia Insurance Cooperative Co. said it is working with financial advisor AlJazira Capital on preparing the capital increase request, which is likely to be submitted to the Capital Market Authority (CMA) late in December 2014.The …