Al Sagr Cooperative Insurance Co (8180)

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News

4 September 09:35 AM Wataniya, Knowledge Net, Al Sagr Cooperative unveil new key appointments

Riyadh – Mubasher: Wataniya Insurance Company announced Hussien Akeil and Faisal Charara as the board’s Chairman and Vice Chairman, respectively. The Insurance Authority (IA) greenlighted the appointment on 28 August 2025, according to a bourse …

Management Decisions

25 April 2024 09:15 AM CMA approves Al Sagr Cooperative’s capital raise

Riyadh – Mubasher: The Capital Market Authority (CMA)greenlighted the request of Al Sagr Cooperative Insurance Company to increase its capital by way of a rights issue. The listed firm plans to raise its capital by SAR 160 million to SAR 300 …

Management Decisions

26 December 2023 11:07 AM Al Sagr Cooperative names new Chairman, Vice Chairman

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company appointed Saud Saleh Al Arifi as the new Chairman of the board for the next three years. The insurance firm also named Naif Rashed Alarfaj as the Vice Chairman, according to a bourse …

Banking and Finance

14 November 2023 04:05 PM Al Sagr Cooperative swings to net profit in 9M-23

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company turned to net profits before Zakat worth SAR 39.18 million in the first nine months (9M) of 2023, compared to net losses of SAR 55.26 million in 9M-22. Earnings per share (EPS) reached SAR …

Financial Results

14 September 2023 11:04 AM Amiantit, Al Sagr Cooperative mull capital hike via rights issue

Riyadh – Mubasher: Saudi Arabian Amiantit Company and Al Sagr Cooperative Insurance Company plan to increase their capital by offering rights issues, according to bourse disclosures. Amiantit aims to raise its capital by SAR 346.50 million in line …

Management Decisions

25 December 2022 11:46 AM Al Sagr Cooperative’s accumulated losses down to 12.12% of capital

Riyadh – Mubasher: The accumulated losses of Al Sagr Cooperative Insurance Company retreated to 12.12% from 69.24% of the capital as of 31 October 2022. The accumulated losses amount plunged to SAR 16.96 million from SAR 276.96 million, according …

Financial Results

16 October 2022 07:01 PM Al Sagr Cooperative’s shareholders approve 65% capital decrease

Riyadh – Mubasher: The shareholders of Al Sagr Cooperative Insurance Company agreed to reduce its capital by 65% to SAR 140 million from SAR 400 million through the cancellation of 26 million shares. The new capital will be distributed over 14 …

Management Decisions

6 October 2022 10:54 PM CMA nods to capital change requests by Al Sagr Cooperative, Tihama

Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted Al Sagr Cooperative Insurance Company’s request to decrease its capital to SAR 140 million from SAR 400 million, according to a bourse filing. The new capital will be distributed …

Corporate Actions

25 September 2022 09:06 AM Al Sagr Cooperative submits capital cut request to CMA

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company submitted a 65% capital cut request to the Saudi Capital Market Authority (CMA), according to a bourse filing on Sunday. On 6 September, the insurer’s board recommended reducing the …

Corporate Actions

21 September 2022 03:51 PM Al Sagr Cooperative to provide health insurance services to Maharah

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company received on 8 September 2022 an order from Maharah Human Resources Company to provide health insurance services for the company's employees and their families. The contract value exceeds 5% …

Companies Investments

20 September 2022 10:35 AM Al Sagr Cooperative Insurance, Gulf Union mull merger

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 …

Mergers and Acquisitions

19 September 2022 01:34 PM Al Sagr Cooperative Insurance appoints new Chairman, Vice Chairman

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has named Majid Abdullah Al Seri as the board’s new Chairman, according to a bourse disclosure. The Saudi listed firm also appointed Abdul Mohsen Nafez Jaber as the Vice Chairman, while …

Management Decisions

6 September 2022 00:55 AM Al Sagr Cooperative Insurance mulls 65% capital cut

Riyadh - Mubasher: The board of Al Sagr Cooperative Insurance Company has suggested to reduce the capital by 65% through the cancellation of 26 million shares, according to a recent bourse disclosure. The new capital will stand at SAR 140 million …

Board of Directors

4 September 2022 03:27 PM Al Sagr Cooperative Insurance’s accumulated losses surpass SAR 259m

Riyadh – Mubasher: The accumulated losses incurred by Al Sagr Cooperative Insurance Company have reached SAR 259.28 million as registered on 30 June 2022.  Al Sagr Cooperative Insurance noted that the accumulated losses amount represented 65 % of …

Financial Results

21 September 2021 08:58 AM Tadawul suspends trading on Al Sagr Cooperative Insurance

Riyadh – Mubasher: The Saudi Exchange (Tadawul) has halted the trading on the shares of Al Sagr Cooperative Insurance Company, according to a bourse filing. Suspending trading on the stock will be starting from Tuesday, 21 September, and until the …

Markets Regulations

23 August 2021 10:23 AM Tadawul halts trading on Al Sagr Cooperative Insurance, MESC

Riyadh – Mubasher: The Saudi Exchange (Tadawul) has suspended trading on the shares of Al Sagr Cooperative Insurance Co. and Middle East Specialized Cables Co. (MESC) for one trading session on Monday, 23 August, for not disclosing their financial …

Markets Regulations

8 November 2020 11:32 AM Al Sagr Insurance quarterly loss up 14%

Riyadh – Mubasher: The net losses before Zakat of Al Sagr Cooperative Insurance Company rose by 13.8% during the quarter ended in September 2020 to SAR 29.5 million from SAR 25.9 million in the prior-year period. This leap in the quarterly loss …

Financial Results

28 October 2020 09:54 AM Al Sagr Insurance to use SAR 47.3m statutory reserve to offset losses

Riyadh – Mubasher: The ordinary general meeting (OGM) of Al Sagr Cooperative Insurance Company approved using the statutory reserve worth SAR 47.34 million to offset part of the accumulated losses. The firm’s accumulated losses reached SAR 107.6 …

Management Decisions

20 August 2020 10:16 AM Al Sagr Cooperative Insurance turns to profitability in Q2-20

Riyadh – Mubasher: The net profits before Zakat and tax of Al Sagr Cooperative Insurance Company reached SAR 12.27 million in the second quarter (Q2) of 2020, against net losses of SAR 6.39 million in the same quarter of 2019. The company's …

Financial Results

17 June 2020 00:40 PM Al Sagr Insurance’s losses jump to SAR 58m in Q1-20

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company posted a year-on-year (YoY) surge in the net losses before Zakat during the first quarter (Q1) of 2020 at SAR 58.4 million, compared with SAR 319,000.  The net written premiums (NWP) slid by …

Financial Results

15 December 2019 10:00 AM Al Sagr seals SAR 23.7m deal with Maharah Human Resources

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company signed an agreement worth SAR 23.7 million with Maharah Human Resources Company to provide insurance services. The contract carries a maturity period of one year starting 12 December, …

General News

5 December 2019 10:44 AM Al Sagr signs deal with Maharah Human Resources

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company announced that it has reached an agreement with Maharah Human Resources Company to provide insurance services. Annual premiums represent 5% of the company’s total sales, according to a …

Companies Investments

10 November 2019 03:47 PM Al Sagr Insurance moves to losses in Q3

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company (Al Sagr Insurance) suffered SAR 25.9 million losses during the third quarter of 2019, versus profits of SAR 7.8 million in Q3-18. The company’s gross written premiums (GWP) jumped by 25.8% …

Financial Results

14 July 2019 10:21 AM Al Sagr Insurance inks deal with Elite Panorama

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has signed an agreement with Elite Panorama Company for Cooperative Insurance Agency. The deal’s value is the percentage of the premiums collected by the agent from clients under all …

Company News

20 November 2018 08:44 AM Al Saqr Cooperative wins SAR 20m contract

Riyadh – Mubasher: Al Saqr Cooperative Insurance Company on Tuesday announced that it has won a SAR 20 million contract from Mahara Human Resources Company. The contract, that will be signed on 12 December, entails providing insurance services to …

Companies Investments