Al Sagr Cooperative Insurance Co (8180)

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News

29 June 11:38 AM Al Sagr Cooperative rolls out agreement with Key Car Rental

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has officially entered into a substantial insurance agreement with Key Car Rental Company to provide comprehensive coverage for the latter’s vehicle fleet. The contract, which was formally …

Companies Investments

24 June 07:57 AM Al Sagr Cooperative obtains regulatory approval for new cyber insurance product

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has announced that it has received final regulatory approval from the Insurance Authority to launch a specialized cyber insurance product. The approval authorizes the company to market and …

Companies Investments

23 June 12:44 PM Al Sagr Cooperative’s shareholders approve liability lawsuits against former executives

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has announced the results of its Ordinary General Assembly Meeting, held on 22 June 2026, where shareholders approved significant legal actions against former leadership and ratified the …

General Assembly

18 June 11:49 AM Al Sagr Cooperative announces commencement of e-voting for OGM

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has officially initiated the electronic voting period for its upcoming Ordinary General Assembly meeting that is scheduled to take place on 22 June 2026, according to a bourse filing. Al …

General Assembly

17 June 08:17 AM Al Sagr Cooperative plans to partially offset accumulated losses via statutory reserve

Riyadh - Mubasher: The board of Al Sagr Cooperative Insurance Company recommended utilizing the company’s statutory reserve balance to partially absorb its accumulated losses. The proposal, finalized on 16 June, involves the allocation of SAR 8.90 …

Banking and Finance

1 June 02:57 PM Al Sagr Cooperative gets regulatory approval for new product

Riyadh - Mubasher: Al Sagr Cooperative Insurance Company has obtained the final approval from the Insurance Authority (IA) to market and sell its Health Insurance for Athletes product for both individuals and groups. The approval was obtained on …

Companies Investments

4 September 2025 10:35 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 10:15 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 …

Banking and Finance

26 December 2023 00:07 PM 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 …

Corporate Actions

14 November 2023 05:05 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 00:04 PM 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 …

Companies Investments

25 December 2022 00:46 PM 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 08:01 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 …

Corporate Actions

6 October 2022 11:54 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 …

Management Decisions

25 September 2022 10:06 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 04:51 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 11:35 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 …

Companies Investments

19 September 2022 02:34 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 01:55 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 …

Corporate Actions

4 September 2022 04:27 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 …

Corporate Actions

21 September 2021 09:58 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 11:23 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 …

Trading Activities

8 November 2020 00:32 PM 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 10:54 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 …

General Assembly

20 August 2020 11:16 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