LIVA Insurance Co. (8280)

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News

22 August 2024 11:00 AM Liva Group to expand in Saudi market via merger with Malath Insurance

Riyadh – Mubasher: Liva Group announced a potential merger between Liva Insurance Company (Liva KSA) and Malath Cooperative Insurance Company (Malath Insurance) The GCC's leading multi-line insurer highlighted that the transaction aligns with its …

Banking and Finance

16 July 2024 10:54 AM Al Alamiya wins contract with Banque Saudi Fransi

Riyadh – Mubasher: Banque Saudi Fransi has awarded Al Alamiya for Cooperative Insurance Company a contract for insurance services for one year. Signed on 16 July 2024, the agreement’s value is more than 10% of the insurance revenues of Al …

Banking and Finance

9 May 2024 01:53 PM Al Alamiya swings to profitability in Q1-24

Riyadh – Mubasher: Al Alamiya for Cooperative Insurance Company shifted to profitability in the first quarter (Q1) of 2024, recording a net profit after Zakat attributable to shareholders of SAR 4.64 million, versus a net loss of SAR 867,000 in …

Financial Results

7 November 2023 08:08 PM Al Alamiya turns to nearly SAR 10m net profits in 9M-23; accumulated losses unveiled

Riyadh – Mubasher: Al Alamiya for Cooperative Insurance Company recorded net profits before Zakat of SAR 9.95 million in the first nine months (9M) of 2023, against a net loss of SAR 51.54 million in the same period of the previous year. The …

Banking and Finance

21 December 2022 04:24 PM Al Alamiya names Rueegg as acting CEO

Riyadh – Mubasher: Al Alamiya for Cooperative Insurance Company has appointed Martin Rueegg as its acting CEO, according to a bourse disclosure. Rueegg assumed his new role on 21 December 2022, after obtaining the Saudi Central Bank’s (SAMA) …

Board of Directors

12 September 2022 11:20 PM Al Alamiya announces resignation of CEO

Riyadh - Mubasher: Al Alamiya for Cooperative Insurance Company accepted the resignation of Khalid Jaafar Allagany from his position as the firm’s CEO on 11 September 2022. Allagany submitted his resignation, which will take effect on 11 December …

Board of Directors

15 March 2022 03:34 PM Al Alamiya turns to losses in 2021

Riyadh – Mubasher: Al Alamiya for Cooperative Insurance Company has incurred net losses before Zakat worth SAR 27.66 million in 2021, against profits amounting to SAR 1.44 million in 2020. The loss per share increased to SAR 0.88 in 2021 from SAR …

Financial Results

12 January 2022 05:20 PM Al Alamiya names new Chairman, Vice Chairman for 3 years

Riyadh - Mubasher: Al Alamiya for Cooperative Insurance Company has appointed Abdulaziz bin Hasan as its new Chairman for three years starting from 16 November 2021. The Saudi listed company also appointed Tariq Al Naeem as the Vice Chairman for …

Corporate Actions

23 June 2021 11:52 AM Al Alamiya renews insurance licence

Riyadh – Mubasher: Al Alamiya for Cooperative Insurance Company has received on 22 June the Saudi Central Bank’s (SAMA) approval for renewing its insurance and reinsurance licence for three years, according to a bourse filing on Wednesday. The …

Central Banks

11 March 2021 09:53 AM Saudi Al Alamiya profits shrink 94% in 2020

Riyadh – Mubasher: Al Alamiya for Cooperative Insurance Company reported on Thursday net profits before Zakat of SAR 1.4 million for the year 2020. This represents a year-on-year shrinkage of 93.9% when compared to SAR 23.7 million in 2019, …

Financial Results

3 March 2021 04:12 PM Saudi Al Alamiya plans no dividends for 2020

Riyadh – Mubasher: The board of directors of Al Alamiya for Cooperative Insurance Company recommended not to distribute cash dividends for fiscal year (FY) 2020. The step comes to support the company’s financial position, according to a stock …

Cash Dividends

4 November 2020 10:31 AM Saudi Al Alamiya profits more than halve in Q3

Riyadh – Mubasher: Al Alamiya for Cooperative Insurance Company reported a 55.3% annual decline in net profits before Zakat over the third quarter (Q3) of 2020. The insurer’s earnings reached SAR 2.3 million in Q3-20, compared with SAR 5.2 million …

Financial Results

30 September 2020 04:06 PM Saudi Al Alamiya awarded insurance contract from Panda Retail

Riyadh – Mubasher: Al Alamiya for Cooperative Insurance Company on Wednesday announced a contract sign off with Panda Retail Company. Under the contract, Al Alamiya will provide Panda with general insurance services for one year, according to a …

Companies Investments

11 June 2020 04:45 PM Saudi Al Alamiya’s profits more than halve in Q1-20

Riyadh – Mubasher: Al Alamiya for Cooperative Insurance Company registered SAR 3.4 million in net profits before Zakat during the first quarter (Q1) of 2020, 55.7% less than SAR 7.78 million in the same period a year ago. The insurer’s net written …

Financial Results

1 October 2019 09:47 AM Saudi Al Alamiya, Panda Retail ink insurance services provision deal

Riyadh – Mubasher: Al Alamiya for Cooperative Insurance Company, listed on the Saudi Stock Exchange (Tadawul), announced it has signed an agreement with Panda Retail Company. Under the agreement, Al Alamiya will provide Panda Retail with general …

Companies Investments

29 October 2018 04:48 PM Al Alamiya for Cooperative Insurance to generate SAR 45m from deal

Riyadh – Mubasher: Al Alamiya for Cooperative Insurance Company announced renewing an insurance agreement with Riyad Bank. The agreement entails insurance coverage for Riyad Bank’s auto leasing programme, the insurance firm said in a statement to …

Companies Investments

27 November 2017 06:35 PM CMA imposes SAR 60,000 fines on 2 insurance companies

Riyadh - Mubasher: The Capital Market Authority’s (CMA) board has issued two separate resolutions to impose fines two insurance companies, according to a statement on the Saudi Stock Exchange (Tadawul). Fines of SAR 10,000 and SAR 50,000 have been …

Markets Regulations

23 May 2017 11:03 AM Al Alamiya to distribute dividends for 2016

Riyadh – Mubasher: The general assembly of Al Alamiya for Cooperative Insurance approved the distribution of cash dividends for 2016. The assembly also agreed on the board’s and auditors’ reports for 2016, in addition to amending the bylaws of the …

Cash Dividends

30 April 2017 11:52 AM Al Alamiya, Riyad Bank ink 1-yr deal

Riyadh – Mubasher: Al Alamiya for Cooperative Insurance signed an agreement with Riyad Bank on Thursday. Under the deal, the insurance firm will provide insurance coverage on the mortgage programme of the bank to its customers for a period of one …

Corporate Actions

15 March 2017 08:11 AM Al Alamiya proposes FY16 dividend payout

Mubasher: The board members of Al Alamiya for Cooperative Insurance recommended not to distribute a dividend for fiscal year 2016, according to a bourse statement issued on Wednesday. This proposal was disclosed “in order to continue to strengthen …

Cash Dividends

19 February 2017 10:15 AM CCHI requalifies 5 firms for 3 yrs

Riyadh – Mubasher: Five Saudi-listed insurance companies announced receiving formal approval letters from the secretary general of the Council of Cooperative Health Insurance (CCHI). The letters include the approval of CCHI on the health insurance …

Management Decisions

17 March 2016 09:21 AM Al Alamiya board proposes dividend freeze

Riyadh-Mubasher: Al Alamiya for Cooperative Insurance Co. said its board of directors on Wednesday recommended withholding dividends for 2015, according to a bourse statement. The dividend freeze proposal is aimed at strengthening the company’s …

Management Decisions

4 November 2015 08:15 AM Al Alamiya gets SAMA’s license renewal

Riyadh-Mubasher: Al Alamiya for Cooperative Insurance Co. has obtained the approval of Saudi Arabian Monetary Agency (SAMA) on the renewal of its insurance and reinsurance license for three years as of 9 October 2015, the insurer said in a bourse …

Corporate Actions

18 October 2015 10:08 AM Savola reaches settlement agreement with Al Alamiya

Riyadh-Mubasher: Savola Group has reached a final settlement with Al Alamiya for Cooperative Insurance Co. regarding the damage and loss caused by fire at Savola's subsidiary United Sugar. Savola earlier said fire broke out at the raw sugar …

Corporate Actions

14 September 2015 04:15 PM Al Alamiya names Alireza as chairman

Riyadh-Mubasher: Al Alamiya for Cooperative Insurance Co. said the board, in a meeting held on 14 September, appointed Ali Alireza as chairman and Khalid Allagany as managing director, according to a bourse statement posted on Monday.  .

Corporate Actions