Amana Cooperative Insurance Co (8310)

Riyadh – Mubasher: Amana Cooperative Insurance Company turned to profitability in 2023, recording a net profit after Zakat attributable to shareholders of SAR 25.43 million, compared to a net loss of SAR 48.18 million a year earlier. Insurance …

Riyadh – Mubasher: Amana Cooperative Insurance Company reported SAR 31.47 million worth of net profits before Zakat in the first nine months (9M) of 2023, compared to a net loss of SAR 51.84 million in the same period of 2022. The earnings per …

Riyadh – Mubasher: Amana Cooperative Insurance Company has named Abdullah Othman Almusa as the new Chairman of the board for the next three years. The Tadawul-listed insurer also announced Tareq Abdullah Algaraawy as the Vice Chairman, according …

Riyadh - Mubasher: Amana Cooperative Insurance Company has inked a non-binding memorandum of understanding (MoU) with Allied Cooperative Insurance Group (ACIG) to evaluate a potential merger between the two companies. The two insurers will conduct …

Riyadh - Mubasher: The accumulated losses of Amana Cooperative Insurance Company shrank to SAR 194.95 million at the end of the first half (H1) of 2022, accounting for 45.34% of the capital. The lower accumulated losses followed a capital raise to …

Riyadh – Mubasher: Amana Cooperative Insurance Company has registered a 71.91% coverage rate of its right issue and subscription volume. A total of 21.57 million shares were subscribed at a value of SAR 215.73 million, according to a bourse …

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Amana Cooperative Insurance Company has approved the board’s recommendation to increase the capital by SAR 300 million. The 230.70% capital hike will be carried out by offering a right …

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: The Saudi Central Bank (SAMA) has agreed to increase Amana Cooperative Insurance Company’s capital to SAR 430 million from SAR 130 million through a rights issue. SAMA granted its green light for the capital hike’s …

Riyadh - Mubasher: The board of Amana Cooperative Insurance Company has recommended a capital increase of SAR 300 million through a rights issue. The company will utilise the amount of the capital raise to support its future plans and strengthen …

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Amana for Cooperative Insurance Company has approved the merger with Saudi Enaya Cooperative Insurance Company. During its meeting, the EGM has also agreed on an increase of the …

Riyadh – Mubasher: Amana for Cooperative Insurance Company said that the Saudi General Authority of Competition has issued a non-objection note for the merger with Saudi Enaya for Cooperative Company on 14 July. The agreement is still subject to …

Riyadh – Mubasher: The shareholders of Amana Cooperative Insurance Company approved reducing the capital by 45.8% or SAR 110 million, according to a bourse filing on Monday. The new capital will become SAR 130 million distributed over 13 million …

Riyadh – Mubasher: Amana Cooperative Insurance Company and Saudi Enaya Cooperative Insurance Company have signed a binding merger agreement, according to a disclosure to Tadawul on Sunday. Amana will issue new ordinary shares in consideration of …

Riyadh – Mubasher: Amana Cooperative Insurance Company has received the go-ahead from the Saudi Central Bank (SAMA) to cut the company’s capital by 45.8% or SAR 110 million, according to a stock exchange statement on Tuesday.  The insurer’s …

Riyadh – Mubasher: Amana Cooperative Insurance Company’s board recommended decreasing the company’s capital by 45.83% to amortise accumulated losses worth SAR 110 million as of 30 September 2020. Hence, the insurer’s capital will be cut to SAR 130 …

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company inked a non-binding memorandum of understanding (MOU) with Amana Cooperative Insurance Company to evaluate a potential merger between the two companies. Both companies will conduct …

Riyadh – Mubasher: Amana Cooperative Insurance Company turned to a net loss of SAR 30.7 million during the third quarter (Q3) of this year, versus a net profit of SAR 1.99 million in the same quarter in 2019. The move to losses during Q3-20 is …

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company has started initial discussions with Amana Cooperative Insurance Company to explore the possibility of a merger between the two companies. In case an initial agreement is reached, a …

Riyadh – Mubasher: Amana Cooperative Insurance Company moved to net profits before Zakat of SAR 4.6 million during the second quarter (Q2) of 2020, versus net losses of SAR 4.3 million in the same period in the previous year. The turn to profits …

Riyadh – Mubasher: Amana Cooperative Insurance Company was awarded a contract to provide cooperative health insurance services for the employees of Sidr Group Company for Trading and Contracting and their families for one year effective as of 10 …

Riyadh – Mubasher: Amana Cooperative Insurance Company on Thursday said that its accumulated losses were below 35% of the paid-up capital (34.77%) in the first quarter (Q1) of 2020. The insurer attributed the decline in losses to the 7% annual …

Riyadh – Mubasher: Amana Cooperative Insurance Company turned profitable in the first quarter (Q1) of 2020, recording net profits before Zakat of SAR 2.4 million, versus net losses of SAR 20.7 million, as shown in the company's initial financial …

Riyadh – Mubasher: Amana Cooperative Insurance Company announced the renewal of El Seif Engineering Contracting Company’s health insurance policy. The renewed policy involves presenting health insurance services to the contracting company’s staff …

Riyadh – Mubasher: Amana Cooperative Insurance on Sunday announced that its new shares issued as part of its capital hike were 75.02% covered. Around 7.5 million shares from a total of 10 million shares have already been subscribed into, the …