Amana Cooperative Insurance Co (AMANA INSURANCE) News - Mubasher Info
KSA
Mubasher TV
 Contact Us Advertising   العربية
KSA
TDWL Closed
17 January 08:51 PM

Amana Cooperative Insurance Co (8310)

Last update: 15 January 03:16 PM market time.
5.97
-0.10
-1.65%
Open 6.06
Previous Close 6.07
High 6.06
Low 5.93
Stock Statistics
Volume 102,481
Turnover 614,180.96
All data are 15 minutes late during market session

News

Photo Archive
4 January 05:18 PM Amana Cooperative appoints new Chairman, Vice Chairman
Riyadh - Mubasher: Amana Cooperative Insurance Company announced Abdullah Othman Al Musa as the board’s Chairman for the next four years. Meanwhile, Naif Faisal Al Sudairi was appointed as the Vice Chairman, according to a bourse filing. The two …
Board of Directors
Photo Archive
24 March 2024 11:56 AM Amana Cooperative Insurance shifts to profitability in 2023
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 …
Banking and Finance
Photo Archive
7 November 2023 05:08 PM Amana turns to nearly SAR 31.5m net profits in 9M-23; accumulated losses unveiled
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 …
Banking and Finance
Photo Archive
4 October 2022 03:24 PM Amana appoints new Chairman, Vice Chairman
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 …
Board of Directors
Photo Archive
4 September 2022 09:31 AM Amana Cooperative, ACIG discuss potential merger
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 …
Companies Investments
Photo Archive
25 August 2022 08:41 PM Amana’s accumulated losses retreat to 45% of capital
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 …
Financial Results
21 June 2022 06:41 PM Amana Cooperative Insurance’s rights issue 72% covered
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 …
Companies Investments
Photo Archive
30 May 2022 11:22 AM Amana’s EGM nods to 231% capital hike
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 …
General Assembly
Photo Archive
23 May 2022 05:35 PM CMA approves capital raise of Amana, Arabia Insurance
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 …
Management Decisions
Photo Archive
28 April 2022 05:15 PM SAMA approves Amana’s capital hike
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 …
Corporate Actions
Photo Archive
18 January 2022 00:03 PM Amana’s board approves SAR 300m capital raise
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 …
Management Decisions
Photo Archive
10 January 2022 10:12 AM Amana's EGM approves merger with Saudi Enaya; Enaya rejects offer
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 …
Companies Investments
The agreement is still subject to approvals of several authorities
15 July 2021 03:33 PM Amana receives GAC’s approval for merger with Saudi Enaya
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 …
Mergers and Acquisitions
The new capital will become SAR 130 million
24 May 2021 00:21 PM Amana’s shareholders nod to 46% capital cut; fluctuation limit announced
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 …
Management Decisions
The shareholders of Enaya will own 55% of Amana’s capital
2 May 2021 00:45 PM Amana, Saudi Enaya finalise merger agreement
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 …
Companies Investments
The capital cut will amortise accumulated losses worth SAR 110 million as of 30 September 2020.
26 January 2021 09:18 AM Amana Cooperative receives go-ahead for SAR 110m capital cut
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 …
Corporate Actions
The capital cut is subject to the approvals of official bodies and the company’s extraordinary assembly.
8 December 2020 09:07 AM Amana Cooperative’s board proposes 45.8% capital cut
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 …
Board of Directors
The parties agreed to implement the merger by way of share swap.
16 November 2020 10:16 AM Saudi Enaya, Amana ink MoU to evaluate potential merger
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 …
Companies Investments
Photo Archive
8 November 2020 00:52 PM Amana Cooperative swings to quarterly loss
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 …
Financial Results
Photo Archive
5 October 2020 09:29 AM Saudi Enaya, Amana Cooperative in early talks for potential merger
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 …
Mergers and Acquisitions
Amana Cooperative achieved profits of SAR 7.2 million in H1-20
23 August 2020 10:10 AM Amana Cooperative turns profitable in Q2-20
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 …
Financial Results
The deal came into effect on 10 July 2020
28 July 2020 11:49 AM Amana Cooperative to offer medical insurance for Sidr Group
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 …
Companies Investments
The decline in losses was due to annual increase in GWPs and revenues
23 July 2020 09:18 AM Amana Cooperative trims accumulated losses to 35% of capital
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 …
Financial Results
The Q1-20 profits came at SAR 2.4 million
18 June 2020 09:07 AM Amana Cooperative turns to profitability in Q1-20
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 …
Financial Results
The policy is renewed for one year, starting from 15 January 2020
14 January 2020 04:42 PM Amana Cooperative renews SAR 22.7m health insurance deal
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 …
Companies Investments