Saudi Enaya Cooperative Insurance Co (8311)

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company submitted an application file to the Capital Market Authority (CMA) on 17 April 2024 to increase its capital to SAR 380 million. The insurance firm plans to raise its capital by offering …

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company turned to profitability during the full year 2023, recording a net profit after Zakat attributable to shareholders of SAR 20.22 million, compared to a net loss of SAR 6.35 million a year …

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Enaya Cooperative Insurance Company rejected the merger offer submitted by United Cooperative Assurance Company, while the latter’s shareholders approved merging into Saudi Enaya, …

Riyadh – Mubasher: The Capital Market Authority (CMA) recently approved United Cooperative Assurance Company’s (UCA) request to increase its capital by SAR 192.60 million to conclude the merger with Saudi Enaya Cooperative Insurance Company. …

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company achieved a net profit before Zakat of SAR 20.76 million in the first nine months (9M) of 2023, compared with a net loss of SAR 13.57 million in 9M-22. Earnings per share (EPS) reached …

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company recorded a 61.66% coverage of its rights issue and new shares subscription at a value of SAR 80.15 million. A total of 8.01 million shares out of 13 million shares were subscribed, …

Riyadh – Mubasher: The shareholders of Saudi Enaya Cooperative Insurance Company have agreed to decrease its capital by 33.33% to SAR 100 million from SAR 150 million. The capital reduction will be carried out by cancelling 5 million shares, …

Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted Saudi Enaya Cooperative Insurance Company’s request to decrease the capital to SAR 100 million from SAR 150 million. The reduced capital will be distributed over 10 million shares, …

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company has renewed its health insurance contract with Dr. Soliman Fakeeh Hospital (DSFH) at an amount of SAR 28.82 million. Upon the deal that was awarded and signed on 6 July 2022, Saudi Enaya …

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: Saudi Enaya Cooperative Insurance Company posted net losses before Zakat worth SAR 12.82 million in the third quarter (Q3) of 2021, higher by 27% than SAR 10.1 million in Q3-20. During the first nine months of 2021, the …

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company reported net losses before Zakat worth SAR 29.69 million in the first half (H1) of 2021, an increase of 147% from SAR 12.02 million in H1-20. The loss per share deepened to SAR 2.08 in …

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company has renewed its health insurance provider contract with Dr. Soliman Fakeeh Hospital (DSFH) for SAR 24.19 million, according to a bourse disclosure on Sunday. The contract is effective …

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: Saudi Enaya Cooperative Insurance Company has obtained the Council of Cooperative Health Insurance’s (CCHI) approval to renew its cooperative health insurance licence for one year, according to a bourse disclosure on Monday. The …

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company incurred a net loss before Zakat worth SAR 21.13 million during the first quarter (Q1) of 2021, marking an annual increase of 106% from SAR 10.25 million. The company posted a loss per …

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: The insurance sector in Saudi Arabia registered a drop of 69.1% year-on-year (YoY) in net income at SAR 94.5 million during the fourth quarter of 2020 (Q4-20). Net income before Zakat totalled SAR 266.2 million in Q4-20, …

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company has appointed Amr Muhammad Khaled Khashoggi as the new Chairman of the board, according to a bourse disclosure to Tadawul. The company also named Faisal Farouk Tamer as the Vice …

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: The net losses before Zakat of Saudi Enaya Cooperative Insurance Company came in at SAR 10.1 million in the third quarter (Q3) of 2020, down by 69.3% when compared to SAR 32.9 million in the prior-year period. The lower …

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: GlobeMed Saudi on Monday announced its collaboration with Saudi Enaya Cooperative Insurance Company in a three-year third-party administration (TPA) agreement that is expected to drive the Saudi insurance sector. The deal, which …

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company’s net losses before Zakat amounted to SAR 1.77 million in the second quarter (Q2) of 2020, a decline of 93.6% when compared to SAR 27.7 million in the same period in 2019. Net written …

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company has renewed a SAR 22.32 million medical insurance contract with Fakeeh Care Group for one year effective as of 13 July. The contract value represents more than 5% of the insurer’s …