Saudi Enaya Cooperative Insurance Co (8311)

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News

12 August 04:10 PM Saudi Enaya opens board nominations for 6th term

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company commenced the nomination process for its board of directors for the sixth term. The company is seeking candidates for eight seats on the board for a session scheduled to run for four …

Board of Directors

5 August 06:57 PM Saudi Enaya’s insurance revenues fall 30.5% in H1-26

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company swung to net losses after Zakat valued at SAR 25.05 million for the second quarter (Q2) of 2026, compared to net profit of SAR 169,000 in the same period last year. The company …

Company News

15 July 08:53 PM Saudi Enaya renews qualification with Insurance Authority

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company has received formal approval from the Insurance Authority to renew its qualification on 15 July 2026. The renewed qualification is valid for a duration of one year. According to the …

Company News

8 July 04:09 PM Saudi Enaya amends capital restructuring figures

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company issued a corrective statement regarding its board of directors' recommendation to restructure the company’s capital. The insurer clarified that the proposed capital reduction will …

Corporate Actions

7 July 08:35 AM Saudi Enaya’s board proposes capital restructuring

Riyadh – Mubasher: The board of Saudi Enaya Cooperative Insurance Company recommended on 6 July 2026 a significant capital restructuring involving a capital cut followed by a rights issue. The board proposed reduction will lower the company’s …

Management Decisions

30 June 05:08 PM Saudi Enaya granted 6-month extension for minimum capital requirement

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company has officially announced that it received regulatory approval from the Insurance Authority to extend the deadline for its commitment to minimum capital requirements. The extension grants …

Corporate Actions

30 June 09:25 AM Saudi Enaya nods for 2025 financial report, appoints external auditors

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company announced the results of its Ordinary General Meeting (OGM), held on 28 June. During the session, which was conducted via modern technology through the Tadawulaty system, shareholders …

General Assembly

11 September 2024 11:57 AM Saudi Enaya obtains regulatory nod for capital raise

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Saudi Enaya Cooperative Insurance Company to raise its capital by SAR 150 million. The insurance firm aims to increase its capital to SAR 380 million from SAR 230 …

Corporate Actions

14 July 2024 04:00 PM Saudi Enaya enters into insurance agreement with Fakeeh Care

Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company has been awarded and signed an insurance contract with Dr. Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care Group) on 12 July 2024. Saudi Enaya received a confirmation to provide …

Corporate Actions

18 April 2024 11:54 AM Saudi Enaya submits capital hike request to CMA

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 …

Corporate Actions

18 March 2024 04:00 PM Saudi Enaya shifts to profitability in 2023

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 …

Banking and Finance

27 December 2023 03:35 PM Saudi Enaya, United Cooperative’s shareholders give different votes for merger

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, …

Corporate Actions

21 November 2023 03:04 PM CMA approves United Cooperative’s capital raise for merger with 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. …

Corporate Actions

5 November 2023 05:16 PM Saudi Enaya swings to profits in 9M-23, unveils over SAR 42.5m accumulated losses

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 …

Financial Results

24 November 2022 03:25 PM Saudi Enaya raises over SAR 80m in rights issue

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, …

Management Decisions

19 October 2022 05:27 PM Saudi Enaya’s shareholders nod to over 33% capital cut

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, …

General Assembly

21 September 2022 06:06 PM CMA approves Saudi Enaya’s capital reduction

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, …

Corporate Actions

14 July 2022 05:50 PM Saudi Enaya extends insurance deal with DSFH

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 …

Companies Investments

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

2 November 2021 04:03 PM Saudi Enaya’s losses deepen in Q3, nine months

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 …

Financial Results

17 August 2021 03:33 PM Saudi Enaya’s H1-21 losses widen 147%; accumulated losses total SAR 60.5m

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 …

Financial Results

25 July 2021 01:58 PM Saudi Enaya renews SAR 24m contract with DSFH

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 …

Companies Investments

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

5 July 2021 10:28 AM Saudi Enaya receives CCHI’s nod to renew licence

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 …

Corporate Actions

17 May 2021 10:05 AM Saudi Enaya’s Q1 losses deepen 106%

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 …

Financial Results