Alinma Tokio Marine Co (8312)

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Arabian Shield Cooperative Insurance Company to increase its capital to SAR 798.15 million from SAR 638.52 million. The firm will issue 15.96 million ordinary shares to …

Riyadh – Mubasher: The accumulated losses of AlinmaTokio Marine Company decreased to SAR 81.33 million as of 31 March 2023. The registered losses account for 27.11% of the SAR 300 million capital, according to a bourse disclosure. In the first …

Riyadh – Mubasher: AlinmaTokio Marine Company signed a group credit insurance contract with Alinma Bank at a value of SAR 27.87 million, which might exceed 5% of the total annual revenues in 2022. The firm will secure insurance coverage for the …

Riyadh – Mubasher: Alinma Tokio Marine Company has renewed an insurance agreement with Abdul Latif Jameel Group for one year starting from 1 April 2022. The deal, which covers a number of general insurance products, is valued at SAR 30.52 million …

Riyadh – Mubasher: Alinma Tokio Marine Company has incurred net losses before Zakat worth SAR 11.18 million last year, a jump of 672.58% from SAR 1.44 million in 2020. The loss per share increased from SAR 0.19 in 2020 to SAR 0.48 in 2021, …

Riyadh – Mubasher: Alinma Tokio Marine Company suffered net losses before Zakat worth SAR 7.1 million during the first nine months of 2021, against net profits standing at SAR 3.66 million in the same period a year ago. The loss per share amounted …

Riyadh – Mubasher: Alinma Tokio Marine Company has signed a group credit insurance policy agreement with Alinma Bank to provide insurance coverage for the borrowers’ portfolio of the bank. The contract value is expected to surpass 5% of gross …

Riyadh – Mubasher: Alinma Tokio Marine Company has recorded net losses before zakat of SAR 3.271 million during the first half (H1) of 2021, against net profits of SAR 2.169 million in the same period of 2020. The company's net written premiums …

Riyadh – Mubasher: Alinma Tokio Marine Company has appointed Abdulmohsen bin Abdulaziz Al Fares as the Chairman of the board for a three-year term, according to a bourse filing on Wednesday. The company also appointed Hironari Iwakuma as the Vice …

Riyadh – Mubasher: Alinma Tokio Marine Company has renewed its contract with Alinma Bank at a total value of SAR 4.39 million, according to a bourse filing on Thursday. The one-year agreement is a banker’s blanket bond providing insurance coverage …

Riyadh – Mubasher: Alinma Tokio Marine Company reported a 93% decline in net losses before Zakat to SAR 784,000 during the first quarter (Q1) of 2021 from SAR 11.28 million in the same period last year. The company recorded a loss per share of SAR …

Riyadh – Mubasher: Alinma Tokio Marine Company renewed an insurance agreement with Abdul Latif Jameel Group for one year starting 1 April 2021, according to a disclosure to Tadawul. The deal value is estimated at SAR 34.04 million, with total …

Riyadh – Mubasher: The net losses before Zakat of Alinma Tokio Marine Company plunged by 95.75% to SAR 1.448 million in 2020, compared to SAR 34.03 million in 2019. The decline in net losses is attributed to lower incurred net claims by …

Riyadh – Mubasher: Alinma Tokio Marine Company has received a claim notice of the Offshore Oil Engineering Company in an accident where a package of underwater cables owned by Saudi Aramco was damaged on 25 June 2019 when a pipeline near it was …

Riyadh – Mubasher: Alinma Tokio Marine Company swung back to net profits of SAR 1.250 million during the third quarter (Q3) of 2020, against net losses of SAR 7.3 million in the corresponding quarter a year ago. The move to profits was backed by a …

Riyadh – Mubasher: Alinma Tokio Marine Company returned to profitability in the second quarter (Q2) of 2020, with SAR 12.44 million in net profits, versus SAR 10.1 million in net losses during the corresponding quarter in 2019. The move to profits …

Riyadh – Mubasher: Alinma Tokio Marine Company on Tuesday, 28 July, has sealed an agreement with Mohamed Yousuf Naghi Motors Co. to provide general insurance products for SAR 18.3 million. The insurer will provide property and marine insurance and …

Riyadh – Mubasher: Alinma Tokio Marine Company on Sunday renewed an insurance agreement with Alinma Bank to provide some general insurance products effective for one year and subject to the agreed terms and conditions. The contract’s value exceeds …

Riyadh – Mubasher: Alinma Tokio Marine Company on Monday announced a 58% year-on-year (YoY) increase in net losses before zakat during the first quarter (Q1) of 2020. Losses widened to SAR 11.28 million over the January-March period, compared to …

Riyadh – Mubasher: Alinma Tokio Marine Company disclosed a 54.01% year-on-year increase ion losses during the third quarter of 2019, suffering SAR 7.27 million. The company’s gross written premiums (GWP) declined by 16.83% to SAR 54.6 million in …

Riyadh – Mubasher: Saudi Arabia-based Alinma Tokio Marine Co on Sunday announced renewing a SAR 51 million insurance agreement with Aljomaih Group for a year. Under the deal, Alinma Tokio Marine will provide various insurance solutions and …

Riyadh – Mubasher: Alinma Tokio Marine Co stated it committed to what the Saudi Arabian Monetary Agency's (SAMA) said in its speech regarding irregularities related to poor internal controls in the company. A written confirmation was submitted to …

Riyadh – Mubasher: Al Inma Tokio Marine Co on Thursday signed a contract with consulting firm PricewaterhouseCoopers (PWC) as a financial advisor to study the reasons behind the former’s weak internal control, according to a statement to the Saudi …

Riyadh – Mubasher: Al Inma Tokio Marine Company received a letter from the Saudi Arabian Monetary Authority (SAMA) obliging it to appoint a consultant. The consultant will be responsible for studying the reasons behind the weak performance of …

Riyadh – Mubasher: Al Inma Tokio Marine Company’s accumulated losses retreated to 2.966% after capital cut to reach SAR 8.87 million, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Tuesday. The Saudi-listed company …