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14 August 07:00 AM

Sector News

Saudi Riyal
13 August 11:04 AM ACIG unveils accumulated losses reduction to over 47% of capital
Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) announced a reduction in its accumulated losses to 47.33% of its capital as of 30 June 2026. The company’s accumulated losses currently stand at SAR 137.73 million against a total …
Financial Results
Photo Archive
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 …
Company News
Photo Archive
12 August 01:49 PM GGCI granted regulatory approval for health insurance renewal
Riyadh – Mubasher: Gulf General Cooperative Insurance Company (GGCI) received formal approval from the Insurance Authority on 6 August 2026 to renew its annual qualification for health insurance activities. The regulatory green light allows the …
Banking and Finance
Photo Archive
11 August 11:50 AM Amana Cooperative Insurance mulls 30% capital reduction to offset losses
Riyadh - Mubasher: The board of Amana Cooperative Insurance Company recommended a 30% reduction in the company’s capital to restructure its finances and extinguish accumulated losses. Under the proposal, the capital will decrease from SAR 430 …
Company News
Moody’s
11 August 09:40 AM Moody’s downgrades Al Etihad Cooperative Insurance’s rating to ‘Ba1’
Riyadh – Mubasher: Moody’s Investors Service has downgraded Al Etihad Cooperative Insurance Company’s Insurance Financial Strength Rating (IFSR) from ‘Baa2’ to ‘Ba1’. The rating agency has also placed the company’s credit profile under review for …
Company News
Photo Archive
10 August 02:12 PM Tawuniya discloses related-party transactions worth nearly SAR 512m for 2025
Riyadh — Mubasher: The Company for Cooperative Insurance (Tawuniya) issued a supplemental disclosure regarding its upcoming extraordinary general meeting (EGM), providing shareholders with a limited assurance report on related party transactions. …
Company News
Photo Archive
10 August 11:43 AM Wataniya Insurance records 57% leap in Q2-26 revenues
Riyadh – Mubasher: The net profits attributable to the shareholders of Wataniya Insurance Company increased by 36.53% to SAR 9.12 million in the first half (H1) of 2026. The recorded gains were compared to SAR 6.68 million in H1-25, the financial …
Financial Results
Photo Archive
10 August 09:03 AM Rasan announces new audit committee
Riyadh – Mubasher: Rasan Information Technology Company announced the appointment of its audit committee members for a new board term that commenced on 4 August 2026. The decision, finalized during a board of directors meeting held on 5 August, …
Board of Directors
Photo Archive
9 August 02:06 PM Rasan appoints new Chairman, Acting CEO
Riyadh – Mubasher: Rasan Information Technology Company announced on 6 August a comprehensive restructuring of its board and executive leadership following a board meeting held on 5 August. The company appointed Moayad Al Fallaj as Chairman of the …
Company News
Photo Archive
6 August 02:24 PM Arabian Insurance swings to losses in H1-26 on lower service
Riyadh - Mubasher: Arabia Insurance Cooperative Company reported net losses after Zakat and tax of SAR 26.74 million for the first six months (6M) of 2026, reversing a net profit of SAR 9.57 million in the first half (H1) of 2025. The company …
Company News
Photo Archive
6 August 01:38 PM GGCI’s accumulated losses hit 96% of capital in H1-26
Riyadh – Mubasher: Gulf General Cooperative Insurance Company (GGCI) suffered 46.80% year-on-year (YoY) lower net losses after Zakat valued at SAR 15.47 million for the second quarter (Q2) of 2026, compared to the SAR 29.08 million. The narrower …
Financial Results
Photo Archive
6 August 10:04 AM United Cooperative Assurance’s profits skyrocket 911% in Q2-26; accumulated losses reported
Riyadh – Mubasher: United Cooperative Assurance Company logged a net profit after Zakat of SAR 13.52 million for the second quarter (Q2) of 2026, higher by 910.85% year-on-year (YoY) than SAR 1.34 million. The company attributed the quarterly …
Company News
Photo Archive
6 August 10:01 AM Salama Cooperative reports 48% lower net losses in H1-26
Riyadh - Mubasher: The net losses of Salama Cooperative Insurance Company widened by 358.58% year-on-year (YoY) to SAR 17.02 million for the second quarter (Q2) of 2026 from SAR 3.71 million. The widening loss was primarily driven by insurance …
Banking and Finance
Photo Archive
6 August 08:26 AM Aljazira Takaful’s profits plunge 99.5% in H1-26; revenues hike 20% in Q2
Riyadh – Mubasher: Aljazira Takaful Taawuni Company witnessed a sharp decline in financial performance for the first half (H1) of 2026, with net profit after Zakat and tax falling by 99.50% to SAR 100,000, compared to SAR 20.19 million in H1-25. …
Company News
Photo Archive
6 August 08:16 AM Amana Cooperative’s net losses deepen to SAR 23m in H1-26
Riyadh - Mubasher: The net losses after Zakat of Amana Cooperative Insurance Company hiked to SAR 23.23 million in the first half (H1) of 2026 from SAR 249,000 a year earlier. The company’s accumulated losses reached SAR 211.05 million as of 30 …
Banking and Finance
Photo Archive
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 …
Banking and Finance
Photo Archive
5 August 06:15 PM ACIG’s net profits hike 911% in Q2-26
Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) turned to net losses valued at SAR 4.15 million in the first half (H1) of 2026, compared to net profits worth SAR 15.11 million in H1-25. Insurance revenues hiked by 59.90% year-on-year …
Financial Results
Photo Archive
5 August 03:06 PM Gulf Union Al Ahlia swings to profits in H1-26; accumulated losses unveiled
Riyadh – Mubasher: Gulf Union Al Ahlia Cooperative Insurance Company recorded a net profit after Zakat of SAR 1.68 million for the first half (H1) of 2026, a recovery from a net loss of SAR 67.83 million during the same period in 2025. The company …
Company News
Photo Archive
5 August 02:09 PM ACIG names Abudaf as independent member
Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) has appointed Rakan Nasr Abudaf as an independent member of its board of directors. The appointment, which fills a current vacancy, was approved during a board meeting held on 1 July …
Corporate Actions
Photo Archive
5 August 02:05 PM CHUBB Arabia posts higher insurance revenues at SAR 199.5m in H1-26
Riyadh - Mubasher: CHUBB Arabia Cooperative Insurance Company recorded 9.98% year-on-year (YoY) lower net profits after tax and Zakat at SAR 911,000 in the second quarter (Q2) of 2026, compared to  SAR 1.01 million. The decline in profitability …
Banking and Finance
Photo Archive
5 August 08:02 AM Rasan elects new board for 3-year term
Riyadh – Mubasher: The shareholders of Rasan Information Technology Company approved the election of a new board of directors for a three-year term during an ordinary general meeting held on 3 August 2026. The meeting, which recorded a 59% …
Board of Directors
Photo Archive
4 August 08:31 PM Malath Cooperative Insurance’s profits fall in H1-26
Riyadh — Mubasher: The net profits of Malath Cooperative Insurance Company dropped by 70.17% to SAR 1.99 million in the second quarter (Q2) of 2026 from SAR 6.68 million in Q2-25. The company attributed the decline primarily to a 29.78% drop in …
Banking and Finance
Photo Archive
4 August 07:39 PM Mutakamela Insurance shifts SAR 22m losses in H1-26
Riyadh – Mubasher: Mutakamela Insurance Company swung to net losses attributable to the shareholders amounting to SAR 22.02 million in the first half (H1) of 2026, according to the financial results. The negative results were recorded against net …
Banking and Finance
Photo Archive
4 August 07:19 PM Al Etihad Cooperative Insurance’s net losses deepen in H1-26
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company suffered a net loss after Zakat of SAR 92.19 million for the first half (H1) of 2026, higher by 21.93% than SAR 75.61 million in H1-25. The company attributed the widening half-year loss …
Financial Results
Photo Archive
4 August 06:53 PM MedGulf turns profitable in Q2-26; insurance revenues leap 28%
Riyadh - Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) generated net profits after Zakat amounting to SAR 44.17 million for the second quarter (Q2) of 2026. The company shifted from net losses valued at SAR 1.47 …
Company News