Malath Cooperative Insurance Co (MALATH INSURANCE) News - Mubasher Info
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30 July 09:00 PM

Malath Cooperative Insurance Co (8020)

Last update: 03:10 PM market time.
12.92
-0.67
-4.93%
Open 12.52
Previous Close 13.59
High 12.92
Low 12.51
Stock Statistics
Volume 108,852
Turnover 1,380,464.59
All data are 15 minutes late during market session

News

Photo Archive
22 August 2024 11:00 AM Liva Group to expand in Saudi market via merger with Malath Insurance
Riyadh – Mubasher: Liva Group announced a potential merger between Liva Insurance Company (Liva KSA) and Malath Cooperative Insurance Company (Malath Insurance) The GCC's leading multi-line insurer highlighted that the transaction aligns with its …
Global Economy
Photo Archive
8 August 2024 11:39 AM Malath Insurance’s H1-24 insurance revenues down 11%; accumulated losses unveiled
Riyadh – Mubasher: Malath Cooperative Insurance Company (Malath Insurance) posted net profits after Zakat attributable to the owners valued at SAR 11.59 million in the first half (H1) of 2024. The recorded net profit shrank by 77.84% year-on-year …
Financial Results
Photo Archive
15 May 2024 04:43 PM Malath Insurance’s net profit drops 74% YoY in Q1-24
Riyadh – Mubasher: The net profit after zakat, attributable to shareholders of Malath Cooperative Insurance Company (Malath Insurance) plummeted by 74.07% year-on-year (YoY) in net profit to SAR 11.44 million in the first quarter (Q1) of 2024 from …
Banking and Finance
Photo Archive
21 March 2024 01:27 PM Malath Insurance swings to profitability in 2023
Riyadh – Mubasher: Malath Cooperative Insurance Company (Malath Insurance) turned to profitability in 2023, recording a net profit after Zakat attributable to shareholders of SAR 38.18 million, compared to a net loss of SAR 41.37 million. …
Financial Results
Photo Archive
7 February 2024 00:19 PM Malath Insurance announces 2 key appointments
Riyadh – Mubasher: Malath Cooperative Insurance Company (Malath Insurance) has announced Bader Ali Alali as the Chairman of the board. In addition, the insurance firm named Mohammed Ali Alammari as the Vice Chairman, according to a bourse …
Board of Directors
Photo Archive
8 November 2023 03:43 PM Malath Insurance swings to net profit in 9M-23; accumulated losses unveiled
Riyadh – Mubasher: The net profit before Zakat of Malath Cooperative Insurance Company (Malath Insurance) amounted to SAR 36.14 million in the first nine months (9M) of 2023, turning from a net loss of SAR 43.13 million in 9M-22. The earnings per …
Banking and Finance
Photo Archive
16 August 2023 07:21 PM Malath Insurance records nearly SAR 57m profits in H1-23; accumulated losses decline
Riyadh – Mubasher: Malath Cooperative Insurance Company (Malath Insurance) achieved positive results in the first half (H1) of 2023 by turning profitable at SAR 56.82 million against net losses before Zakat of SAR 48.88 million in H1-22. The …
Financial Results
Photo Archive
21 June 2023 09:12 AM Malath Cooperative turns profitable in Q1-23; accumulated losses unveiled
Riyadh – Mubasher: Malath Cooperative Insurance Company shifted to net profits before Zakat amounting to SAR 46.38 million in the first quarter (Q1) of 2023. The positive results were compared with net losses valued at SAR 33.24 million in Q1-22, …
Financial Results
Photo Archive
26 March 2023 04:03 PM Malath Cooperative unveils SAR 18m losses in 2022, higher accumulated losses
Riyadh – Mubasher: Malath Cooperative Insurance Company reported net losses before Zakat worth SAR 18.02 million in 2022, lower by 75.25% year-on-year (YoY) than SAR 72.85 million. The loss per share stood at SAR 0.57 last year, versus SAR 1.71 in …
Financial Results
Photo Archive
5 January 2023 04:53 PM Malath Cooperative awarded insurance deal from Al Othaim Holding
Riyadh – Mubasher: Malath Cooperative Insurance Company won a contract from Al Othaim Holding Company on 3 January 2023, according to a bourse filing. Under the one-year agreement, Malath Cooperative will offer health insurance services for the …
Companies Investments
Photo Archive
23 November 2022 01:57 PM Malath Cooperative appoints new Chairman, Vice Chairman, CEO
Riyadh – Mubasher: Malath Cooperative Insurance Company has named Mohammed Ali Alammari as the board’s new Chairman for the coming three years, according to a bourse disclosure. The Saudi insurer also appointed Bader Ali Alali as the Vice …
Board of Directors
Photo Archive
21 August 2022 03:59 PM Malath Cooperative’s losses hike 216% in H1-22; accumulated losses announced
Riyadh – Mubasher: Malath Cooperative Insurance Company has registered net losses before Zakat of SAR 24.93 million in the first half (H1) of 2022, an annual leap of 215.84% from SAR 7.89 million. The loss per share enlarged to SAR 0.63 in H1-22 …
Financial Results
Photo Archive
22 May 2022 01:08 PM Malath Cooperative turns to losses in Q1-22
Riyadh – Mubasher: Malath Cooperative Insurance Company has logged net losses before Zakat of SAR 21 million in the first quarter (Q1) of 2022, against net profits of SAR 704,000 in Q1-21. The company's net written premiums (NWP) decreased by …
Financial Results
Photo Archive
13 March 2022 10:49 AM Malath Cooperative turns to losses in 2021
Riyadh – Mubasher: Malath Cooperative Insurance Company has incurred net losses before Zakat of SAR 72.85 million in 2021, against net profits of SAR 22.67 million in 2020. The company's net written premiums rose by 24.82% to SAR 877.38 million in …
Financial Results
The losses per share stood at SAR 0.29 in H1-21
12 August 2021 01:51 PM Malath Cooperative turns to losses in H1-21
Riyadh – Mubasher: Malath Cooperative Insurance Company has logged net losses before Zakat of SAR 7.895 million in the first half (H1) of 2021, against net profits of SAR 8.717 million in the same period of 2020. The company recorded losses in the …
Financial Results
The company's net written premiums decreased by 5.97%
15 March 2021 01:07 PM Malath Cooperative records 23% higher net profits in 2020
Riyadh – Mubasher: Malath Cooperative Insurance Company reported a 23.46% year-on-year (YoY) increase in its net profits before Zakat to SAR 22.67 million in 2020, compared to SAR 18.365 million in 2019. Higher net profits are driven by an …
Financial Results
This rating reflects the company's good market position in Saudi Arabia
12 January 2021 00:40 PM Malath Cooperative maintains Moody’s rating at baa2; outlook stable
Riyadh – Mubasher: Malath Cooperative Insurance Company has continued to maintain its Insurance Financial Strength (IFSR) at the 'baa2' rating from Moody’s International Credit Agency, with a stable outlook. This rating reflects the company's good …
Ratings
Photo Archive
29 October 2020 10:17 AM Malath Cooperative renews auto insurance contract with Bank Albilad
Riyadh – Mubasher: Malath Cooperative Insurance Company has renewed on 28 October an auto insurance contract with Bank Albilad for one year effective from 1 November 2020. The estimated value of the contract's annual instalments is 5% of Malath’s …
Companies Investments
The insurer moved to SAR 8.72 million profits in H1-20
23 August 2020 09:56 AM Malath Cooperative swings to profits in Q2
Riyadh – Mubasher: Malath Cooperative Insurance Company turned to profitability in the second quarter (Q2) of 2020, generating SAR 4.72 million in net profits, versus SAR 11.16 million in net losses over the year-ago period.    The move to profits …
Financial Results
The deal could have a positive impact on Saudi Re’s sales and financials
9 August 2020 01:43 PM Saudi Re signs exclusive reinsurer deal with Malath
Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Company has signed an exclusive agreement with Malath Cooperative Insurance Company to provide reinsurance coverage on the Inherent Defects Coinsurance Programme managed by Malath on behalf …
Companies Investments
Earnings fell to SAR 3.9 million in Q1
11 June 2020 00:17 PM Malath Cooperative Insurance Q1 profits down 39%
Riyadh – Mubasher: The interim financial statements of Malath Cooperative Insurance Company showed a 39.2% annual plunge in profits during the first quarter (Q1) of 2020. The net profit before Zakat amounted to SAR 3.99 million over Q1-20, …
Financial Results
Photo Archive
18 December 2019 04:23 PM Moody’s assigns Baa2 rating to Malath Cooperative Insurance
Riyadh – Mubasher: Moody's Investors Service (Moody's) has assigned a Baa2 insurance financial strength rating (IFSR) to Malath Cooperative Insurance Company, with a stable outlook. The rating reflects the insurance firms’ good market position and …
Company News
Malath Insurance
18 November 2019 00:45 PM Malath hires SRB as Sharia compliance advisor
Riyadh – Mubasher: Malath Insurance announced Monday the assignment of Shariyah Review Bureau (SRB) to help maintain and supervise Sharia compliance of its products, operations, and investments. “Malath continues to grow at a significant pace and …
Companies Investments
Net profits retreated to SAR 6.309 million
10 November 2019 11:43 AM Malath Cooperative Insurance’s Q3 profit falls 37%
Riyadh – Mubasher: Malath Cooperative Insurance Company reported a 37% year-on-year decline in its net profit during the third quarter of 2019. Net profits retreated to SAR 6.309 million in the July-September period of 2019, compared to SAR 10.02 …
Financial Results
The deal's impact cannot be determined accurately
30 October 2019 07:32 PM Malath Cooperative signs insurance agreement with Riyad Bank
Riyadh – Mubasher: Malath Cooperative Insurance Company signed a vehicle insurance agreement with Riyad Bank at a value equivalent to 5% of the firm’s total annual sales. By means of the contract, the company will cover the insurance of the bank’s …
Banking and Finance