Al Sagr Cooperative Insurance Co (ALSAGR INSURANCE) News - Mubasher Info
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01 September 04:12 AM

Al Sagr Cooperative Insurance Co (8180)

Last update: 31 August 03:12 PM market time.
13.25
-0.28
-2.07%
Open 13.50
Previous Close 13.53
High 13.58
Low 12.94
Stock Statistics
Volume 364,426
Turnover 4,811,361.65
All data are 15 minutes late during market session

News

Photo Archive
25 April 2024 10:15 AM CMA approves Al Sagr Cooperative’s capital raise
Riyadh – Mubasher: The Capital Market Authority (CMA)greenlighted the request of Al Sagr Cooperative Insurance Company to increase its capital by way of a rights issue. The listed firm plans to raise its capital by SAR 160 million to SAR 300 …
Management Decisions
Photo Archive
26 December 2023 00:07 PM Al Sagr Cooperative names new Chairman, Vice Chairman
Riyadh – Mubasher: Al Sagr Cooperative Insurance Company appointed Saud Saleh Al Arifi as the new Chairman of the board for the next three years. The insurance firm also named Naif Rashed Alarfaj as the Vice Chairman, according to a bourse …
Management Decisions
Photo Archive
14 November 2023 05:05 PM Al Sagr Cooperative swings to net profit in 9M-23
Riyadh – Mubasher: Al Sagr Cooperative Insurance Company turned to net profits before Zakat worth SAR 39.18 million in the first nine months (9M) of 2023, compared to net losses of SAR 55.26 million in 9M-22. Earnings per share (EPS) reached SAR …
Banking and Finance
Photo Archive
14 September 2023 00:04 PM Amiantit, Al Sagr Cooperative mull capital hike via rights issue
Riyadh – Mubasher: Saudi Arabian Amiantit Company and Al Sagr Cooperative Insurance Company plan to increase their capital by offering rights issues, according to bourse disclosures. Amiantit aims to raise its capital by SAR 346.50 million in line …
Companies Investments
Photo Archive
25 December 2022 00:46 PM Al Sagr Cooperative’s accumulated losses down to 12.12% of capital
Riyadh – Mubasher: The accumulated losses of Al Sagr Cooperative Insurance Company retreated to 12.12% from 69.24% of the capital as of 31 October 2022. The accumulated losses amount plunged to SAR 16.96 million from SAR 276.96 million, according …
Financial Results
Photo Archive
16 October 2022 08:01 PM Al Sagr Cooperative’s shareholders approve 65% capital decrease
Riyadh – Mubasher: The shareholders of Al Sagr Cooperative Insurance Company agreed to reduce its capital by 65% to SAR 140 million from SAR 400 million through the cancellation of 26 million shares. The new capital will be distributed over 14 …
General Assembly
Photo Archive
6 October 2022 11:54 PM CMA nods to capital change requests by Al Sagr Cooperative, Tihama
Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted Al Sagr Cooperative Insurance Company’s request to decrease its capital to SAR 140 million from SAR 400 million, according to a bourse filing. The new capital will be distributed …
Corporate Actions
Photo Archive
25 September 2022 10:06 AM Al Sagr Cooperative submits capital cut request to CMA
Riyadh – Mubasher: Al Sagr Cooperative Insurance Company submitted a 65% capital cut request to the Saudi Capital Market Authority (CMA), according to a bourse filing on Sunday. On 6 September, the insurer’s board recommended reducing the …
Corporate Actions
Photo Archive
21 September 2022 04:51 PM Al Sagr Cooperative to provide health insurance services to Maharah
Riyadh – Mubasher: Al Sagr Cooperative Insurance Company received on 8 September 2022 an order from Maharah Human Resources Company to provide health insurance services for the company's employees and their families. The contract value exceeds 5% …
Companies Investments
Photo Archive
20 September 2022 11:35 AM Al Sagr Cooperative Insurance, Gulf Union mull merger
Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has penned a non-binding memorandum of understanding (MoU) with Gulf Union Al Ahlia Cooperative Insurance Company to evaluate a potential merger between the two companies. The two insurers …
General Assembly
Photo Archive
19 September 2022 02:34 PM Al Sagr Cooperative Insurance appoints new Chairman, Vice Chairman
Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has named Majid Abdullah Al Seri as the board’s new Chairman, according to a bourse disclosure. The Saudi listed firm also appointed Abdul Mohsen Nafez Jaber as the Vice Chairman, while …
Corporate Actions
Photo Archive
6 September 2022 01:55 AM Al Sagr Cooperative Insurance mulls 65% capital cut
Riyadh - Mubasher: The board of Al Sagr Cooperative Insurance Company has suggested to reduce the capital by 65% through the cancellation of 26 million shares, according to a recent bourse disclosure. The new capital will stand at SAR 140 million …
Board of Directors
Photo Arabic
4 September 2022 04:27 PM Al Sagr Cooperative Insurance’s accumulated losses surpass SAR 259m
Riyadh – Mubasher: The accumulated losses incurred by Al Sagr Cooperative Insurance Company have reached SAR 259.28 million as registered on 30 June 2022.  Al Sagr Cooperative Insurance noted that the accumulated losses amount represented 65 % of …
Corporate Actions
Photo Archive
21 September 2021 09:58 AM Tadawul suspends trading on Al Sagr Cooperative Insurance
Riyadh – Mubasher: The Saudi Exchange (Tadawul) has halted the trading on the shares of Al Sagr Cooperative Insurance Company, according to a bourse filing. Suspending trading on the stock will be starting from Tuesday, 21 September, and until the …
Trading Activities
Trading will be resumed for 20 trading sessions starting from Tuesday
23 August 2021 11:23 AM Tadawul halts trading on Al Sagr Cooperative Insurance, MESC
Riyadh – Mubasher: The Saudi Exchange (Tadawul) has suspended trading on the shares of Al Sagr Cooperative Insurance Co. and Middle East Specialized Cables Co. (MESC) for one trading session on Monday, 23 August, for not disclosing their financial …
Trading Activities
The insurer's quarterly losses stood at SAR 29.5 million.
8 November 2020 00:32 PM Al Sagr Insurance quarterly loss up 14%
Riyadh – Mubasher: The net losses before Zakat of Al Sagr Cooperative Insurance Company rose by 13.8% during the quarter ended in September 2020 to SAR 29.5 million from SAR 25.9 million in the prior-year period. This leap in the quarterly loss …
Financial Results
Photo Archive
28 October 2020 10:54 AM Al Sagr Insurance to use SAR 47.3m statutory reserve to offset losses
Riyadh – Mubasher: The ordinary general meeting (OGM) of Al Sagr Cooperative Insurance Company approved using the statutory reserve worth SAR 47.34 million to offset part of the accumulated losses. The firm’s accumulated losses reached SAR 107.6 …
General Assembly
The company's net written premium decreased by 2.6%
20 August 2020 11:16 AM Al Sagr Cooperative Insurance turns to profitability in Q2-20
Riyadh – Mubasher: The net profits before Zakat and tax of Al Sagr Cooperative Insurance Company reached SAR 12.27 million in the second quarter (Q2) of 2020, against net losses of SAR 6.39 million in the same quarter of 2019. The company's …
Financial Results
Net written premiums slipped by 2% YoY in Q1-20
17 June 2020 01:40 PM Al Sagr Insurance’s losses jump to SAR 58m in Q1-20
Riyadh – Mubasher: Al Sagr Cooperative Insurance Company posted a year-on-year (YoY) surge in the net losses before Zakat during the first quarter (Q1) of 2020 at SAR 58.4 million, compared with SAR 319,000.  The net written premiums (NWP) slid by …
Financial Results
The contract carries a maturity period of one year
15 December 2019 11:00 AM Al Sagr seals SAR 23.7m deal with Maharah Human Resources
Riyadh – Mubasher: Al Sagr Cooperative Insurance Company signed an agreement worth SAR 23.7 million with Maharah Human Resources Company to provide insurance services. The contract carries a maturity period of one year starting 12 December, …
Companies Investments
Annual premiums represent 5% of Al Sagr's total sales
5 December 2019 11:44 AM Al Sagr signs deal with Maharah Human Resources
Riyadh – Mubasher: Al Sagr Cooperative Insurance Company announced that it has reached an agreement with Maharah Human Resources Company to provide insurance services. Annual premiums represent 5% of the company’s total sales, according to a …
Companies Investments
Al Sagr Insurance suffered SAR 25.9 million losses in Q3-19
10 November 2019 04:47 PM Al Sagr Insurance moves to losses in Q3
Riyadh – Mubasher: Al Sagr Cooperative Insurance Company (Al Sagr Insurance) suffered SAR 25.9 million losses during the third quarter of 2019, versus profits of SAR 7.8 million in Q3-18. The company’s gross written premiums (GWP) jumped by 25.8% …
Financial Results
The deal could be automatically renewed
14 July 2019 11:21 AM Al Sagr Insurance inks deal with Elite Panorama
Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has signed an agreement with Elite Panorama Company for Cooperative Insurance Agency. The deal’s value is the percentage of the premiums collected by the agent from clients under all …
Companies Investments
The contract will be signed on 12 December
20 November 2018 09:44 AM Al Saqr Cooperative wins SAR 20m contract
Riyadh – Mubasher: Al Saqr Cooperative Insurance Company on Tuesday announced that it has won a SAR 20 million contract from Mahara Human Resources Company. The contract, that will be signed on 12 December, entails providing insurance services to …
Companies Investments
Net profits reached SAR 2.66 million during Q4-17
18 February 2018 00:35 PM Al Sagr Insurance’s profit drops 71% in Q4 on higher net claims
Riyadh – Mubasher: Saudi Arabia-based Al Sagr Cooperative Insurance on Sunday stated that its net profits retreated 71.3% in the fourth quarter of 2017, compared to the year-ago period. Al Sagr Insurance’s net profits amounted to SAR 2.66 million …
Financial Results