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20 October 09:22 PM

Sector News

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5 October 12:42 PM Rasan names Garelli as CEO
Riyadh — Mubasher: The board of Rasan Information Technology Company has approved the appointment of Nicola Garelli as CEO, effective 5 October 2026. The decision, made during a board meeting on 4 October, follows a recommendation from the …
Management Decisions
Photo Archive
5 October 12:37 PM MedGulf announces resignation of non-executive director
Riyadh - Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) announced the resignation of non-executive board member Munira bint Saleh Al Suwaidani. The resignation, which was submitted and became effective on 4 …
Company News
Tadawul
5 October 12:07 PM Tawuniya sees SAR 30m special deal on Tadawul
Riyadh – Mubasher: The Company for Cooperative Insurance (Tawuniya) saw a negotiated deal executed during the 5 October 2026 session on 346,557 shares at SAR 87.4 per share. The transaction was implemented for a total value of about SAR 30,28 …
Trading Activities
Saudi Riyal
1 October 03:04 PM Tawuniya completes fractional share sale distribution following capital increase
Riyadh – Mubasher: The Company for Cooperative Insurance (Tawuniya) announced the completion of the distribution of SAR 551,179.26 generated from the sale of fractional shares, according to a bourse filing. The process follows the company’s …
Trading Activities
Photo Archive
30 September 10:51 PM Riyadh Commercial Court orders liquidation of United Cooperative Assurance
Riyadh — Mubasher: United Cooperative Assurance Company announced that the Ninth Commercial Circuit of the Riyadh Commercial Court issued a judgment on 30 September 2026 to initiate liquidation proceedings for the firm. The ruling, under case …
Company News
Photo Archive
28 September 08:11 AM ACIG to suspend issuance of new motor insurance policies
Riyadh — Mubasher: Allied Cooperative Insurance Group (ACIG) received a notification from the Insurance Authority on 24 September, ordering the company to suspend the issuance of new comprehensive motor insurance policies. The regulatory decision, …
Banking and Finance
CMA
27 September 08:32 AM CMA nods for ACIG’s capital hike via private placement
Riyadh — Mubasher: The Capital Market Authority (CMA) has granted approval for Allied Cooperative Insurance Group (ACIG) to increase its share capital from SAR 291 million to SAR 300 million. The expansion, which was approved by the Insurance …
Corporate Actions
Photo Archive
24 September 12:42 PM United Cooperative Assurance suspends insurance policy issuance
Riyadh – Mubasher: United Cooperative Assurance Company has received a notification from the Insurance Authority on 22 September, mandating the immediate suspension of issuing or renewing all insurance policies. The regulatory directive covers all …
Banking and Finance
Photo Archive
22 September 10:40 AM Bupa Arabia secures regulatory approval for mandatory insurance product
Riyadh - Mubasher: Bupa Arabia for Cooperative Insurance Company has received final regulatory approval from the Insurance Authority to market and sell a new mandatory insurance product. The product, titled "Tourist Insurance," is designed for …
Companies Investments
Photo Archive
22 September 10:20 AM Amana Cooperative Insurance to market, sell Cyber Risk product
Riyadh - Mubasher: Amana Cooperative Insurance Company received final regulatory approval from the Insurance Authority on 21 September 2026 to market and sell a new "Cyber Risk Insurance" product. The approval, granted via application number 9527, …
Banking and Finance
Photo Archive
21 September 08:41 AM Gulf Union Al Ahlia CEO Al Shayea to step down
Riyadh – Mubasher: Gulf Union Al Ahlia Cooperative Insurance Company’s board of directors approved on 16 September the request of CEO Mesheal Ibrahim Al Shayea to terminate his contractual relationship with the company. According to the regulatory …
Management Decisions
Photo Archive
17 September 05:56 AM Liva Insurance names Healy as Vice Chairman
Riyadh – Mubasher: Liva Insurance Company announced the appointment of David Healy as Vice Chairman of the Board of Directors in a non-executive capacity. The board approved the decision on 16 July 2026, following receipt of a no-objection letter …
Company News
Photo Archive
17 September 05:42 AM Liva Insurance appoints 3 board members
Riyadh – Mubasher: Liva Insurance Company has appointed three new members to fill vacancies on its board of directors, effective 15 September 2026. The appointments follow the receipt of a non-objection letter from the Insurance Authority on 15 …
Corporate Actions
Photo Archive
14 September 10:51 AM Malath Cooperative Insurance opens board nominations for new 4-year term
Riyadh — Mubasher: Malath Cooperative Insurance Company has opened the nomination process for its board of directors for the upcoming four-year term. The company is seeking candidates for nine board seats, with the new term tentatively scheduled …
Company News
Photo Archive
14 September 08:03 AM Riyadh Commercial Court accepts liquidation filing against United Cooperative Assurance
Riyadh – Mubasher: United Cooperative Assurance Company announced that the Commercial Court in Riyadh has accepted a request to initiate liquidation proceedings filed by one of the company’s creditors. This development follows a previous …
Banking and Finance
Photo Archive
14 September 07:47 AM Malath Cooperative Insurance recommends early termination of board term
Riyadh — Mubasher: The board of Malath Cooperative Insurance Company issued a recommendation on 13 September to terminate the current board cycle ahead of its scheduled expiry. The current term originally commenced on 17 June 2025 and was slated …
Banking and Finance
Photo Archive
14 September 07:34 AM CMA suspends trading of United Cooperative Assurance
Riyadh – Mubasher: The Capital Market Authority (CMA) announced the suspension of trading in the shares of United Cooperative Assurance Company on the Saudi Exchange (Tadawul) effective 13 September. The regulatory intervention follows the …
Corporate Actions
Photo Archive
13 September 09:21 AM ACIG obtains regulatory approval for tourist insurance product
Riyadh — Mubasher: Allied Cooperative Insurance Group (ACIG) received final regulatory approval from the Insurance Authority on 10 September 2026 to begin marketing and selling a new insurance product. The approved offering is a tourist insurance …
Company News
Photo Archive
13 September 08:49 AM Salama Cooperative receives regulatory nod for new product
Riyadh - Mubasher: The net losses of Salama Cooperative Insurance Company received final regulatory approval from the Insurance Authority on 10 September 2026 to market and sell a new insurance product. The approval covers the domestic worker …
Banking and Finance
Photo Archive
10 September 06:19 PM United Cooperative Assurance to file for financial reorganization
Riyadh – Mubasher: United Cooperative Assurance Company announced that its board of directors passed a resolution on 10 September 2026 to apply for the opening of a financial reorganization procedure with the competent commercial court. The …
Management Decisions
Photo Archive
10 September 05:53 PM Gulf Union Al Ahlia obtains regulatory nod for Tourist Visa product
Riyadh – Mubasher: Gulf Union Al Ahlia Cooperative Insurance Company received final approval from the Insurance Authority on 9 September to begin the marketing and sale of its Tourist Visa insurance product. The approval, issued via electronic …
Banking and Finance
Photo Archive
10 September 05:29 PM United Cooperative Assurance faces liquidation request from creditor
Riyadh – Mubasher: United Cooperative Assurance Company has submitted a formal request to the Riyadh Commercial Court to open liquidation proceedings against the company. The filing was made under the provisions of the Saudi Bankruptcy Law and its …
Law
Photo Archive
10 September 12:45 PM Saudi Re to lead Saudi Pool for Marine War Insurance initiative
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has been appointed leader of the Saudi Pool for Marine War Insurance, following the Cabinet’s approval of the initiative, according to a bourse disclosure. The national initiative brings …
Banking and Finance
Photo Archive
9 September 04:58 PM Edaa concludes capital hike procedures for Tawuniya
Riyadh — Mubasher: The Securities Depository Center Company (Edaa) implemented corporate actions regarding the capital increase for the Company for Cooperative Insurance (Tawuniya). The depository center has completed the addition of the new …
Corporate Actions
Photo Archive
9 September 03:20 PM Amana Cooperative Insurance appoints financial advisor for capital reduction
Riyadh - Mubasher: Amana Cooperative Insurance Company has appointed Audi Capital as its financial advisor to manage the company’s proposed capital reduction process. The appointment, effective 8 September 2026, follows a previous board …
Banking and Finance