Malath Cooperative Insurance Co (8020)

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News

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 …

Banking and Finance

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 …

Corporate Actions

17 August 09:54 AM Malath Cooperative Insurance announces resignation of 2 board members

Riyadh — Mubasher: Malath Cooperative Insurance Company announced the resignation of two independent members from its board of directors, effective 15 August 2026. The outgoing members, Yasser Rashid Al Rasheed and Muhannad Abdulaziz Al Qasim, …

Banking and Finance

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 …

Financial Results

30 July 02:37 PM Malath Insurance appoints Al Malik as new board member

Riyadh — Mubasher: Malath Cooperative Insurance Company announced the appointment of Hamad Fahad Al Malik as an independent member of its board of directors. The appointment became effective as of 29 July 2026, on which the company obtained a …

Board of Directors

30 June 10:06 AM Malath Insurance turns down several board proposals at OGM

Riyadh - Mubasher: Malath Cooperative Insurance Company (Malath Insurance) announced the results of its Ordinary General Meeting (OGM), held on 28 June 2026. While shareholders approved the company’s financial statements and the appointment of …

Company News

15 June 06:07 PM Malath Insurance rolls out deal with National Housing Services

Riyadh - Mubasher: Malath Cooperative Insurance Company (Malath Insurance) signed an agreement with National Housing Services to organize and support the issuance process of the contractor's works insurance product for latent defects policies …

Company News

19 February 02:27 PM Malath Insurance posts lower profits in 2025; accumulated losses cross SAR 86m

Riyadh - Mubasher: The net profits after Zakat attributable to the owners of Malath Cooperative Insurance Company (Malath Insurance) reached SAR 21.70 million in 2025. The recorded results marked an annual decrease of 19.29% from SAR 26.88 …

Financial Results

5 November 2025 11:53 AM Malath Insurance’s revenues exceed SAR 1bn in 9M-25; accumulated losses unveiled

Riyadh - Mubasher: Malath Cooperative Insurance Company (Malath Insurance) logged SAR 17.18 million in net profits after Zakat attributable to the owners during the first nine months (9M) of 2025. The 9M-25 generated profits were 0.25% higher than …

Financial Results

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 …

Companies Investments

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 …

Banking and Finance

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

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

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 …

Corporate Actions

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 …

Financial Results

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

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

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

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

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 …

Corporate Actions

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

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

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

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

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