Allied Cooperative Insurance Group (8150)

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News

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

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 …

Management Decisions

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

6 September 12:05 PM ACIG receives extension for SAR 19m capital raise

Riyadh — Mubasher: Allied Cooperative Insurance Group (ACIG) has received approval from the Insurance Authority to extend its previously granted authorization for a capital increase. The insurer plans to raise its capital from SAR 291 million to …

Company News

27 August 03:18 PM ACIG amends subscription agreement with Diar Al Arabia Investment

Riyadh — Mubasher: Allied Cooperative Insurance Group (ACIG) has signed an addendum on 26 August 2026 to its existing subscription agreement with Diar Al Arabia Investment Company, according to a bourse filing. The amendment modifies the terms of …

Banking and Finance

26 August 02:17 PM ACIG obtains license renewal for certain activities

Riyadh — Mubasher: Allied Cooperative Insurance Group (ACIG) has received notification on 26 August 2026 for the renewal of its operating license from the Insurance Authority, according to a bourse filing. The regulatory approval allows ACIG to …

Banking and Finance

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

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

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

30 June 05:17 PM ACIG’s accumulated losses hit 52% of capital

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) has issued a strategic update regarding its financial position following a disclosure that its accumulated losses have reached 51.97% of its total capital. In a statement released to the …

Company News

11 June 07:22 PM ACIG general assembly discusses financial performance

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) has announced the results of its Ordinary General Assembly Meeting, which concluded with the ratification of the company’s financial reports for 2025 and the appointment of external …

Financial Results

31 May 11:56 AM ACIG announces license renewal from Saudi regulator IA

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) has obtained an approval from the Insurance Authority (IA) for the annual re-licensing to practice health insurance, according to a bourse disclosure. The license allows the company to …

Markets Regulations

17 November 2025 00:18 PM ACIG, Almunajem Foods name new CEOs

Riyadh - Mubasher: Allied Cooperative Insurance Group (ACIG) appointed Hamad bin Abdulaziz Al Mushari as its new CEO, effective from 23 November 2025, according to a bourse filing. The decision follows the board resolution on 13 November of …

Corporate Actions

21 May 2024 03:09 PM ACIG lowers accumulated losses to nearly 17% of capital

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) reduced its accumulated losses to 16.84% of the capital as of 31 March 2024, according to a bourse filing. ACIG suffered lower accumulated losses valued at SAR 49 million, mainly due to …

Financial Results

2 January 2024 05:07 PM ACIG cancels stock split, maintains share value

Riyadh – Mubasher: The board of Allied Cooperative Insurance Group (ACIG) reversed its decision to split the nominal value of the share from SAR 10 per share to SAR 0.10 per share during its 6 December 2023 meeting.  The board decided to maintain …

Management Decisions

7 November 2023 08:06 PM ACIG swings to SAR 52m net profits in 9M-23, unveils accumulated losses

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) shifted to net profits before Zakat of SAR 52.16 million in the first nine months (9M) of 2023, compared to a net loss of SAR 35.62 million in 9M-22. The company’s earnings per share …

Banking and Finance

4 September 2022 09:31 AM Amana Cooperative, ACIG discuss potential merger

Riyadh - Mubasher: Amana Cooperative Insurance Company has inked a non-binding memorandum of understanding (MoU) with Allied Cooperative Insurance Group (ACIG) to evaluate a potential merger between the two companies. The two insurers will conduct …

Mergers and Acquisitions

21 August 2022 02:32 PM ACIG names Al Gadhi as new CEO

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) has appointed Mohammad Abdullah Al Gadhi as the new CEO of the company. The appointment is subject to the Saudi Central Bank’s (SAMA) approval, according to a recent bourse filing. Al …

Corporate Actions

7 June 2022 09:45 AM ACIG names new Chairman, Vice Chairman

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) has appointed Yasser bin Muhammad bin Nasser Al Jarallah as the company's Chairman. The company has also named Fayez bin Saleh bin Mahfouz as Vice Chairman and Ali bin Yahya Ali Al …

Management Decisions

16 January 2022 10:50 AM ACIG's rights issue 89% covered

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) has recorded an 88.86% coverage rate of its right issues and subscription. A total of 13.329 out of 15 million shares were subscribed at a total value of SAR 133.296 million, according …

Companies Investments

30 December 2021 01:40 PM ACIG’s EGM approves SAR 150m capital increase

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Allied Cooperative Insurance Group (ACIG) has approved a capital increase by SAR 150 million by offering priority rights. To raise the capital, the company will offer and list 15 …

General Assembly

20 September 2021 05:02 PM ACIG receives regulatory nod for capital hike

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) approved for Allied Cooperative Insurance Group (ACIG) to increase its capital through rights issue shares. The company aims to raise the capital by SAR 150 million, according to a …

Corporate Actions

31 August 2021 03:59 PM ACIG names Ghadi as new CEO

Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) has appointed Mohamed Abdullah Ghadi as the new CEO of the company, according to a bourse disclosure on Tuesday. Ghadi will assume the new position on Wednesday, 1 September. The new CEO …

Corporate Actions

17 August 2021 05:20 PM ACIG turns to loss in H1-21; accumulated losses total SAR 6m

Riyadh – Mubasher: Allied Cooperative Insurance Group suffered net losses before Zakat worth SAR 1.81 million in the first half (H1) of 2021, against net profits of SAR 9.96 million in H1-20. The loss per share stood at SAR 0.35 in H1-21, versus …

Financial Results

24 March 2021 03:39 PM ACIG’s net profits more than halve in 2020

Riyadh – Mubasher: Allied Cooperative Insurance Group’s (ACIG) recorded a 50.161% decline in net profits before Zakat to SAR 3.546 million in 2020 from SAR 7.115 million in 2019.  The company’s net written premiums decreased by 4.546% to SAR …

Financial Results