Al Sagr Cooperative Insurance Co (8180)

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News

8 September 09:47 AM Al Sagr Cooperative Insurance receives Sharia compliance certification

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has received a Sharia compliance certification from the Shariyah Review Bureau, acting as the company’s specialized Sharia advisor. The certification follows a comprehensive review of the …

Companies Investments

31 August 06:22 AM Fitch revises Al Sagr Cooperative Insurance’s outlook to stable

Riyadh – Mubasher: Fitch Ratings has revised the outlook of Al Sagr Cooperative Insurance Company to stable from negative. The credit rating agency affirmed the company’s Insurer Financial Strength (IFS) rating at ‘BBB’ and its National Insurer …

Banking and Finance

17 August 12:59 PM Al Sagr Cooperative Insurance secures license renewal from Insurance Authority

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company received formal approval from the Insurance Authority on 16 August 2026 to renew its license to practice insurance activities in Saudi Arabia. The renewal covers the remaining period of the …

Banking and Finance

2 August 04:29 PM Al Sagr Cooperative Insurance turns profitable in Q2-26

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company turned profitable at SAR 1.11 million for the second quarter (Q2) of 2026, compared to a net loss of SAR 15.34 million in Q2-25. The company attributed the turnaround to a SAR 13.70 million …

Financial Results

26 July 03:29 PM Al Sagr Cooperative Insurance discloses non-executive board member’s resignation

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company announced the resignation of Sultan Abdulaziz Al Suwaidi from his position as a non-executive member of the board of directors. The resignation, which also includes his departure from all …

Company News

19 July 08:16 AM Al Sagr Cooperative Insurance’s non-executive board member resigns

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company announced the resignation of non-executive board member Abdulmohsen bin Nafez Jaber from his position and all sub-committees. The resignation was submitted and became effective on 18 July …

Corporate Actions

15 July 07:28 PM Al Sagr Cooperative Insurance obtains regulatory nod to offset accumulated losses

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has received formal approval from the Insurance Authority to utilize its entire statutory reserve balance of SAR 8.90 million to offset a portion of its accumulated losses. The move follows …

Company News

29 June 10:38 AM Al Sagr Cooperative rolls out agreement with Key Car Rental

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has officially entered into a substantial insurance agreement with Key Car Rental Company to provide comprehensive coverage for the latter’s vehicle fleet. The contract, which was formally …

Companies Investments

24 June 06:57 AM Al Sagr Cooperative obtains regulatory approval for new cyber insurance product

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has announced that it has received final regulatory approval from the Insurance Authority to launch a specialized cyber insurance product. The approval authorizes the company to market and …

Company News

23 June 11:44 AM Al Sagr Cooperative’s shareholders approve liability lawsuits against former executives

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has announced the results of its Ordinary General Assembly Meeting, held on 22 June 2026, where shareholders approved significant legal actions against former leadership and ratified the …

Corporate Actions

18 June 10:49 AM Al Sagr Cooperative announces commencement of e-voting for OGM

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company has officially initiated the electronic voting period for its upcoming Ordinary General Assembly meeting that is scheduled to take place on 22 June 2026, according to a bourse filing. Al …

General Assembly

17 June 07:17 AM Al Sagr Cooperative plans to partially offset accumulated losses via statutory reserve

Riyadh - Mubasher: The board of Al Sagr Cooperative Insurance Company recommended utilizing the company’s statutory reserve balance to partially absorb its accumulated losses. The proposal, finalized on 16 June, involves the allocation of SAR 8.90 …

Corporate Actions

1 June 01:57 PM Al Sagr Cooperative gets regulatory approval for new product

Riyadh - Mubasher: Al Sagr Cooperative Insurance Company has obtained the final approval from the Insurance Authority (IA) to market and sell its Health Insurance for Athletes product for both individuals and groups. The approval was obtained on …

Companies Investments

4 September 2025 09:35 AM Wataniya, Knowledge Net, Al Sagr Cooperative unveil new key appointments

Riyadh – Mubasher: Wataniya Insurance Company announced Hussien Akeil and Faisal Charara as the board’s Chairman and Vice Chairman, respectively. The Insurance Authority (IA) greenlighted the appointment on 28 August 2025, according to a bourse …

Banking and Finance

25 April 2024 09:15 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 …

Banking and Finance

26 December 2023 11:07 AM 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 …

Corporate Actions

14 November 2023 04:05 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 …

Financial Results

14 September 2023 11:04 AM 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 …

Management Decisions

25 December 2022 11:46 AM 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

16 October 2022 07:01 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 …

Corporate Actions

6 October 2022 10:54 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

25 September 2022 09:06 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

21 September 2022 03:51 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

20 September 2022 10:35 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 …

Mergers and Acquisitions

19 September 2022 01:34 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 …

Board of Directors