Allied Cooperative Insurance Group (ACIG) News - Mubasher Info
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05 February 04:45 PM

Allied Cooperative Insurance Group (8150)

Last update: 03:18 PM market time.
7.19
-4.97
-40.87%
Open 7.38
Previous Close 12.16
High 7.39
Low 7.18
Stock Statistics
Volume 250,479
Turnover 1,819,852.39
All data are 15 minutes late during market session

News

Photo Archive
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
Photo Archive
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
Photo Archive
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 …
Financial Results
Photo Archive
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 …
Corporate Actions
Photo Archive
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 …
Board of Directors
Photo Archive
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 …
Board of Directors
Photo Archive
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
Photo Archive
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 …
Management Decisions
Photo Archive
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 …
Management Decisions
Ghadi will assume the new position on Wednesday
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
The loss per share stood at SAR 0.35 in H1-21
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
The company's net profits reached SAR 3.55 million last year
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
Al-Haqbani’s resignation was submitted for personal reasons.
16 February 2021 09:33 AM Chairwoman of ACIG resigns
Riyadh – Mubasher: The board of Allied Cooperative Insurance Group (ACIG) has approved the resignation of the company’s chairwoman, Nouf Saud Al-Haqbani. Al-Haqbani’s resignation was submitted for personal reasons and was effective as of 15 …
Management Decisions
Photo Archive
3 January 2021 09:46 AM ACIG, SIEC submit capital raise requests to CMA
Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) submitted a request to the Capital Market Authority (CMA) for a SAR 150 million capital raise via a rights issue, according to a bourse disclosure on Sunday.  ACIG wants to increase its …
Companies Investments
The insurer logged losses of SAR 1.45 million in the July-September period.
8 November 2020 09:29 AM ACIG quarterly losses up 163%
Riyadh - Mubasher: Allied Cooperative Insurance Group’s (ACIG) third-quarter net losses before Zakat skyrocketed by 163.22% year-on-year (YoY) to SAR 1.45 million. This is compared to losses of SAR 552,000 in the year-ago period, according to a …
Financial Results
ACIG wants to increase the capital to SAR 291 million from SAR 141 million.
4 October 2020 09:52 AM SAMA greenlights ACIG SAR 150m capital hike
Riyadh - Mubasher: Allied Cooperative Insurance Group (ACIG) announced receiving a no-objection letter from the Saudi Arabian Monetary Authority (SAMA) to increase the company’s capital via a rights issue valued at SAR 150 million. ACIG wants to …
Board of Directors
Photo Archive
8 September 2020 09:25 AM ACIG chairman resigns
Riyadh - Mubasher: The board of Allied Cooperative Insurance Group (ACIG) approved the resignation of the company’s chairman, Thamer bin Abdullah bin Rais. The resignation was submitted on 7 September for personal reasons, according to a bourse …
Board of Directors
The capital reduction will offset the insurer's accumulated losses
27 August 2020 11:04 AM ACIG shareholders approve 29.5% capital reduction
Riyadh - Mubasher: The extraordinary general meeting (EGM) of Allied Cooperative Insurance Group (ACIG) approved the board’s recommendation to cut the company’s capital by 29.5% to SAR 141 million from SAR 200 million. The number of shares will be …
Board of Directors
Capital Market Authority
18 May 2020 00:28 PM CMA approves Allied Cooperative Insurance capital cut
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved the request made by Allied Cooperative Insurance Group Company to reduce its capital from SAR 200 million to SAR 141 million. The capital reduction will be through cutting …
Markets Regulations
The aim is to offset the nearly SAR 60 million accumulated losses
16 January 2020 04:04 PM ACIG board recommends 29.5% capital cut
Riyadh - Mubasher: The board of the Allied Cooperative Insurance Group (ACIG) has recommended reducing the company’s capital by 29.5% from SAR 200 million to SAR 141 million then raising the capital by SAR 150 million. The aim is to offset …
Corporate Actions
The company’s accumulated losses reached SAR 59.59 million
21 November 2019 11:25 AM SAMA orders ACIG to raise statutory deposit
Riyadh - Mubasher: Allied Cooperative Insurance Group (ACIG) announced that it has received a letter from the Saudi Arabian Monetary Authority (SAMA) obligating the company to increase the statutory deposit ratio to 15% of capital. This was …
Markets Regulations
Malath, ACIG decide to drop merger
12 July 2018 07:18 PM Malath, ACIG decide to drop merger
Riyadh – Mubasher: Malath Cooperative Insurance and Allied Cooperative Insurance Group (ACIG) announced not to continue their merger talks. The decision came after the two companies failed to reach a preliminary agreement regarding the method for …
Mergers and Acquisitions
Profits fell to SAR 3.9 million in Q3-17, from SAR 4.7 million in Q3-16, according to a bourse statement
1 November 2017 03:30 PM ACIG’s profits level down 16% in Q3
Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) on Wednesday said its profits went down 16.4% in the third quarter of 2017, compared to the year-ago period. Profits stood at SAR 3.9 million in Q3-17, compared to SAR 4.7 million in …
Financial Results
Earnings increased to SAR 6.6 million in Q2-17
2 August 2017 10:35 AM ACIG posts higher profits in Q2
Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) achieved a growth of 50.12% in net profits before zakat during the second quarter of 2017, compared to the same period a year ago. Earnings increased to SAR 6.6 million in Q2-17 from SAR …
Financial Results
(Photo Credit: Arabianeye-Reuters)
9 May 2017 09:26 AM ACIG posts SAR 5m profits in Q1
Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) saw a rise of 29.7% in net profits during the first quarter of 2017. Profits amounted to SAR 4.9 million in Q1-17 from SAR 3.78 million in Q1-16, according to a bourse filing on Tuesday. …
Financial Results