Al-Etihad Cooperative Insurance Co. (8170)

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News

9 April 2025 01:35 PM Al Etihad Cooperative to pay SAR 30m dividends for 2024

Riyadh – Mubasher: Al Etihad Cooperative Insurance Company announced the board’s recommendation to disburse cash dividends of SAR 30 million for 2024, according to a bourse disclosure. The insurance firm will disburse a dividend of SAR 0.60 per …

Banking and Finance

11 March 2025 00:58 PM Al Etihad Cooperative logs over SAR 49m net profit in 2024

Riyadh – Mubasher: Al Etihad Cooperative Insurance Company recorded SAR 49.13 million worth of net profit after Zakat attributable to the owners in 2024, a 47.67% decline from SAR 93.89 million in 2023. The insurance revenues increased by 23.91% …

Financial Results

6 October 2024 04:15 PM Al Etihad Cooperative enters into SAR 391m deal with Saudi gov’t

Riyadh – Mubasher: Al Etihad Cooperative Insurance Company has signed a contract with the Saudi Ministry of Human Resources and Social Development at a total value of SAR 391.24 million, according to a bourse filing. Al Etihad Cooperative will …

Companies Investments

18 April 2024 06:53 PM Al Etihad Cooperative obtains regulatory nod for SAR 50m capital hike

Riyadh – Mubasher: The Capital Market Authority (CMA) has approved Al Etihad Cooperative Insurance Company's request to increase its capital from SAR 450 million to SAR 500 million through 5 million bonus shares. The company will carry out the …

Management Decisions

15 April 2024 11:13 AM Al Etihad Cooperative’s board proposes dividends for 2023

Riyadh – Mubasher: The board of Al Etihad Cooperative Insurance Company has recommended the distribution of SAR 27 million in cash dividends for 2023. The proposed dividends are equivalent to SAR 0.60 per share to be distributed to 45 million …

Banking and Finance

14 March 2024 01:17 PM Al Etihad Cooperative’s net profit soars 640% YoY in 2023

Riyadh – Mubasher: Al Etihad Cooperative Insurance Company recorded a 639.22% year-on-year (YoY) jump in net profit after Zakat attributable to shareholders to SAR 93.89 million in 2023 from SAR 12.70 million. Insurance revenues grew 12.05% YoY to …

Financial Results

7 November 2023 07:09 PM Al Etihad Cooperative records nearly SAR 80m net profits in 9M-23

Riyadh – Mubasher: Al Etihad Cooperative Insurance Company recorded net profits before Zakat of SAR 79.93 million in the first nine months (9M) of 2023, a significant increase of 809.21% from SAR 8.79 million in the same period of the previous …

Financial Results

14 March 2023 09:15 AM Al Etihad Cooperative announces 2 new key appointments

Riyadh – Mubasher: Al Etihad Cooperative Insurance Company named Yousef Saad Al Saad as the new Chairman of the board for the next three years. The firm also announced Naif Saud Al Turairi as the Vice Chairman, according to a bourse disclosure. …

Management Decisions

2 June 2022 09:56 AM Al Etihad Cooperative inks bancassurance deal with SNB

Riyadh – Mubasher: Al Etihad Cooperative Insurance Company has reached a three-year bancassurance agreement with Saudi National Bank (SNB) to sell its insurance products. The agreement's value has not been determined due to the variation in the …

Companies Investments

9 August 2021 00:26 PM Al Etihad Cooperative’s H1-21 profits down 33.5%

Riyadh – Mubasher: Al Etihad Cooperative Insurance Company registered net profits before Zakat worth SAR 33.8 million in the first half (H1) of 2021, lower by 33.5% than SAR 50.83 million in H1-20. Earnings per share amounted to SAR 0.67 in H1-21, …

Financial Results

6 July 2021 03:18 PM Al Etihad Cooperative inks renewable deal with Tadamon

Riyadh – Mubasher: Al Etihad Cooperative Insurance Company has signed a one-year agency agreement with Tadamon for Cooperative Insurance Agency on 6 July. The contract can be renewed, allowing Tadamon to sell Al Etihad’s individual and corporate …

Companies Investments

31 December 2020 03:05 PM Al Etihad inks agency agreement with Watad National Company

Riyadh – Mubasher: Al Etihad Cooperative Insurance Company said it signed an agency agreement with Watad National Company for Insurance Agency on Thursday. The agreement allows the agent to sell the company’s individual and corporate products in …

Companies Investments

2 November 2020 09:01 AM Al Etihad Cooperative Q3 profits advance 111%

Riyadh – Mubasher: Al Etihad Cooperative Insurance Company gained SAR 29.9 million in net profits before Zakat during the third quarter (Q3), up by 111.6% when compared to the year-ago period. This profit hike was driven by a decrease in net …

Financial Results

9 July 2020 11:35 AM Five Saudi insurers project higher sales following gov't recent decision

Riyadh - Mubasher: Five Saudi companies listed on the Saudi Stock Exchange (Tadawul) on Thursday announced the impact of the General Traffic Department’s recent mandate obliging all vehicle owners to carry effective motor insurance before the …

Financial Results

25 June 2020 09:11 AM Al Etihad Cooperative approves no dividends for 2019

Riyadh – Mubasher: Al Etihad Cooperative Insurance Company’s general assembly approved the board's recommendation not to distribute cash dividends to shareholders for fiscal year (FY) ended on 31 December 2019. A remuneration worth SAR 1.40 …

Cash Dividends

10 June 2020 08:31 AM Al Etihad Cooperative’s earnings up 17% in Q1

Riyadh – Mubasher: Al Etihad Cooperative Insurance Company has recorded SAR 17.5 million in net profits before Zakat during the first quarter (Q1) of 2020, 16.8% more than SAR 14.98 million in the comparative period in 2019. Net written premiums …

Financial Results

12 March 2020 09:44 AM Al Etihad Cooperative’s profit down 27% in 2019

Riyadh – Mubasher: Al Etihad Cooperative Insurance Company logged lower net profits before Zakat by 27% over the fiscal year ended December 2019, the financial statements showed. Net profits stood at SAR 64.3 million from SAR 88.14 million in …

Financial Results

23 September 2019 11:59 AM Al Etihad unveils strategic tie-up with Shariyah Review Bureau

Riyadh – Mubasher: Al Etihad Cooperative Insurance Company, a leading insurance company in Saudi Arabia, on Monday announced the assignment of Shariyah Review Bureau (SRB), one of the world's leading Sharia Advisory to deliver dynamic …

Corporate Actions

20 June 2019 11:52 AM Al Etihad Cooperative to raise capital to SAR 400m

Riyadh – Mubasher: Al Etihad Cooperative Insurance Co’s shareholders approved a 45.4% capital increase during an extraordinary general assembly meeting held on 19 June. The company will raise its capital to SAR 400 million instead of SAR 275 …

Company News

30 May 2019 09:18 AM CMA greenlights Al-Etihad Cooperative’s SAR 125m capital hike

Riyadh – Mubasher: Al-Etihad Cooperative Insurance Company has obtained the approval of the Capital Market Authority (CMA) to raise its capital via issuing bonus shares. The Kingdom-based insurer will increase its capital to SAR 400 million from …

Company News

8 May 2017 05:00 PM Trade Union sees higher profits before zakat in Q1

Riyadh – Mubasher: Trade Union Cooperative Insurance Co. posted a 478.6% year-on-year rise in its net profits before zakat in Q1-17, according to a bourse filing. Net profits before zakat reached SAR 8.07 million in Q1-17, compared to SAR 1.4 …

Financial Results

16 February 2016 08:50 AM Trade Union gets SAMA’s nod to issue, renew vehicle policies

Riyadh-Mubasher: Trade Union Cooperative Insurance Co. has obtained the approval of Saudi Arabian Monetary Agency (SAMA) to provide new subscribers with vehicle insurance services, the company said in a bourse statement. The issuance and renewal …

Companies Investments

16 February 2016 08:21 AM Trade Union signs agency contract with Waad Insurance

Riyadh-Mubasher: Trade Union Cooperative Insurance Co. has signed a one-year agency agreement with Waad Insurance Agency Co., the company said in a statement to Tadawul. Waad will accordingly promote and sell the Saudi insurer’s corporate and …

Companies Investments

28 January 2016 07:47 AM Trade Union names new CEO

Riyadh-Mubasher: Trade Union Cooperative Insurance’s board approved the appointment of Hossam Abdul Aziz Al Kanas as the company’s Chief Executive Officer (CEO), starting from April 2016. The insurer’s board earlier approved the resignation of CEO …

Corporate Actions

24 December 2015 07:51 AM Trade Union CEO steps down

Riyadh-Mubasher: Trade Union Cooperative Insurance’s board approved the resignation of CEO Abbas Abdeljalil on Wednesday, to be effective as of 1 April 2016, the insurer said in a statement to Tadawul.

Board of Directors