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Buruj Cooperative Insurance Co.

8270
BURUJ
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  • Main Market
  • Insurance

Stats Overview

  • Prev. Close 22.98
  • Open 22.76
  • High 23.00
  • Low 22.00
  • No. of Trades 351
  • Avg. Trade size* 387
  • Volume Traded 135,976
  • Value Traded (SAR) 3,058,688.34

Performance

BURUJ
-0.80 ( -3.48% )
Compare
Name Price Change %
Buruj Cooperative Insurance Co. 22.76 -3.48%
Note: Prices are delayed minimum 5 minutes
  • *Average Trade Size = Cumulative / # of Trades
  • **52 Week Price Change =   (Current Price - Price year ago) / Price year ago x 100
  • Historical prices & volume traded data are adjusted to account for all corporate actions.
  • MO: Market Order

Trade Updates

Last Trade

Price
22.18
% Change
-3.48
Volume Traded
21

Best Bid

Price 22.12
Volume 100

Best Offer

Price 22.18
Volume 49

52 WEEK

High
24.54
2024/03/17
Low
17.70
2023/05/08
Change**
25.31

PERFORMANCE

Start of Year
19.96
Year ago
17.7
3 Years ago
26.6

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  • Dividends
  • Financials
  • Shareholding
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Announcements

  • Buruj Cooperative Insurance Co. announces the board of director's decision to not distribute dividends for the financial year ending on 31/12/2023

    8270
    BURUJ -3.48 %
    1445/09/17     27/03/2024 08:03:47
  • Buruj Cooperative Insurance Co. announces its Annual Financial Results for the Period Ending on 2023-12-31

    8270
    BURUJ -3.48 %
    1445/08/29     10/03/2024 07:52:21
  • Buruj Cooperative Insurance Company announces that it has received a letter from the founding shareholder, Gulf Insurance Group (GIG).

    8270
    BURUJ -3.48 %
    1445/08/08     18/02/2024 07:54:31
  • Buruj Cooperative Insurance Co. Announces Appointment of an Acting CEO

    8270
    BURUJ -3.48 %
    1445/05/20     04/12/2023 08:19:37
  • Buruj Cooperative Insurance Co. Announces Resignation of a CEO

    8270
    BURUJ -3.48 %
    1445/05/13     27/11/2023 08:25:18
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Corporate Actions

Upcoming Events

    Past Events

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      Dividends

      Announced Date Eligibility Date Distribution Date Distribution Way Dividend Amount
      26/09/2019 27/11/2019 16/12/2019 Account Transfer 1.00
      06/04/2017 22/05/2017 06/06/2017 Account Transfer 0.50

      CompanyProfilev2Financials

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      Financials

      • FINANCIAL INFORMATION
      • FINANCIAL STATEMENTS AND REPORTS
      • Annually
      • Quarterly
      Balance Sheet 2023-12-31
      Total Assets
      847,638
      - - -
      Total Liabilities
      406,260
      - - -
      Total Shareholders Equity (After Deducting the Minority Equity)
      441,378
      - - -
      Total Liabilities and Shareholders Equity
      847,638
      - - -
      Statement of Income 2023-12-31
      Total Revenue (Sales/Operating)
      373,444
      - - -
      Net Profit (Loss) before Zakat and Tax
      25,580
      - - -
      Zakat and Income Tax
      -5,497
      - - -
      Net Profit (Loss) after Zakat and Tax
      20,083
      - - -
      Total Comprehensive Income
      24,352
      - - -
      Profit (Loss) per Share
      0.67
      - - -
      Cash Flow 2023-12-31
      Net Cash From Operating Activities
      -7,999
      - - -
      Net Cash From Investing Activities
      -147,906
      - - -
      Net Cash From Financing Activities
      -1,100
      - - -
      Cash and Cash Equivalents, Beginning of the Period
      255,969
      - - -
      Cash and Cash Equivalents, End of the Period
      98,964
      - - -
      All Figures in Thousands
      All Currency In SAR
      Last Update Date 2024-03-17

      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.

      Balance Sheet 2023-09-30 2023-06-30 2023-03-31
      Total Assets
      874,316
      859,162
      827,993
      Total Liabilities
      442,852
      429,000
      428,537
      Total Shareholders Equity (After Deducting the Minority Equity)
      431,464
      430,162
      399,456
      Total Liabilities and Shareholders Equity
      874,316
      859,162
      827,993
      Statement of Income 2023-09-30 2023-06-30 2023-03-31
      Total Revenue (Sales/Operating)
      98,281
      87,216
      81,704
      Net Profit (Loss) before Zakat and Tax
      4,002
      33,081
      -15,438
      Zakat and Income Tax
      -2,500
      -2,484
      -2,500
      Net Profit (Loss) after Zakat and Tax
      1,502
      30,597
      -17,938
      Total Comprehensive Income
      1,287
      30,706
      -17,847
      Profit (Loss) per Share
      0.05
      1.02
      -0.6
      Cash Flow 2023-09-30 2023-06-30 2023-03-31
      Net Cash From Operating Activities
      17,795
      33,982
      19,200
      Net Cash From Investing Activities
      -151,755
      30,475
      96,121
      Net Cash From Financing Activities
      -550
      -550
      -
      Cash and Cash Equivalents, Beginning of the Period
      254,568
      254,568
      254,568
      Cash and Cash Equivalents, End of the Period
      120,058
      318,475
      369,889
      All Figures in Thousands Thousands Thousands
      All Currency In SAR SAR SAR
      Last Update Date 2023-11-12 2023-11-12 2023-11-12

      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.

      Display Previous Periods
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      Shareholding Information

      • Board Of Directors
      • Foreign Ownership
      • Substantial Shareholders
      Time Period
      -
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      Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
      2024-04-25 ياسر يوسف محمد ناغي Chairman 11.5000000% 11.5000000% 0
      2024-04-25 زياد بسام محمد البسام Board of Directors 0.0076900% 0.0076900% 0
      2024-04-25 بدر محمد حمد العيسى Board of Directors 0.0836667% 0.0836667% 0
      • The listed company (Publisher) shall be responsible for the accuracy of the published information pertaining to the ownership of the Board of Directors, Chief Executive Officer or highest executive position, and the Chief Financial Officer. The listed company shall also be responsible for updating these information thereof. Therefore, the Saudi Stock Exchange (Tadawul) shall not be liable for the information contained therein, nor for any consequences that may result from the said information.
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      Buruj Cooperative Insurance Co.
      Price 22.18
      Market Cap (SAR MN) 680
      P/E Ratio 33.85
      Index Name Index Level 1D Return
      Buruj Cooperative Insurance Co. %
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      Company Profile

      Company overview

      Buruj Cooperative Insurance offers various types of insurance covers through distinguished insurance products such as: Motor, Property and Fire, Marine, Engineering, Health, Fidelity and Money, Liability, and other types. The company transacts cooperative insurance operations according to the Cooperative Insurance Regulations and its implementing guidelines issued by Insurance Authority

      Company History

      Buruj Cooperative Insurance Company is a Saudi Joint Stock company and was established in accordance with Council of Ministers Resolution No. 313 dated 27/10/1429H (corresponding to 28/10/2008G) and Royal Decree No. M/72 dated 28/10/1429H (corresponding to 29/10/2008G). Buruj''''''''s insurance experience in the market goes back to 1979 when it was operating through a local agent under the name of Saudi Pearl Insurance Company (registered in Bahrain). After the issuance of Insurance Regulations in the Kingdom, Saudi Pearl and its owner Gulf Insurance Group in Kuwait along with other major business groups and Saudi businessmen established the Buruj Cooperative Insurance Company. Buruj Cooperative Insurance is part of the Gulf Insurance Group in Kuwait which in turn is regionally present in Bahrain, Egypt, Lebanon, Syria, and Jordan.

      Company Bylaws

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      Equity Profile

      • Authorized Capital (SAR) 300,000,000
      • Issued Shares 30,000,000
      • Paid Capital (SAR) 300,000,000
      • Par Value/Share 10
      • Paid Up Value/Share 10

      Last Update :2019-01-15

      Investment limits

      There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on company's bylaw and the issued instructions by the related regulators and supervisory authorities

       

      • Company Details
      • BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
      • Date Established

        2009/12/27

      • Financial Year End

        31/12

      • Listing Date

        2010/02/15

      • External Auditors

        [Crowe Solutions for Professional Consulting, El Sayed El Ayouty & Co. (MOORE)]

      • ISIN CODE

        SA12CG541714

      • Number of Employees

        205

      • Chairman

        Yasser Yousef Naghi
        Non - Executive

        Yasser Yousef Naghi
        • BD Session Start
          2022-03-09
          Designation
          Chairman
        • BD Session End
          2025-03-08
          Classification
          Non - Executive
      • Board of Directors

        Zain AlAbdeen Barry Independent

        Zain AlAbdeen Barry
        • BD Session Start
          2022-03-09
          Designation
          Board of Directors
        • BD Session End
          2025-03-08
          Classification
          Independent

        Adil Abdulla Al Samoum Independent

        Adil Abdulla Al Samoum
        • BD Session Start
          2022-03-09
          Designation
          Board of Directors
        • BD Session End
          2025-03-08
          Classification
          Independent

        Ahmed Mohammed Hamed Marzouki Deputy Chairman - Independent

        Ahmed Mohammed Hamed Marzouki
        • BD Session Start
          2022-03-09
          Designation
          Board of Directors
        • BD Session End
          2025-03-08
          Classification
          Deputy Chairman - Independent

        Ziad Bassam Al Bassam Non - Executive

        Ziad Bassam Al Bassam
        • BD Session Start
          2022-03-09
          Designation
          Board of Directors
        • BD Session End
          2025-03-08
          Classification
          Non - Executive

        Sultan Fahad Alrashed Independent

        Sultan Fahad Alrashed
        • BD Session Start
          2022-03-09
          Designation
          Board of Directors
        • BD Session End
          2025-03-08
          Classification
          Independent

        Bader Mohammed Aleisa Independent

        Bader Mohammed Aleisa
        • BD Session Start
          2022-03-09
          Designation
          Board of Directors
        • BD Session End
          2025-03-08
          Classification
          Independent
      • Senior Executives

        Bader Saad ALgonaim CFO

        Bader Saad ALgonaim
        • BD Session Start
          2021-09-01
          Designation
          Senior Executives
        • BD Session End
          -
          Classification
          CFO

        Bader Saad ALgonaim CEO

      Bader Saad ALgonaim
      • BD Session Start
        2023-12-04
        Designation
        Senior Executives
      • BD Session End
        2024-06-03
        Classification
        CEO

      Investor Relations

      Contact Name:

      Shareholder relations

      Company Address:

      Al Thoumamah Road - An Nada District P.O. Box 51855 Riyadh 11553 Kingdom of Saudi Arabia

      Contact Details:

      Telephone: +966112938383
      Fax : +966112172350
      Email : invest@burujinsurance.com

      Company Website:

      http://www.burujinsurance.com/


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      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of these disclosures, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of these disclosures, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.