	English [member]
Start Date	2020-01-01	2019-01-01
End Date	2020-03-31	2019-03-31
Filing information [line items]
Disclosure of entity information [abstract]
Name of reporting entity	Malath Cooperative Insurance Co.
Company symbol code\| ISIN code	8020 \| SA000A0MJ2J4
Sector\| Industry group	Financials \| Insurance
Disclosure of document information [abstract]
Whether entity wants to report opening statement of financial position	No
Period covered by financial statements	Quarter 1
Reporting period start date	2020-01-01	2019-01-01
Reporting period end date	2020-03-31	2019-03-31
Description of nature of financial statements	Consolidated
Status of financial statements	Reviewed
Description of presentation currency	Saudi Arabia, Riyals
Level of rounding used in financial statements	Thousands

	Primary auditor [member]	Second primary auditor [member]
	English [member]	English [member]
Start Date	2020-01-01	2020-01-01
End Date	2020-03-31	2020-03-31
Auditors information [line items]
Details of auditors signing report [abstract]
Name of auditor signing report	Ibrahim Ahmad Albassam	Gihad M. Al-Amri
Registration number of auditor	337	362
Details of audit firm [abstract]
Name of audit firm	Al-Bassam & Co. Allied Accountants.	Dr. Mohamed Al Amri & Co
Registration number of audit firm	337	323
Contact number of audit firm	011 206 5333	112780608
Address of audit firm	P. O. Box 69658Riyadh 11557	P. O. Box 8736Riyadh 11492

	English [member]
Start Date	2020-01-01
End Date	2020-03-31
Auditors report [line items]
Disclosures of auditors report [text block]	INDEPENDENT AUDITOR’S REVIEW REPORT ON THE INTERIM CONDENSED FINANCIAL STATEMENTS TO THE SHAREHOLDERS OF MALATH COOPERATIVE INSURANCE COMPANY (A SAUDI JOINT STOCK COMPANY) INTRODUCTION We have reviewed the accompanying interim condensed statement of financial position of Malath Cooperative Insurance Company (the “Company”) as of 31^st March 2020 and the related interim condensed statement of income and other comprehensive income for the three-month period then ended, and the interim condensed statement of changes in equity and interim condensed statement cash of flows for the three-month period then ended, and a summary of significant accounting policies and other explanatory notes (the “interim condensed financial statements”). Management is responsible for the preparation and presentation of these interim condensed financial statements in accordance with International Accounting Standard 34 - “Interim Financial Reporting” (“IAS 34”) that is endorsed in the Kingdom of Saudi Arabia. Our responsibility is to express a conclusion on these interim condensed financial statements based on our review. SCOPE OF REVIEW We conducted our review in accordance with International Standard on Review Engagement 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, that is endorsed in the Kingdom of Saudi Arabia. A review of interim condensed financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing that are endorsed in the Kingdom of Saudi Arabia and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. CONCLUSION Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed financial statements is not prepared, in all material respects, in accordance with IAS 34 that is endorsed in the Kingdom of Saudi Arabia.
Contents of auditors report [abstract]
Nature of auditors opinion	Unmodified opinion
Auditors opinion	Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed financial information is not prepared, in all material respects, in accordance with IAS 34, as endorsed in the Kingdom of Saudi Arabia.
Date of signing audit report by auditor	2020-06-17

Start Date	2020-01-01	2019-01-01	2019-01-01
End Date	2020-03-31	2019-12-31	2019-03-31
Statement of financial position [abstract]
Assets [abstract]
Insurance/ takaful operations assets [abstract]
Property and equipment, net, insurance/ takaful operations assets	2,975	3,338	3,508
Deferred policy acquisition costs	27,946	27,331	43,955
Reinsurers/ retakaful share of unearned premiums/ contributions	39,760	17,538	43,452
Prepayments and other assets, insurance/ takaful operations assets	42,785	36,771	22,922
Premiums/ insurance receivables/takaful contributions receivable, net	239,547	183,834	398,638
Reinsurers/ retakaful share of outstanding claims/ benefits, net	154,806	147,703	83,553
Time (Murabaha) deposits, insurance/ takaful operations assets	400,000	360,000	365,000
Available-for-sale investments, insurance/ takaful operations assets	3,372	3,372	3,207
Cash and cash equivalents, insurance/ takaful operations assets	39,836	98,970	52,048
Total insurance/ takaful operations assets	951,027	878,857	1,016,283
Shareholders assets [abstract]
Property and equipment, net, shareholders assets			0
Statutory deposit	75,000	75,000	75,000
Prepayments and other assets, shareholders assets	16,662	13,597	8,173
Time (Murabaha) deposits, shareholders assets	300,206	280,000	163,000
Available-for-sale investments, shareholders assets	34,505	32,815	33,423
Due from insurance/ takaful operations assets	990	28,637	19,976
Cash and cash equivalents, shareholders assets	78,766	71,300	198,330
Total shareholders assets	506,129	501,349	497,902
Total assets	1,457,156	1,380,206	1,514,185
Liabilities and equity [abstract]
Insurance/ takaful operations liabilities and surplus (deficit) [abstract]
Insurance/ takaful operations liabilities [abstract]
Gross unearned premiums/ contributions	399,922	348,546	462,947
Unearned commission income	10,075	4,801	10,035
Surplus distribution payable	8,299	8,821	10,076
Due to shareholders operations	990	28,637	19,976
Due to related parties, insurance/ takaful operations liabilities	2	2	8,056
Reinsurers/ retakaful balance payable	45,618	11,248	40,060
Gross outstanding claims/ benefits including IBNR payable	322,648	318,463	253,803
Other technical reserves	17,163	20,919	28,309
Accrued expenses payable, insurance/ takaful operations liabilities	151,350	142,460	187,352
Total insurance/ takaful operations liabilities	956,067	883,897	1,020,614
Insurance/ takaful operations surplus (deficit) [abstract]
Surplus (deficit) from insurance/ takaful fund	0	0	0
Fair value reserves on investments	0	0	0
Total insurance/ takaful operations surplus (deficit)	0	0	0
Total insurance/ takaful operations liabilities and surplus (deficit)	956,067	883,897	1,020,614
Shareholders liabilities and equity [abstract]
Shareholders liabilities [abstract]
Zakat payable	35,520	32,220	33,165
Accrued expenses payable, shareholders liabilities	536	536	538
Other liabilities, shareholders liabilities	8,523	8,124	6,188
Total shareholders liabilities	44,579	40,880	39,891
Shareholders equity [abstract]
Equity attributable to owners of parent [abstract]
Share capital	500,000	500,000	500,000
Statutory reserve	2,131	2,131	2,131
Fair value reserve on investments, shareholders equity	1,022	634	85
Retained earnings (accumulated losses)	-41,603	-42,296	-44,205
Other reserves	-5,040	-5,040	-4,331
Total equity attributable to owners of parent	456,510	455,429	453,680
Non-controlling interests	0	0	0
Total equity attributable to equity holders of company	456,510	455,429	453,680
Total shareholders liabilities and equity	501,089	496,309	493,571
Total insurance/ takaful operations liabilities, surplus (deficit) and shareholders liabilities and equity	1,457,156	1,380,206	1,514,185

Start Date	2020-01-01	2019-01-01
End Date	2020-03-31	2019-03-31
Statement of insurance/ takaful operations [abstract]
Statement of insurance/ takaful operations and accumulated surplus (deficit) [abstract]
Income from insurance/ takaful operations [abstract]
Net premiums/ contributions earned [abstract]
Net premiums/ contributions written [abstract]
Gross premiums/ contributions written	253,798	380,295
Excess of loss expense	2,978	5,311
Reinsurance/ retakaful premiums ceded	37,513	40,476
Net premiums/ contributions written	213,307	334,508
Changes in unearned premiums/ contributions	29,154	171,665
Net premiums/ contributions earned	184,153	162,843
Reinsurance/ retakaful commissions	3,554	3,194
Investment income from insurance/ takaful operations, net	3,231	3,255
Fees and other income from insurance/ takaful operations	187	1,710
Other non-operating income from insurance/ takaful operations	633
Total income from insurance/ takaful operations	191,758	171,002
Cost and expenses [abstract]
Net claims/ benefits incurred [abstract]
Net claims/ benefits paid [abstract]
Gross claims/ benefits paid	160,657	148,395
Reinsurance/ retakaful share of gross claims/ benefits paid	4,472	6,635
Net claims/ benefits paid	156,185	141,760
Changes in outstanding claims/ benefits including IBNR	-6,675	-15,563
Net claims/ benefits incurred	149,510	126,197
Policy acquisition costs	19,051	14,749
General and administrative expenses, insurance/ takaful operations	27,153	27,975
Other cost and expenses	-5,057	-2,111
Total cost and expenses	190,657	166,810
Surplus (deficit) for period from insurance/ takaful operations	1,101	4,192
Shareholders appropriation from insurance/ takaful operations surplus (deficit)	991	3,773
Net result for period from insurance/ takaful operations after shareholders appropriation	110	419
Policyholders share of accumulated surplus, at end of period	110	419

Start Date	2020-01-01	2019-01-01
End Date	2020-03-31	2019-03-31
Statement of shareholders operations [abstract]
Profit (loss) [abstract]
Income (loss) from continuing operations [abstract]
Shareholders appropriation of surplus (deficit) transferred from insurance/ takaful operations	991	3,773
Revenue [abstract]
Investment income	3,225	2,988
Total revenue	3,225	2,988
Expenses [abstract]
General and administrative expenses, shareholders operations	223	188
Total expenses	223	188
Income (loss) from continuing operations before zakat and income tax	3,993	6,573
Zakat expenses on continuing operations for period	3,300	3,300
Profit (loss) from continuing operations	693	3,273
Profit (loss) for the period	693	3,273
Profit (loss), attributable to [abstract]
Profit (loss), attributable to saudi shareholders of company	693	3,273
Earnings per share [abstract]
Basic earnings (loss) per share [abstract]
Basic earnings (loss) per share from continuing operations	0.0139	0.0655
Total basic earnings (loss) per share	0.0139	0.0655
Weighted average number of equity shares outstanding	50000	50000

Start Date	2020-01-01	2019-01-01
End Date	2020-03-31	2019-03-31
Statement of other comprehensive income, before tax [abstract]
Net result for period from insurance/ takaful operations after shareholders appropriation	110	419
Other comprehensive income [abstract]
Components of other comprehensive income that will not be reclassified to profit or loss [abstract]
Gains (losses) on revaluation of property and equipment	0	0
Total other comprehensive income that will not be reclassified to profit or loss	0	0
Components of other comprehensive income that will be reclassified to profit or loss [abstract]
Cash flow hedges [abstract]
Gains (losses) on cash flow hedges, net	0	0
Total other comprehensive income (loss), cash flow hedges	0	0
Hedges of net investment in foreign operations [abstract]
Other comprehensive income, hedges of net investment in foreign operations	0	0
Total other comprehensive income (loss), hedges of net investment in foreign operations	0	0
Other comprehensive gains (losses) that will be reclassified to profit or loss	0	0
Total other comprehensive income (loss), that will be reclassified to profit or loss	0	0
Total other comprehensive income (loss)	0	0
Total comprehensive income (loss) for period	110	419

Start Date	2020-01-01	2019-01-01
End Date	2020-03-31	2019-03-31
Statement of other comprehensive income, before tax [abstract]
Statement of comprehensive income [abstract]
Profit (loss) for the period	693	3,273
Other comprehensive income [abstract]
Components of other comprehensive income that will be reclassified to profit or loss [abstract]
Available-for-sale financial assets [abstract]
Gains (losses) on remeasuring available-for-sale financial assets	388	316
Total other comprehensive income (loss), available-for-sale financial assets	388	316
Total other comprehensive income (loss), that will be reclassified to profit or loss	388	316
Total other comprehensive income (loss)	388	316
Total comprehensive income (loss) for period	1,081	3,589
Total comprehensive income (loss) attributable to [abstract]
Total comprehensive income (loss), attributable to saudi shareholders of company	1,081	3,589
Total comprehensive income (loss), attributable to non-saudi shareholders of company	0	0
Total comprehensive income (loss), attributable to non-controlling interests	0	0

Start Date	2020-01-01	2019-01-01
End Date	2020-03-31	2019-03-31
Statement of cash flows, indirect method [abstract]
Statement of cash flows, insurance/ takaful operations [abstract]
Cash flows from (used in) operating activities, insurance/ takaful operations [abstract]
Net result for period from insurance/ takaful operations after shareholders appropriation	110	419
Adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation
Adjustments for depreciation, insurance/ takaful operations cash flow	452	460
Adjustments for employees end of service benefits	900	741
Adjustments for allowance for doubtful receivables	-5,057	-2,111
Adjustments for impairment (reversal of impairment) charges for available-for-sale investments	0	115
Total adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation	-3,705	-795
Changes in operating assets and liabilities [abstract]
Adjustments for decrease (increase) in premium receivables, net	-50,656	-224,161
Adjustments for decrease (increase) in prepayments and other assets	-2,994	-1,839
Adjustments for increase (decrease) in outstanding claims including IBNR	429	-17,742
Adjustments for increase (decrease) in reinsurers/ retakaful balance payable	34,370	34,794
Adjustments for increase (decrease) in accrued expenses and other liabilities	8,099	25,756
Adjustments for decrease (increase) in reinsurers/ retakaful share of outstanding claims, net	-7,103	2,180
Adjustments for decrease (increase) in deferred policy acquisition costs	-615	-22,897
Adjustments for decrease (increase) in deferred excess of loss expense	-3,020	-2,887
Adjustments for decrease (increase) in unearned commission income	5,274	5,566
Adjustments for movement in gross unearned premiums/ contributions	51,376	195,927
Adjustments for reinsurance/ retakaful share of unearned premiums/ contributions	-22,222	-24,262
Adjustments for other changes in operating assets and liabilities, insurance/ takaful operations cash flow	-632
Total changes in operating assets and liabilities	12,306	-29,565
Net cash flows from (used in) insurance/ takaful operations	8,711	-29,941
Other inflows (outflows) of cash classified as operating activities, insurance/ takaful operations cash flow	-109	-243
Net cash flows from (used in) operating activities, insurance/ takaful operations	8,602	-30,184
Cash flows from (used in) investing activities, insurance/ takaful operations [abstract]
Time (Murabaha) deposits, insurance/ takaful operations cash flow	-40,000	349
Purchase of property and equipment, insurance/ takaful operations cash flow	89	134
Net cash flows from (used in) investing activities, insurance/ takaful operations	-40,089	215
Cash flows from (used in) financing activities, insurance/ takaful operations [abstract]
Adjustments for decrease (increase) in due from shareholders operations	-27,647	7,774
Due to related party, insurance/ takaful operations cash flow	0	-7,891
Net cash flows from (used in) financing activities, insurance/ takaful operations	-27,647	15,665
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-59,134	-14,304
Net increase (decrease) in cash and cash equivalents	-59,134	-14,304
Cash and cash equivalents at beginning of period	98,970	66,352
Cash and cash equivalents at end of period	39,836	52,048
Non-cash supplemental information, insurance/ takaful operations [abstract]
Operational cash flows from interest and dividends [abstract]
Interest paid, insurance/ takaful operations	0	0

Start Date	2020-01-01	2019-01-01
End Date	2020-03-31	2019-03-31
Statement of cash flows, indirect method [abstract]
Statement of cash flows [abstract]
Cash flows from (used in) operating activities [abstract]
Net profit (loss) for period [abstract]
Income (loss) from continuing operations before zakat and income tax	3,993	6,573
Net profit (loss) for period (before zakat expenses and income tax)	3,993	6,573
Adjustments to reconcile profit (loss) [abstract]
Adjustments for impairment (reversal of impairment) charges for investments, shareholders cash flow	0	-808
Other adjustments for non-cash items	0	0
Total adjustments to reconcile profit (loss)	0	-808
Changes in operating assets and liabilities [abstract]
Adjustments for increase (decrease) in accrued expenses and other liabilities, shareholders cash flow	0	2
Adjustments for increase (decrease) in due to insurance/ takaful operations	27,647	-7,774
Adjustments for decrease (increase) in prepayments and other assets, shareholders assets	-2,666	2,547
Total changes in operating assets and liabilities	24,981	-5,225
Net cash flows from (used in) operations	28,974	540
Zakat expenses	0	1
Net cash flows from (used in) operating activities	28,974	539
Cash flows from (used in) investing activities [abstract]
Purchase of available-for-sale investments	1,302	0
Purchase of term deposits investments	20,206	-150,000
Net cash flows from (used in) investing activities	-21,508	150,000
Cash flows from (used in) financing activities [abstract]
Proceeds from issuing shares	0	0
Due to reinsurance/ retakaful operations	0	0
Net cash flows from (used in) financing activities	0	0
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	7,466	150,539
Net increase (decrease) in cash and cash equivalents	7,466	150,539
Cash and cash equivalents at beginning of period	71,300	47,791
Cash and cash equivalents at end of period	78,766	198,330

[400100] Notes forming part of accounts

English [member]

Note No.

Start Date

2020-01-01

End Date

2020-03-31

Notes forming part of accounts [line items]

Disclosure of notes and other explanatory information [text block]

Disclosure of general information about reporting entity [abstract]

Disclosure of general information about reporting entity [text block]

1	ORGANIZATION AND PRINCIPAL ACTIVITIES

Malath Cooperative Insurance Company (the “Company”) is a Saudi Joint Stock Company established in Riyadh, Kingdom of Saudi Arabia by Royal Decree Number M/60 and incorporated on 21 Rabi Al-Awal 1428H corresponding to 9 April 2007 under Commercial Registration No. 1010231787. The Company’s head office is situated at Mohammad Bin Abdelaziz Street, P.O. Box 99763, Riyadh 11625, and Kingdom of Saudi Arabia.




The objectives of the Company are to engage in providing insurance and related services in accordance with its by-laws and the applicable regulations in the Kingdom of Saudi Arabia.

Disclosure of basis of preparation of financial statements [text block]

2	BASIS OF PREPARATION

(a)	Basis of presentation and measurement
These interim condensed financial statements (interim condensed financial information) of the Company as at and for the period ended 31 March 2020 have been prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (“IAS 34”), as endorsed in the Kingdom of Saudi Arabia by Saudi Organisation for Certified Public Accountants (SOCPA).




The financial statements of the Company as at and for the period and year ended 31 March 2019 and 31 December 2018, respectively, were originally prepared in compliance with the IAS 34 and the International Financial Reporting Standards (“IFRS”) respectively, as modified by SAMA for the accounting of zakat and income tax (relating to the application of IAS 12 – “Income Taxes” and IFRIC 21 – “Levies” so far as these relate to zakat and income tax).




During July 2019, SAMA instructed the insurance companies in the Kingdom of Saudi Arabia to account for the zakat and income taxes in the statement of income. This aligns with the IFRS and its interpretations as issued by the International Accounting Standards Board (“IASB”) and as endorsed in the Kingdom of Saudi Arabia and with the other standards and pronouncements that are issued by the Saudi Organisation for Certified Public Accountants (“SOCPA”) (collectively referred to as “IFRS as endorsed in KSA”).





Accordingly, the Company changed its accounting treatment for zakat by retrospectively adjusting the impact in line with International Accounting Standard 8 'Accounting Policies, Changes in Accounting Estimates and Errors' (as disclosed in note 3) and the effects of this change are disclosed in note 19 to the interim condensed financial statements.



These interim condensed financial statements are prepared under the going concern concept and the historical cost convention, except for the measurement at fair value of available-for-sale investments and employees' end of service benefits measured at present value of future obligations using projected unit credit method. The Company’s interim condensed statement of financial position is not presented using a current/non-current classification. However, the following balances would generally be classified as non-current: Available-for-sale investments, Property and equipment, Statutory deposit, Accrued income on statutory deposit, Employees' end-of-service benefits and Accrued commission income payable to SAMA. All other financial statement line items balances would generally be classified as current. The Company presents its interim condensed statement of financial position in order of liquidity. As required by the Law on Supervision of Co-operative Insurance Companies, the Company maintains separate books of accounts for Insurance Operations and Shareholders’ Operations and presents the interim condensed financial statements accordingly (Note 18). Assets, liabilities, revenues and expenses clearly attributable to either activity are recorded in the respective accounts. The basis of allocation of expenses from joint operations is determined and approved by the management and the Board of Directors.














The interim condensed statement of financial position, interim condensed statements of income, comprehensive income and cash flows of the insurance operations and shareholders operations which are presented in Note 18 of the interim condensed financial statements have been provided as supplementary financial information to comply with the requirements of the guidelines issued by SAMA implementing regulations and is not required under IFRSs as endorsed in KSA. SAMA implementing regulations requires the clear segregation of the assets, liabilities, income and expenses of the insurance operations and the shareholders operations. Accordingly, the interim condensed statements of financial position, interim condensed statements of income, interim condensed statement of comprehensive income and interim condensed statement of cash flows prepared for the insurance operations and shareholders operations as referred to above, reflect only the assets, liabilities, income, expenses and comprehensive gains or losses of the respective operations.

Disclosure of accounting framework used in preparation of financial statements [text block]

(a)	Basis of presentation and measurement
These interim condensed financial statements (interim condensed financial information) of the Company as at and for the period ended 31 March 2020 have been prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (“IAS 34”), as endorsed in the Kingdom of Saudi Arabia by Saudi Organisation for Certified Public Accountants (SOCPA).




The financial statements of the Company as at and for the period and year ended 31 March 2019 and 31 December 2018, respectively, were originally prepared in compliance with the IAS 34 and the International Financial Reporting Standards (“IFRS”) respectively, as modified by SAMA for the accounting of zakat and income tax (relating to the application of IAS 12 – “Income Taxes” and IFRIC 21 – “Levies” so far as these relate to zakat and income tax).




During July 2019, SAMA instructed the insurance companies in the Kingdom of Saudi Arabia to account for the zakat and income taxes in the statement of income. This aligns with the IFRS and its interpretations as issued by the International Accounting Standards Board (“IASB”) and as endorsed in the Kingdom of Saudi Arabia and with the other standards and pronouncements that are issued by the Saudi Organisation for Certified Public Accountants (“SOCPA”) (collectively referred to as “IFRS as endorsed in KSA”).

Disclosure of critical accounting judgements, estimates and assumptions, general [text block]

Disclosure of functional and presentation currency [text block]

Disclosure of summary of significant accounting policies [abstract]

Disclosure of summary of significant accounting policies, general comment [text block]

Description of accounting policy for cash and cash equivalents [text block]

Description of accounting policy for premiums/ contributions and insurance/ reinsurance or takaful/ retakaful balance receivables [text block]

Description of accounting policy for statutory reserve [text block]

Description of accounting policy for zakat [text block]

Description of accounting policy for segment reporting [text block]

Description of accounting policy for time (murabaha) deposit [text block]

Disclosure of notes forming part of accounts [abstract]

Disclosure of investments in available-for-sale investments [text block]

Disclosure of classes of share capital [text block]

Disclosure of technical reserve for insurance/takaful/reinsurance/retakaful operations [text block]

Disclosure of earnings per share [text block]

Disclosure of related party transactions [text block]

Disclosure of capital management [text block]

Disclosure of commitments and contingencies, general [text block]

Disclosure of fair value of financial assets and liabilities [text block]

Disclosure of comparative figures [text block]

Disclosure of board of director's approval of the financial statements [text block]

[100010] Filing information	[200100] Independent auditors report	[300100] Statement of financial position, order of liquidity
[300200] Statement of insurance/ takaful operations, nature of expense	[300300] Statement of shareholders operations, nature of expense	[300400] Statement of other comprehensive income, before tax, insurance operations
[300500] Statement of other comprehensive income, before tax, shareholders operations	[300600] Statement of cash flows, indirect method, insurance operations	[300700] Statement of cash flows, indirect method, shareholders operations
[300800] Statement of changes in equity	[400100] Notes forming part of accounts