	English [member]
Start Date	2021-07-01	2020-07-01
End Date	2021-09-30	2020-09-30
Filing information [line items]
Disclosure of entity information [abstract]
Name of reporting entity	Gulf Union Alahlia Cooperative Insurance Co.
Company symbol code\| ISIN code	8120 \| SA000A0MR898
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 3
Reporting period start date	2021-07-01	2020-07-01
Reporting period end date	2021-09-30	2020-09-30
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	Actuals

	Primary auditor [member]	Second primary auditor [member]
	English [member]	English [member]
Start Date	2021-07-01	2021-07-01
End Date	2021-09-30	2021-09-30
Auditors information [line items]
Details of auditors signing report [abstract]
Name of auditor signing report	Ali H. Al Basri	Mohammed Farhan Bin Nader
Registration number of auditor	409	435
Details of audit firm [abstract]
Name of audit firm	PricewaterhouseCoopers	Allied Accountants Professional Services Company
Address of audit firm	P.O. Box 467Dhahran Airport 31932Kingdom of Saudi Arabia	P.O. Box 12333Riyadh 8335Kingdom of Saudi Arabia

	English [member]
Start Date	2021-07-01
End Date	2021-09-30
Auditors report [line items]
Disclosures of auditors report [text block]	Report on review of interim condensed financial informationTo the shareholders of Gulf Union Alahlia Cooperative Insurance Company:(A Saudi Joint Stock Company)IntroductionWe have reviewed the accompanying interim condensed statement of financial position of Gulf Union Alahlia Cooperative Insurance Company (the “Company”) as of September 30, 2021 and the related interim condensed statements of income and comprehensive income for the three-month and nine-month periods then ended and the interim condensed statements of changes in equity and cash flows for the nine-month period ended September 30, 2021 and other explanatory notes. Management is responsible for the preparation and presentation of this interim condensed financial information in accordance with International Accounting Standard 34 - “Interim Financial Reporting” (“IAS 34”), as endorsed in the Kingdom of Saudi Arabia. Our responsibility is to express a conclusion on this interim condensed financial information based on our review. Scope of reviewWe conducted our review in accordance with International Standard on Review Engagements 2410, “Review of interim financial information performed by the independent auditor of the entity”, as endorsed in the Kingdom of Saudi Arabia. A review of interim financial information 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, as 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.ConclusionBased 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.Emphasis of matterWe draw attention to Note 1 to the accompanying interim condensed financial information, which details communications received by the Company from the Saudi Central Bank (“SAMA”) regarding its solvency margin falling below the minimum requirement under the Implementing Regulations of the Cooperative Insurance Companies Control Law (the “Regulations”) and the requirement to address the solvency margin as per the Regulations. The Company has communicated its planned rectification measures to SAMA, including the recommendation of the Board of Directors to the shareholders of the Company, subsequent to the reporting period, to increase the share capital of the Company through a rights issue. Therefore, the Company’s compliance with minimum solvency margin requirements, as per the Regulations, is dependent on the successful execution and favourable outcome of these planned rectification measures. These events and conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. Our conclusion is not modified in respect of this matter.
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.
Material uncertainty related to going concern	We draw attention to Note 1 to the accompanying interim condensed financial information, which details communications received by the Company from the Saudi Central Bank (“SAMA”) regarding its solvency margin falling below the minimum requirement under the Implementing Regulations of the Cooperative Insurance Companies Control Law (the “Regulations”) and the requirement to address the solvency margin as per the Regulations. The Company has communicated its planned rectification measures to SAMA, including the recommendation of the Board of Directors to the shareholders of the Company, subsequent to the reporting period, to increase the share capital of the Company through a rights issue. Therefore, the Company’s compliance with minimum solvency margin requirements, as per the Regulations, is dependent on the successful execution and favourable outcome of these planned rectification measures. These events and conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. Our conclusion is not modified in respect of this matter.
Date of signing audit report by auditor	2021-11-10

Start Date	2021-01-01	2020-01-01	2020-01-01	Note No.
End Date	2021-09-30	2020-12-31	2020-09-30
Statement of financial position [abstract]
Assets [abstract]
Insurance/ takaful operations assets [abstract]
Property and equipment, net, insurance/ takaful operations assets	9,022,355	10,770,393	7,033,438
Due from related parties, insurance/ takaful operations assets	6,866,466	8,311,277	7,030,430	14
Deferred policy acquisition costs	19,932,815	29,474,599	20,149,401
Reinsurers/ retakaful share of unearned premiums/ contributions	43,976,825	36,474,798	34,243,709	9
Prepayments and other assets, insurance/ takaful operations assets	42,485,921	26,355,272	13,591,709
Premiums/ insurance receivables/takaful contributions receivable, net	148,907,472	206,568,729	163,266,154	8
Reinsurers/ retakaful share of outstanding claims/ benefits, net	49,553,093	48,489,107	30,866,537	9
Time (Murabaha) deposits, insurance/ takaful operations assets	0	86,516,962	56,428,875	7
Deferred excess of loss premiums	1,853,815	0	1,217,946
Available-for-sale investments, insurance/ takaful operations assets	124,646,204	109,187,954	48,949,877	10
Investments held at fair value through statement of income, insurance/ takaful operations assets	14,933,044	5,002,013	5,002,013	10
Cash and cash equivalents, insurance/ takaful operations assets	47,579,216	67,852,194	134,942,160	6
Reinsurers/ retakaful share of mathematical reserves	22,011,404	20,062,991	19,273,461	9
Other assets, insurance/ takaful operations assets	20,913,920	21,385,518	11,744,086
Total insurance/ takaful operations assets	552,682,550	676,451,807	553,739,796
Shareholders assets [abstract]
Investments held-to-maturity, shareholders assets	149,169,189	142,869,247	130,432,453	10
Goodwill	103,786,750	103,786,750	0	5
Statutory deposit	42,160,003	60,434,152	26,482,199
Prepayments and other assets, shareholders assets	3,704,788	4,466,093	1,479,349
Time (Murabaha) deposits, shareholders assets	40,033,333	40,053,779	0	7
Cash and cash equivalents, shareholders assets	73,367,136	111,655,835	486,772	6
Total shareholders assets	412,221,199	463,265,856	158,880,773
Total assets	964,903,749	1,139,717,663	712,620,569
Liabilities and equity [abstract]
Insurance/ takaful operations liabilities and surplus (deficit) [abstract]
Insurance/ takaful operations liabilities [abstract]
Gross unearned premiums/ contributions	256,253,197	375,588,801	249,445,211	9
Unearned commission income	10,104,201	8,825,885	7,749,294
Employees end of service benefits, insurance/ takaful operations liabilities	18,597,245	20,659,103	16,167,099
Surplus distribution payable	13,748,722	13,748,722	12,278,026
Technical reserve for insurance/takaful operations	14,166,805	11,211,593	5,583,578	9
Reinsurers/ retakaful balance payable	11,395,597	15,379,852	13,856,012
Gross outstanding claims/ benefits including IBNR payable	323,803,691	275,640,474	184,950,639	9
Other technical reserves	18,568,923	11,295,391	0	9
Accrued expenses payable, insurance/ takaful operations liabilities	24,979,416	27,125,666	18,581,124
Other liabilities, insurance/ takaful operations	97,209,676	79,608,988	58,405,571
Total insurance/ takaful operations liabilities	788,827,473	839,084,475	567,016,554
Total insurance/ takaful operations liabilities and surplus (deficit)	788,827,473	839,084,475	567,016,554
Shareholders liabilities and equity [abstract]
Shareholders liabilities [abstract]
Zakat payable	20,072,948	19,958,958	825,291	15
Accrued expenses payable, shareholders liabilities	352,460	779,764	40,000
Other liabilities, shareholders liabilities	7,738,807	7,562,956	3,982,199
Total shareholders liabilities	28,164,215	28,301,678	4,847,490
Shareholders equity [abstract]
Equity attributable to owners of parent [abstract]
Share capital	229,474,640	229,474,640	150,000,000	16
Share premium	0	89,488,445	0	4,1
Statutory reserve	4,885,691	4,885,691	4,885,691	17
Fair value reserve on investments, shareholders equity	8,461,776	10,227,790	11,322,245
Retained earnings (accumulated losses)	-92,706,985	-59,541,995	-22,345,951
Other reserves	-2,203,061	-2,203,061	-3,105,460
Total equity attributable to owners of parent	147,912,061	272,331,510	140,756,525
Total equity attributable to equity holders of company	147,912,061	272,331,510	140,756,525
Total shareholders liabilities and equity	176,076,276	300,633,188	145,604,015
Total insurance/ takaful operations liabilities, surplus (deficit) and shareholders liabilities and equity	964,903,749	1,139,717,663	712,620,569

Start Date	2021-07-01	2020-07-01	2021-01-01	2020-01-01	Note No.
End Date	2021-09-30	2020-09-30	2021-09-30	2020-09-30
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	116,378,946	156,914,833	421,672,124	383,026,602	13
Excess of loss expense	5,232,101	7,942,168	18,664,391	10,378,061
Reinsurance/ retakaful premiums ceded	20,846,771	14,630,182	81,387,713	66,308,765
Net premiums/ contributions written	90,300,074	134,342,483	321,620,020	306,339,776
Changes in unearned premiums/ contributions	-53,154,277	25,022,995	-119,335,604	-8,067,589	9
Reinsurance/ retakaful share of unearned premiums/ contributions	3,266,522	6,697,190	-7,502,027	5,375,379	9
Net premiums/ contributions earned	140,187,829	102,622,298	448,457,651	309,031,986
Reinsurance/ retakaful commissions	5,152,174	4,756,764	16,779,431	16,131,549
Investment income from insurance/ takaful operations, net	1,994,489	1,149,789	4,808,785	4,815,519
Fees and other income from insurance/ takaful operations	90,080	46,390	289,498	157,301
Other non-operating income from insurance/ takaful operations	4,657,631	3,749,839	7,281,782	8,942,140
Total income from insurance/ takaful operations	152,082,203	112,325,080	477,617,147	339,078,495
Cost and expenses [abstract]
Net claims/ benefits incurred [abstract]
Net claims/ benefits paid [abstract]
Gross claims/ benefits paid	150,955,094	111,971,364	473,598,765	276,414,950	13
Reinsurance/ retakaful share of gross claims/ benefits paid	23,468,547	16,278,519	59,510,095	45,129,691
Net claims/ benefits paid	127,486,547	95,692,845	414,088,670	231,285,259
Changes in outstanding claims/ benefits including IBNR	14,477,276	13,493,027	48,163,217	12,564,856	9
Changes in reinsurance/ retakaful share of outstanding claims/ benefits	1,900,839	-4,129,642	-3,012,399	-128,035	9
Changes in other technical reserves	-9,203,883	-9,402,104	10,228,744	-4,889,662	9
Net claims/ benefits incurred	134,660,779	95,654,126	469,468,232	238,832,418
Policy acquisition costs	13,112,353	10,541,082	41,251,529	29,676,858
General and administrative expenses, insurance/ takaful operations	21,064,557	20,750,494	81,084,827	64,257,327
Other underwriting expenses	3,903,434	173,705	7,703,129	1,744,110
Other cost and expenses	-1,560,485	-5,255,505	5,343,931	10,302,940	14,8
Total cost and expenses	171,180,638	121,863,902	604,851,648	344,813,653
Surplus (deficit) for period from insurance/ takaful operations	-19,098,435	-9,538,822	-127,234,501	-5,735,158
Shareholders appropriation from insurance/ takaful operations surplus (deficit)	-19,098,435	-9,538,822	-127,234,501	-5,735,158
Net result for period from insurance/ takaful operations after shareholders appropriation	0	0	0	0
Policyholders share of accumulated surplus, at end of period	0	0	0	0

Start Date	2021-07-01	2020-07-01	2021-01-01	2020-01-01	Note No.
End Date	2021-09-30	2020-09-30	2021-09-30	2020-09-30
Statement of shareholders operations [abstract]
Profit (loss) [abstract]
Income (loss) from continuing operations [abstract]
Shareholders appropriation of surplus (deficit) transferred from insurance/ takaful operations	-19,098,435	-9,538,822	-127,234,501	-5,735,158
Revenue [abstract]
Investment income	2,617,031	1,023,074	8,525,079	2,957,518
Total revenue	2,617,031	1,023,074	8,525,079	2,957,518
Expenses [abstract]
General and administrative expenses, shareholders operations	574,106	1,664,253	1,944,013	2,902,885
Total expenses	574,106	1,664,253	1,944,013	2,902,885
Income (loss) from continuing operations before zakat and income tax	-17,055,510	-10,180,001	-120,653,435	-5,680,525
Zakat expenses on continuing operations for period	0	1,384,884	2,000,000	2,700,524	15
Profit (loss) from continuing operations	-17,055,510	-11,564,885	-122,653,435	-8,381,049
Profit (loss) for the period	-17,055,510	-11,564,885	-122,653,435	-8,381,049
Profit (loss), attributable to [abstract]
Profit (loss), attributable to saudi shareholders of company	-16,165,212.378	-10,961,198.003	-116,250,925.693	-7,943,558.2422
Profit (loss), attributable to non-saudi shareholders of company	-890,297.622	-603,686.997	-6,402,509.307	-437,490.7578
Earnings per share [abstract]
Basic earnings (loss) per share [abstract]
Basic earnings (loss) per share from continuing operations	-0.74	-0.77	-5.34	-0.56
Total basic earnings (loss) per share	-0.74	-0.77	-5.34	-0.56	19

Start Date	2021-07-01	2020-07-01	2021-01-01	2020-01-01
End Date	2021-09-30	2020-09-30	2021-09-30	2020-09-30
Statement of other comprehensive income, before tax [abstract]
Net result for period from insurance/ takaful operations after shareholders appropriation	0	0	0	0
Total comprehensive income (loss) for period	0	0	0	0

Start Date	2021-07-01	2020-07-01	2021-01-01	2020-01-01	Note No.
End Date	2021-09-30	2020-09-30	2021-09-30	2020-09-30
Statement of other comprehensive income, before tax [abstract]
Statement of comprehensive income [abstract]
Profit (loss) for the period	-17,055,510	-11,564,885	-122,653,435	-8,381,049
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	-4,462,629	2,309,611	-1,766,014	4,595,424	10
Total other comprehensive income (loss), available-for-sale financial assets	-4,462,629	2,309,611	-1,766,014	4,595,424
Other comprehensive gains (losses) that will be reclassified to profit or loss				39,457
Total other comprehensive income (loss), that will be reclassified to profit or loss	-4,462,629	2,309,611	-1,766,014	4,634,881
Total other comprehensive income (loss)	-4,462,629	2,309,611	-1,766,014	4,634,881
Total comprehensive income (loss) for period	-21,518,139	-9,255,274	-124,419,449	-3,746,168
Total comprehensive income (loss) attributable to [abstract]
Total comprehensive income (loss), attributable to saudi shareholders of company	-20,394,892.1442	-8,772,148.6972	-117,924,753.7622	-3,550,618.0304
Total comprehensive income (loss), attributable to non-saudi shareholders of company	-1,123,246.8558	-483,125.3028	-6,494,695.2378	-195,549.9696

Start Date	2021-01-01	2020-01-01
End Date	2021-09-30	2020-09-30
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	0	0
Adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation
Adjustments for depreciation, insurance/ takaful operations cash flow	1,928,661	1,056,783
Adjustments for (gains) losses on disposal of investments held as fair value through statement of income	-4,808,785	-4,815,519
Adjustments for employees end of service benefits	847,802	2,111,783
Adjustments for allowance for doubtful receivables	5,124,271	10,111,084
Other adjustments to reconcile net income to net cash from insurance/ takaful operating activities	3,469,180	2,357,377
Total adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation	6,561,129	10,821,508
Changes in operating assets and liabilities [abstract]
Adjustments for decrease (increase) in premium receivables, net	53,981,797	11,765,330
Adjustments for decrease (increase) in prepayments and other assets	-21,683,928	3,447,232
Adjustments for increase (decrease) in outstanding claims including IBNR	48,163,217	12,564,856
Adjustments for increase (decrease) in reinsurers/ retakaful balance payable	-3,984,255	9,916,719
Adjustments for increase (decrease) in accrued expenses and other liabilities	-2,146,250	220,030
Adjustments for decrease (increase) in reinsurers/ retakaful share of outstanding claims, net	-1,063,986	-4,143,416
Adjustments for decrease (increase) in deferred policy acquisition costs	9,541,784	-604,066
Adjustments for decrease (increase) in deferred excess of loss expense	-1,714,499	-1,217,946
Adjustments for decrease (increase) in unearned commission income	1,278,316	-1,931,085
Adjustments for movement in gross unearned premiums/ contributions	-119,335,604	-8,067,589
Adjustments for reinsurance/ retakaful share of unearned premiums/ contributions	-7,502,027	5,375,379
Adjustment for changes in other technical reserves	8,280,331	-874,281
Adjustments for other changes in operating assets and liabilities, insurance/ takaful operations cash flow	14,684,426	3,690,605
Total changes in operating assets and liabilities	-21,500,678	30,141,768
Net cash flows from (used in) insurance/ takaful operations	-14,939,549	40,963,276
Net cash flows from (used in) operating activities, insurance/ takaful operations	-14,939,549	40,963,276
Cash flows from (used in) investing activities, insurance/ takaful operations [abstract]
Time (Murabaha) deposits, insurance/ takaful operations cash flow	0	-184,413,383
Proceeds from sales of available-for-sale investments, insurance/ takaful operations cash flow	86,516,962	240,472,794
Purchase of available-for-sale investments, insurance/ takaful operations cash flow	19,288,091	10,000,000
Purchase of held-to-maturity investments, insurance/ takaful operations cash flow	9,931,031	5,000,000
Proceeds from sales of property and equipment, insurance/ takaful operations cash flow	468,264	0
Purchase of property and equipment, insurance/ takaful operations cash flow	401,645	1,877,023
Other inflows (outflows) of cash classified as investing activities, insurance/ takaful operations cash flow	1,518,526	1,722,382
Net cash flows from (used in) investing activities, insurance/ takaful operations	58,882,985	40,904,770
Cash flows from (used in) financing activities, insurance/ takaful operations [abstract]
Adjustments for decrease (increase) in due from shareholders operations	-64,132,414	-9,084,264
Other inflows (outflows) of cash classified as financing activities, insurance/ takaful operations cash flow	-84,000	-2,236,000
Net cash flows from (used in) financing activities, insurance/ takaful operations	-64,216,414	-11,320,264
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-20,272,978	70,547,782
Net increase (decrease) in cash and cash equivalents	-20,272,978	70,547,782
Cash and cash equivalents at beginning of period	67,852,194	64,394,378
Cash and cash equivalents at end of period	47,579,216	134,942,160

Start Date	2021-01-01	2020-01-01
End Date	2021-09-30	2020-09-30
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	-120,653,435	-5,680,525
Net profit (loss) for period (before zakat expenses and income tax)	-120,653,435	-5,680,525
Adjustments to reconcile profit (loss) [abstract]
Adjustments for losses (gains) on disposal of investments	0	53,381
Adjustments for realised loss (gain) on available-for-sale investments, shareholders cash flow	-8,525,079	-3,010,899
Total adjustments to reconcile profit (loss)	-8,525,079	-2,957,518
Changes in operating assets and liabilities [abstract]
Adjustments for increase (decrease) in accrued expenses and other liabilities, shareholders cash flow	-427,304	0
Adjustments for decrease (increase) in prepayments and other assets, shareholders assets	5,824,756	-55,933
Total changes in operating assets and liabilities	5,397,452	-55,933
Net cash flows from (used in) operations	-123,781,062	-8,693,976
Zakat expenses	1,886,010	4,645,002
Net cash flows from (used in) operating activities	-125,667,072	-13,338,978
Cash flows from (used in) investing activities [abstract]
Proceeds from sales of investments	40,053,779	9,530,080
Proceeds from investments held at fair value through statement of income	9,011,628	3,448,364
Purchase of available-for-sale investments	10,000,000	15,436,583
Proceeds from disposal of available-for-sale investments	5,763,885	13,187,500
Purchase of term deposits investments	40,033,333	0
Acquistion of murabaha/ time deposits		8,456,250
Other inflows (outflows) of cash	18,450,000
Net cash flows from (used in) investing activities	23,245,959	2,273,111
Cash flows from (used in) financing activities [abstract]
Other inflows (outflows) of cash	64,132,414	9,084,264
Net cash flows from (used in) financing activities	64,132,414	9,084,264
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-38,288,699	-1,981,603
Net increase (decrease) in cash and cash equivalents	-38,288,699	-1,981,603
Cash and cash equivalents at beginning of period	111,655,835	2,468,375
Cash and cash equivalents at end of period	73,367,136	486,772

[400100] Notes forming part of accounts

	English [member]	Note No.
Start Date	2021-07-01
End Date	2021-09-30
Notes forming part of accounts [line items]
Disclosure of notes and other explanatory information [text block]	20. Supplementary information Interim condensed statement of financial position September 30, 2021 (Unaudited) December 31, 2020 (Audited) Insurance operations Shareholders’ operations Total Insurance operations Shareholders’ operations TotalASSETS Cash and cash equivalents 47,579,216 73,367,136 120,946,352 67,852,194 111,655,835 179,508,029 Short-term deposits - - - 86,516,962 40,053,779 126,570,741 Premiums and reinsurers’ receivable - net 148,907,472 - 148,907,472 206,568,729 - 206,568,729Premiums receivable - related parties - net 6,866,466 - 6,866,466 8,311,277 - 8,311,277 Reinsurers’ share of unearned premiums 43,976,825 - 43,976,825 36,474,798 - 36,474,798 Reinsurers’ share of outstanding claims 49,553,093 - 49,553,093 48,489,107 - 48,489,107 Reinsurers’ share of claims incurred but not reported 22,011,404 - 22,011,404 20,062,991 - 20,062,991 Deferred policy acquisition costs 19,932,815 - 19,932,815 29,474,599 - 29,474,599 Deferred excess of loss premiums 1,853,815 - 1,853,815 - - -Investments 139,579,248 149,169,189 288,748,437 114,189,967 142,869,247 257,059,214 Prepaid expenses and other assets 42,485,921 3,704,788 46,190,709 26,355,272 4,466,093 30,821,365Long term deposits - 40,033,333 40,033,333 - - -Property and equipment 9,022,355 - 9,022,355 10,770,393 - 10,770,393 Right-of-use assets 7,841,168 - 7,841,168 9,278,773 - 9,278,773 Intangible assets 13,072,752 - 13,072,752 12,106,745 - 12,106,745 Goodwill - 103,786,750 103,786,750 - 103,786,750 103,786,750Statutory deposit - 34,421,196 34,421,196 - 52,871,196 52,871,196 Accrued income on statutory deposit - 7,738,807 7,738,807 - 7,562,956 7,562,956 Due from shareholders’ operations 235,986,448 - 235,986,448 166,304,034 - 166,304,034TOTAL ASSETS 788,668,998 412,221,199 1,200,890,197 842,755,841 463,265,856 1,306,021,697Less: inter-operations elimination (235,986,448) - (235,986,448) (166,304,034) - (166,304,034)TOTAL ASSETS 552,682,550 412,221,199 964,903,749 676,451,807 463,265,856 1,139,717,663 (continued) 20. Supplementary information (continued)Interim condensed statement of financial position (continued) September 30, 2021 (Unaudited) December 31, 2020 (Audited) Insurance operations Shareholders’ operations Total Insurance operations Shareholders’ operations TotalLIABILITIES Accounts payable 89,702,302 - 89,702,302 72,108,216 - 72,108,216Accrued and other liabilities 24,979,416 352,460 25,331,876 27,125,666 779,764 27,905,430Reinsurers' balances payable 11,395,597 - 11,395,597 15,379,852 - 15,379,852Unearned premiums 256,253,197 - 256,253,197 375,588,801 - 375,588,801Unearned reinsurance commission 10,104,201 - 10,104,201 8,825,885 - 8,825,885Outstanding claims 110,061,286 - 110,061,286 104,742,560 - 104,742,560Claims incurred but not reported 213,742,405 - 213,742,405 170,897,914 - 170,897,914Additional premium reserves 18,568,923 - 18,568,923 11,295,391 - 11,295,391Other technical reserves 14,166,805 - 14,166,805 11,211,593 - 11,211,593Lease liabilities 7,507,374 - 7,507,374 7,500,772 - 7,500,772Employee benefit obligations 18,597,245 - 18,597,245 20,659,103 - 20,659,103Zakat and income tax - 20,072,948 20,072,948 - 19,958,958 19,958,958Surplus distribution payable 13,748,722 - 13,748,722 13,748,722 - 13,748,722Accrued income payable to SAMA - 7,738,807 7,738,807 - 7,562,956 7,562,956Due to insurance operations - 235,986,448 235,986,448 - 166,304,034 166,304,034TOTAL LIABILITIES 788,827,473 264,150,663 1,052,978,136 839,084,475 194,605,712 1,033,690,187Less: inter-operations elimination - (235,986,448) (235,986,448) - (166,304,034) (166,304,034)TOTAL LIABILITIES 788,827,473 28,164,215 816,991,688 839,084,475 28,301,678 867,386,153 EQUITY Share capital - 229,474,640 229,474,640 - 229,474,640 229,474,640Share premium - - - - 89,488,445 89,488,445Statutory reserve - 4,885,691 4,885,691 - 4,885,691 4,885,691Accumulated losses - (92,706,985) (92,706,985) - (59,541,995) (59,541,995)Remeasurement reserve of employee benefit obligations (2,203,061) - (2,203,061) (2,203,061) - (2,203,061)Fair value reserve on investments 2,044,586 6,417,190 8,461,776 5,874,427 4,353,363 10,227,790TOTAL EQUITY (158,475) 148,070,536 147,912,061 3,671,366 268,660,144 272,331,510TOTAL LIABILITIES AND EQUITY 788,668,998 176,234,751 964,903,749 842,755,841 296,961,822 1,139,717,663 20. Supplementary information (continued)Interim condensed statement of income for the nine-month period ended September 30, 2021 (Unaudited) September 30, 2020 (Unaudited) Insurance operations Shareholders’ operations Total Insurance operations Shareholders’ operations TotalREVENUES Gross premiums written 421,672,124 - 421,672,124 383,026,602 - 383,026,602 Reinsurance premiums ceded: - Foreign (71,976,452) - (71,976,452) (57,190,725) - (57,190,725)- Local (9,411,261) - (9,411,261) (9,118,040) - (9,118,040)Excess of loss premiums: - Foreign (17,086,733) - (17,086,733) (10,013,429) - (10,013,429)- Local (1,577,658) - (1,577,658) (364,632) - (364,632)Net premiums written 321,620,020 - 321,620,020 306,339,776 - 306,339,776 Changes in unearned premiums 119,335,604 - 119,335,604 8,067,589 - 8,067,589 Changes in reinsurers’ share of unearned premiums 7,502,027 - 7,502,027 (5,375,379) - (5,375,379)Net premiums earned 448,457,651 - 448,457,651 309,031,986 - 309,031,986 Reinsurance commissions 16,779,431 - 16,779,431 16,131,549 - 16,131,549 Fee income from insurance 289,498 - 289,498 157,301 - 157,301 Total revenues 465,526,580 - 465,526,580 325,320,836 - 325,320,836 (continued) 20. Supplementary information (continued)Interim condensed statement of income for the nine-month period ended (continued) September 30, 2021 (Unaudited) September 30, 2020 (Unaudited) Insurance operations Shareholders’ operations Total Insurance operations Shareholders’ operations TotalUNDERWRITING COSTS AND EXPENSES Gross claims paid (461,979,710) - (461,979,710) (272,706,388) - (272,706,388)Reinsurers’ share of gross claims paid 59,510,095 - 59,510,095 45,129,691 - 45,129,691 Expenses incurred related to claims (11,619,055) - (11,619,055) (3,708,562) - (3,708,562) Net claims and other benefits paid (414,088,670) - (414,088,670) (231,285,259) - (231,285,259) Changes in outstanding claims (5,318,726) - (5,318,726) 2,548,067 - 2,548,067 Changes in reinsurers’ share of outstanding claims 1,063,986 - 1,063,986 4,143,416 - 4,143,416 Changes in claims incurred but not reported (42,844,491) - (42,844,491) (15,112,923) - (15,112,923)Changes in reinsurers’ share of claims incurred but not reported 1,948,413 - 1,948,413 (4,015,381) - (4,015,381)Net claims and other benefits incurred (459,239,488) - (459,239,488) (243,722,080) - (243,722,080) Policy acquisition costs (41,251,529) - (41,251,529) (29,676,858) - (29,676,858)Changes in additional premium reserves (7,273,532) - (7,273,532) 5,493,312 - 5,493,312Changes in other technical reserves (2,955,212) - (2,955,212) (603,650) - (603,650)Other underwriting expenses (7,703,129) - (7,703,129) (1,744,110) - (1,744,110)Total underwriting costs and expenses, net (518,422,890) - (518,422,890) (270,253,386) - (270,253,386)NET UNDERWRITING (LOSS) INCOME (52,896,310) - (52,896,310) 55,067,450 - 55,067,450 (continued) 20. Supplementary information (continued)Interim condensed statement of income for the nine-month period ended, (continued) September 30, 2021 (Unaudited) September 30, 2020 (Unaudited) Insurance operations Shareholders’ operations Total Insurance operations Shareholders’ operations TotalOTHER OPERATING (EXPENSES) INCOME Allowance for doubtful debts (5,124,271) - (5,124,271) (10,111,084) - (10,111,084)General and administrative expenses (81,084,827) (1,944,013) (83,028,840) (64,257,327) (2,902,885) (67,160,212)Investment and commission income – net 4,808,785 8,525,079 13,333,864 4,815,519 2,957,518 7,773,037 Finance costs on leases (219,660) - (219,660) (191,856) - (191,856)Other income 7,281,782 - 7,281,782 8,942,140 - 8,942,140 Total other operating (expenses) income, net (74,338,191) 6,581,066 (67,757,125) (60,802,608) 54,633 (60,747,975) Total (loss) income for the period before (deficit) surplus attribution, zakat and income tax (127,234,501) 6,581,066 (120,653,435) (5,735,158) 54,633 (5,680,525)Zakat expense - (2,000,000) (2,000,000) - (2,700,524) (2,700,524)Income tax expense - - - - - -Total (loss) income for the period attributable to the shareholders (127,234,501) 4,581,066 (122,653,435) (5,735,158) (2,645,891) (8,381,049)Deficit transferred to the shareholders’ operations 127,234,501 (127,234,501) - 5,735,158 (5,735,158) -Total loss for the period after transfer of deficit - (122,653,435) (122,653,435) - (8,381,049) (8,381,049)Weighted average number of outstanding shares 22,947,464 15,000,000Losses per share (expressed in Saudi Riyals per share) Basic losses per share (5.34) (0.56)Diluted losses per share (5.34) (0.56) 20. Supplementary information (continued)Interim condensed statement of comprehensive income for the nine-month period ended September 30, 2021 (Unaudited) September 30, 2020 (Unaudited) Insurance operations Shareholders’ operations Total Insurance operations Shareholders’ operations Total Total loss for the period after transfer of deficit - (122,653,435) (122,653,435) - (8,381,049) (8,381,049) Other comprehensive (loss) income: Items that will be reclassified to the interim condensed statement of income in subsequent periods Net change in fair value of available-for-sale investments (3,829,841) 2,063,827 (1,766,014) 4,524,111 150,227 4,674,338 Realized gain reclassified to interim condensed statement of income - - - - (39,457) (39,457) (3,829,841) 2,063,827 (1,766,014) 4,524,111 110,770 4,634,881Total comprehensive (loss) income for the period (3,829,841) (120,589,608) (124,419,449) 4,524,111 (8,270,279) (3,746,168) 20. Supplementary information (continued)Interim condensed statement of income for the three-month period ended September 30, 2021 (Unaudited) September 30, 2020 (Unaudited) Insurance operations Shareholders’ operations Total Insurance operations Shareholders’ operations TotalREVENUES Gross premiums written 116,378,946 - 116,378,946 156,914,833 - 156,914,833 Reinsurance premiums ceded: - Foreign (18,636,110) - (18,636,110) (12,664,062) - (12,664,062) - Local (2,210,661) - (2,210,661) (1,966,120) - (1,966,120)Excess of loss premiums: - Foreign (4,727,002) - (4,727,002) (7,820,624) - (7,820,624)- Local (505,099) - (505,099) (121,544) - (121,544)Net premiums written 90,300,074 - 90,300,074 134,342,483 - 134,342,483 Changes in unearned premiums 53,154,277 - 53,154,277 (25,022,995) - (25,022,995)Changes in reinsurers’ share of unearned premiums (3,266,522) - (3,266,522) (6,697,190) - (6,697,190)Net premiums earned 140,187,829 - 140,187,829 102,622,298 - 102,622,298 Reinsurance commissions 5,152,174 - 5,152,174 4,756,764 - 4,756,764 Fee income from insurance 90,080 - 90,080 46,390 - 46,390 Total revenues 145,430,083 - 145,430,083 107,425,452 - 107,425,452 UNDERWRITING COSTS AND EXPENSES Gross claims paid (147,129,947) - (147,129,947) (110,553,420) - (110,553,420)Reinsurers’ share of gross claims paid 23,468,547 - 23,468,547 16,278,519 - 16,278,519 Expenses incurred related to claims (3,825,147) - (3,825,147) (1,417,944) - (1,417,944)Net claims and other benefits paid (127,486,547) - (127,486,547) (95,692,845) - (95,692,845) Changes in outstanding claims 4,869,918 - 4,869,918 6,791,972 - 6,791,972 Changes in reinsurers’ share of outstanding claims (659,402) - (659,402) 3,644,885 - 3,644,885 Changes in claims incurred but not reported (19,347,194) - (19,347,194) (20,284,999) - (20,284,999)Changes in reinsurers’ share of claims incurred but not reported (1,241,437) - (1,241,437) 484,757 - 484,757 Net claims and other benefits incurred (143,864,662) - (143,864,662) (105,056,230) - (105,056,230) (continued) 20. Supplementary information (continued)Interim condensed statement of income for the three-month period ended (continued) September 30, 2021 (Unaudited) September 30, 2020 (Unaudited) Insurance operations Shareholders’ operations Total Insurance operations Shareholders’ operations TotalPolicy acquisition costs (13,112,353) - (13,112,353) (10,541,082) - (10,541,082)Changes in additional premium reserves 10,308,403 - 10,308,403 10,139,873 - 10,139,873Changes in other technical reserves (1,104,520) - (1,104,520) (737,769) - (737,769)Other underwriting expenses (3,903,434) - (3,903,434) (173,705) - (173,705)Total underwriting costs and expenses, net (151,676,566) - (151,676,566) (106,368,913) - (106,368,913)NET UNDERWRITING (LOSS) INCOME (6,246,483) - (6,246,483) 1,056,539 - 1,056,539 OTHER OPERATING (EXPENSES) INCOME Reversal of allowance for doubtful debts 1,633,164 - 1,633,164 5,313,794 - 5,313,794 General and administrative expenses (21,064,557) (574,106) (21,638,663) (20,750,494) (1,664,253) (22,414,747)Investment and commission income - net 1,994,489 2,617,031 4,611,520 1,149,789 1,023,074 2,172,863 Finance costs on leases (72,679) - (72,679) (58,289) - (58,289)Other income 4,657,631 - 4,657,631 3,749,839 - 3,749,839 Total other operating (expenses) income, net (12,851,952) 2,042,925 (10,809,027) (10,595,361) (641,179) (11,236,540) Total (loss) income for the period before (deficit)surplus attribution, zakat and income tax (19,098,435) 2,042,925 (17,055,510) (9,538,822) (641,179) (10,180,001)Surplus attributed to the insurance operations - - - - - -Total (loss) income for the period before zakat and income tax (19,098,435) 2,042,925 (17,055,510) (9,538,822) (641,179) (10,180,001)Zakat expense - - - - (1,384,884) (1,384,884)Income tax expense - - - - - -Total (loss) income for the period (19,098,435) 2,042,925 (17,055,510) (9,538,822) (2,026,063) (11,564,885) Deficit attributed to the shareholders’ operations 19,098,435 (19,098,435) - 9,538,822 (9,538,822) -Total loss for the period after transfer of deficit - (17,055,510) (17,055,510) - (11,564,885) (11,564,885)Weighted average number of outstanding shares 22,947,464 15,000,000 20. Supplementary information (continued)Interim condensed statement of comprehensive income for the three-month period ended September 30, 2021 (Unaudited) September 30, 2020 (Unaudited) Insurance operations Shareholders’ operations Total Insurance operations Shareholders’ operations Total Losses per share (expressed in Saudi Riyals per share) Basic losses per share (0.74) (0.77)Diluted losses per share (0.74) (0.77) Total loss for the period after transfer of deficit - (17,055,510) (17,055,510) - (11,564,885) (11,564,885) Other comprehensive (loss) income: Items that will be reclassified to the interim condensed statement of income in subsequent periods Net change in fair value of available-for-sale investments (4,144,728) (317,901) (4,462,629) 3,066,314 (756,703) 2,309,611 Total comprehensive (loss) income for the period (4,144,728) (17,373,411) (21,518,139) 3,066,314 (12,321,588) (9,255,274) 20. Supplementary information (continued)Interim condensed statement of cash flows for the nine-month period ended September 30, 2021 (Unaudited) September 30, 2020 (Unaudited) Insurance operations Shareholders’ operations Total Insurance operations Shareholders’ operations TotalCASH FLOWS FROM OPERATING ACTIVITIES Total loss for the period before surplus attribution, zakat and income tax - (120,653,435) (120,653,435) - (5,680,525) (5,680,525)Adjustments for non-cash items: Depreciation of property and equipment 1,928,661 - 1,928,661 1,056,783 - 1,056,783Amortization of intangible assets 1,940,973 - 1,940,973 1,378,136 - 1,378,136Depreciation of right-of-use assets 1,420,835 - 1,420,835 786,613 - 786,613Finance costs on leases 219,660 - 219,660 191,856 - 191,856Allowance for doubtful debts 5,124,271 - 5,124,271 10,111,084 - 10,111,084Investment and commission income (4,808,785) (8,525,079) (13,333,864) (4,815,519) (3,010,899) (7,826,418)Provision for employee benefit obligations 847,802 - 847,802 2,111,783 - 2,111,783Realized losses on disposals of available-for-sale investments - - - - 53,381 53,381(Gain) loss on termination of lease liabilities (112,288) - (112,288) 772 - 772 6,561,129 (129,178,514) (122,617,385) 10,821,508 (8,638,043) 2,183,465 Changes in operating assets and liabilities: Premiums and reinsurers’ receivable 52,536,986 - 52,536,986 8,978,415 - 8,978,415Premium receivables - related parties 1,444,811 - 1,444,811 2,786,915 - 2,786,915Reinsurers’ share of unearned premiums (7,502,027) - (7,502,027) 5,375,379 - 5,375,379Reinsurers’ share of outstanding claims (1,063,986) - (1,063,986) (4,143,416) - (4,143,416)Reinsurers’ share of claims incurred but not reported (1,948,413) - (1,948,413) 4,015,381 - 4,015,381 (continued) 20. Supplementary information (continued)Interim condensed statement of cash flows for the nine-month period ended (continued) September 30, 2021 (Unaudited) September 30, 2020 (Unaudited) Insurance operations Shareholders’ operations Total Insurance operations Shareholders’ operations Total Deferred policy acquisition costs 9,541,784 - 9,541,784 (604,066) - (604,066)Deferred excess of loss premiums (1,714,499) - (1,714,499) (1,217,946) - (1,217,946)Prepaid expenses and other assets (21,683,928) 5,824,756 (15,859,172) 3,447,232 (55,933) 3,391,299Accounts payable 17,594,086 - 17,594,086 5,230,659 - 5,230,659Accrued and other liabilities (2,146,250) (427,304) (2,573,554) 220,030 - 220,030Reinsurers' balances payable (3,984,255) - (3,984,255) 9,916,719 - 9,916,719Unearned premiums (119,335,604) - (119,335,604) (8,067,589) - (8,067,589)Unearned reinsurance commission 1,278,316 - 1,278,316 (1,931,085) - (1,931,085)Outstanding claims 5,318,726 - 5,318,726 (2,548,067) - (2,548,067)Claims incurred but not reported 42,844,491 - 42,844,491 15,112,923 - 15,112,923Additional premium reserves 7,273,532 - 7,273,532 (5,493,312) - (5,493,312)Other technical reserves 2,955,212 - 2,955,212 603,650 - 603,650Employee benefit obligations paid (2,909,660) - (2,909,660) (1,540,054) (1,540,054)Zakat and income tax paid - (1,886,010) (1,886,010) - (4,645,002) (4,645,002)Net cash (used in) generated from operating activities (14,939,549) (125,667,072) (140,606,621) 40,963,276 (13,338,978) 27,624,298 (continued) 20 Supplementary information (continued)Interim condensed statement of cash flows for the nine-month period ended (continued) September 30, 2021 (Unaudited) September 30, 2020 (Unaudited) Insurance operations Shareholders’operations Total Insurance operations Shareholders’ operations TotalCASH FLOWS FROM INVESTING ACTIVITIES Placement of short-term deposits - - - (184,413,383) (8,456,250) (192,869,633)Liquidations of short-term deposits 86,516,962 40,053,779 126,570,741 240,472,794 9,530,080 250,002,874Purchases of available-for-sale investments (19,288,091) (10,000,000) (29,288,091) (10,000,000) (15,436,583) (25,436,583)Purchase of held-to-maturity investments (9,931,031) - (9,931,031) (5,000,000) - (5,000,000)Placement of long-term deposits - (40,033,333) (40,033,333) - - -Proceeds from disposal of available-for-sale investments - - - - 7,312,500 7,312,500Proceeds from redemption of held-to-maturity investments - 5,763,885 5,763,885 3,541,665 5,875,000 9,416,665Investment and commission income received 4,672,748 9,011,628 13,684,376 1,465,896 3,448,364 4,914,260Payments for purchases of property and equipment (401,645) - (401,645) (1,877,023) - (1,877,023)Additions to intangible assets (3,154,222) - (3,154,222) (3,285,179) - (3,285,179)Proceeds from disposal of property and equipment 468,264 - 468,264 - - -Liquidation of statutory deposit - 18,450,000 18,450,000 - - -Net cash generated from investing activities 58,882,985 23,245,959 82,128,944 40,904,770 2,273,111 43,177,881 (continued) 20 Supplementary information (continued)Interim condensed statement of cash flows for the nine-month period ended (continued) September 30, 2021 (Unaudited) September 30, 2020 (Unaudited) Insurance operations Shareholders’ operations Total Insurance operations Shareholders’ operations Total CASH FLOWS FROM FINANCING ACTIVITIES Principal elements of lease payments (78,435) - (78,435) (2,051,268) - (2,051,268)Finance cost paid (5,565) - (5,565) (184,732) - (184,732)Due from / to shareholders’ operations (64,132,414) 64,132,414 - (9,084,264) 9,084,264 -Net cash (used in) generated from financing activities (64,216,414) 64,132,414 (84,000) (11,320,264) 9,084,264 (2,236,000)Net change in cash and cash equivalents (20,272,978) (38,288,699) (58,561,677) 70,547,782 (1,981,603) 68,566,179Cash and cash equivalents at the beginning of the period 67,852,194 111,655,835 179,508,029 64,394,378 2,468,375 66,862,753Cash and cash equivalents at end of the period 47,579,216 73,367,136 120,946,352 134,942,160 486,772 135,428,932Supplemental non-cash information: Net change in fair value reserve for available-for-sale investments (3,829,841) 2,063,827 (1,766,014) 4,524,111 110,770 4,634,881Right of-use-assets and lease liabilities - - - 301,226 - 301,226	20
Disclosure of general information about reporting entity [abstract]
Disclosure of general information about reporting entity [text block]	1. General information - legal status and principal activities Gulf Union Alahlia Cooperative Insurance Company (the “Company”) is a Saudi joint stock company registered on 13 Sha’aban 1428H (corresponding to August 26, 2007) under Commercial Registration (“CR”) number 2050056228. The Company’s principal place of business is in Dammam, Kingdom of Saudi Arabia.The purpose of the Company is to transact cooperative insurance operations and all related activities. Its principal lines of business include medical, motor, marine, fire and engineering insurance.On 2 Jumada II 1424H, (corresponding to July 31, 2003), the Law on the Supervision of Cooperative Insurance Companies (“Insurance Law”) was promulgated by Royal Decree Number (M/32). On 29 Shaban 1428 H, (corresponding to September 11, 2007), the Saudi Central Bank (“SAMA”), as the principal authority responsible for the application and administration of the Insurance Law and its Implementing Regulations, granted the Company a license to transact insurance activities in the Kingdom of Saudi Arabia. On 27 Jumada II 1435H, (corresponding to April 27, 2014), the Company received SAMA’s approval of its request to change its license of transacting insurance and reinsurance business to insurance business.The Company operates through six main branches and various point-of-sale stores located in the Kingdom of Saudi Arabia. Following are the CR numbers of the six branches:Branch type Location CR numberRegional branch Dammam 2050118944Regional branch Riyadh 1010247518Regional branch Jeddah 4030177933Regional branch Riyadh 1010238441Regional branch Al Khobar 2051048012Regional branch Jeddah 4030224075As at March 31, 2021, the Company had accumulated losses of Saudi Riyals 117.3 million which exceeded one half of its share capital. During the nine-month period ended September 30, 2021, in order to reduce the accumulated losses to less than one half of the share capital, the shareholders of the Company, in their meeting held on June 29, 2021, resolved to absorb the accumulated losses amounting to Saudi Riyals 89.5 million against the share premium.The total loss attributable to the shareholders of Saudi Riyals 122.6 million and net operating cash outflows of Saudi Riyals 140.6 million for the nine-month period ended September 30, 2021 are mainly attributable to the medical segment (Note 13). Management has formulated and implemented measures since the end of 2020, as approved by the Company’s Board of Directors, which include better pricing strategies for both corporate and small and medium enterprises medical policies, diversification of insurance portfolio and improvement in claims management processes, among others. Management expects that this will reflect positively in the operational results and cash flows for the remaining quarter of 2021 and such trend, evidenced by the reduction in losses in the preceding two quarters, as a result of corrective measures is expected to continue, provided that the underlying projections of the business and economic conditions continue to be realized.The Board of Directors, in their meeting held on 13 Rabi-ul-Awal 1443H (corresponding to October 19, 2021), resolved to recommend rights issue to its shareholders to increase the share capital of Company. 1. General information - legal status and principal activities (continued)The Company has not met the solvency margin requirements as required by the Implementing Regulations of the Cooperative Insurance Companies Control Law (the “Regulations”) since March 31, 2021 which has further deteriorated during the reporting periods ended June 30, 2021 and September 30, 2021. The Company received a letter from SAMA dated June 25, 2021 stating the Company’s deteriorating solvency margin and requiring the Company to submit its rectification measures according to Article 68 of the Regulations. In response to SAMA’s letter, the Company submitted its planned rectification measures and mentioned that the solvency margin was expected to be in line with the Regulations by the fourth quarter of 2021. The planned rectification measures proposed by the Company also include, amongst other things, the optimization of asset admissibility profile, improvement of premium payment warranty schemes, improvement in underwriting policies and processes, expansion of digital sales platforms, reduction in general and administrative expenses due to the synergies from the merger and improvement in claims management processes.On September 13, 2021, SAMA issued another letter to the Company to comply with the solvency margin requirement within the stipulated time period as specified in Article 68 of the Regulations and intimated that failure to do so will result in regulatory action in line with clause 2(d) of Article 68 of the Regulations. In response to such letter, the Company has stated that in addition to its planned rectification measures, it has prepared a business plan that reflects the planned rectification measures and includes a proposed increase in the share capital of the Company by way of a rights issue amounting to Saudi Riyals 229.5 million. Such proposed increase in share capital is planned to be achieved during the second quarter of 2022. As explained above, subsequent to the reporting date, on October 19, 2021, the Board of Directors approved the aforementioned business plan and recommended to the shareholders of the Company to increase the share capital through a rights issue which is subject to the approval of the relevant regulatory authorities and shareholders of the Company as of the date of approval of this interim condensed financial information.The success of the Company’s expectation to meet the solvency margin requirements is dependent on the favorable outcome of the planned rectification measures and subscription of the proposed rights issue, including obtaining required approvals from the relevant regulatory authorities and the shareholders of the Company. Management has performed an assessment of its going concern assumption and prepared this interim condensed financial information on a going concern basis. Based on the approved business plans of the Company, management believes that the Company will be able to continue its operations and meet its obligations as they fall due within the next 12 months. However, management’s assessment is based on a number of assumptions including, but not limited to, the favorable outcome of planned rectification measures, continuity of the underwriting licenses and obtaining all the required approvals from relevant regulatory authorities and the shareholders, as mentioned in the paragraphs above. Accordingly, these events and conditions indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. Shareholding percentageThe shareholding percentage of the Company at September 30, 2021 and December 31, 2020 was as follows: September 30, 2021 December 31, 2020Shareholding percentage subject to zakat 95% 95%Shareholding percentage subject to income tax 5% 5% 100% 100%	1
Disclosure of basis of preparation of financial statements [text block]	Basis of preparation(a) Statement of ComplianceThe interim condensed financial information of the Company has been prepared in accordance with ‘International Accounting Standard 34 - Interim Financial Reporting ("IAS 34") as endorsed in the Kingdom of Saudi Arabia and other standards and pronouncements issued by the Saudi Organization for Chartered and Professional Accountants (“SOCPA”).As required by the Saudi Arabian Insurance Regulations, the Company maintains separate books of accounts for insurance operations and shareholders’ operations and presents the financial information accordingly. Assets, liabilities, revenues and expenses clearly attributable to either activity is recorded in the respective accounts. The basis of allocation of expenses from joint operations is determined and approved by management of the Company and the Board of Directors.In accordance with the requirements of Implementing Regulation for Co-operative Insurance Companies (the “Regulations”) issued by SAMA and as per by-laws of the Company, shareholders of the Company are to receive 90% of the annual surplus from insurance operations and the policyholders are to receive the remaining 10%. Any deficit arising from insurance operations is transferred to the shareholders’ operations in full.The interim condensed statements of financial position, income, comprehensive income and cash flows of the insurance operations and shareholders’ operations are presented in Note 20 of the interim condensed financial information as supplementary financial information and to comply with the requirements of the guidelines issued by SAMA implementing regulations. 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, income, comprehensive income and 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.In preparing the Company’s financial information in compliance with IAS 34 as endorsed in the Kingdom of Saudi Arabia, the balances and transactions of the insurance operations are amalgamated and combined with those of the shareholders’ operations. Interoperation balances, transactions and unrealized gains or losses, if any, are eliminated in full during amalgamation. The accounting policies adopted for the insurance operations and shareholders’ operations are uniform for like transactions and events in similar circumstances.(b) Basis of measurement The interim condensed financial information is prepared under the historical cost convention, except as explained in the relevant accounting policies in the annual financial statements for the year ended December 31, 2020. 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 current: cash and cash equivalents, short-term deposits, premiums and reinsurers’ receivable - net, premiums receivable - related parties - net, deferred excess of loss premiums, prepaid expenses and other assets, accrued income on statutory deposit, accounts payable, accrued and other liabilities, zakat and income tax, surplus distribution payable, accrued income payable to SAMA, reinsurers’ share of outstanding claims, outstanding claims, claims incurred but not reported, additional premium reserves, other technical reserves and reinsurers’ share of claims incurred but not reported. The following balances would generally be classified as non-current: investments, goodwill property and equipment, right-of-use assets, intangible assets, statutory deposit, long term deposit and employee benefit obligations. The balances which are of mixed in nature i.e. include both current and non-current portions include reinsurers’ share of unearned premiums, deferred policy acquisition, unearned premiums, unearned reinsurance commission reinsurers' balances payable and lease liabilities. 2. Basis of preparation (continued)(c) Basis of presentationThe interim condensed financial information does not include all of the information required for full annual financial statements and should be read in conjunction with the annual financial statements for the year ended December 31, 2020.(d) Functional and presentation currencyThis interim condensed financial information is expressed in Saudi Arabian Riyals (“Saudi Riyals”) which is the functional and presentation currency of the Company.(e) Critical accounting judgments, estimates and assumptionsThe preparation of interim financial information requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expense. Actual results may differ from these estimates.In preparing this interim condensed financial information, the significant judgments made by management in applying the Company’s accounting policies and the key sources of estimation uncertainty including the risk management policies were the same as those that applied to the annual financial statements as at and for the year ended December 31, 2020.On March 11, 2020, the World Health Organization (“WHO”) declared the Coronavirus (“Covid-19”) outbreak as a pandemic in recognition of its rapid spread globally. This outbreak has also affected the GCC region including the Kingdom of Saudi Arabia. Governments all over the world have taken steps to contain the spread of Covid-19. The Kingdom of Saudi Arabia has implemented closure of borders, released social distancing guidelines and enforced country-wide lockdowns and curfews.In response to the spread of Covid-19 in the Kingdom of Saudi Arabia and its consequential disruption to social and economic activities, the Company’s management has assessed its impact on the Company’s operations and has taken a series of proactive and preventive measures to ensure:- the health and safety of its employees and the wider community where it is operating; and- the continuity of its business throughout the Kingdom of Saudi Arabia is protected and remains intact.Following are the accounting judgments and estimates that are critical in preparation of this interim condensed financial information:(i) Impact of Covid-19Medical technical reservesThe Company’s management believes that the Saudi Arabian government initiative of providing free healthcare to infected and suspected patients has helped in reducing any unfavourable impact. During the period of lockdowns and curfews as implemented by the Saudi Arabian government, the Company experienced a decline in medical reported claims (mainly elective and non-chronic treatment claims) which resulted in a decrease in claims experience which could have resulted from the deferral of certain medical treatments. Accordingly, the Company’s management has duly considered the impact of such deferral of medical claims in the current estimate of future contractual cashflows of the insurance contracts in force as at September 30, 2021 for its liability adequacy test. Based on the results, no additional reserves were recognised by the Company as of September 30, 2021 (December 31, 2020: Nil) for the issued medical policies to account for the above explained deferral. 2. Basis of preparation (continued)(e) Critical accounting judgments, estimates and assumptions (continued)Motor technical reservesIn response to the Covid-19 pandemic, SAMA issued a circular 189 (the “Circular”) dated May 8, 2020 to all insurance companies in the Kingdom of Saudi Arabia. Amongst other things, the Circular instructed the insurance companies to extend the period of validity of all existing retail motor insurance policies by two months as well as providing two months of additional coverage for all new retail motor insurance policies written within one month of the date of the Circular.Management, in conjunction with its appointed actuary, deliberated on a variety of internal factors and the Company prospectively assessed the sufficiency of its unexpired risk reserves in relation to those existing retail Motor policies impacted by the Circular. For new retail motor policies issued as per above circular, the premium is earned over the period of twelve months. The Company’s management has duly considered the impact of such existing and new retail motor policies impacted by the Circular in claims in the current estimate of future contractual cashflows of the insurance contracts in force as at September 30, 2021 for its liability adequacy test. Based on the assessment of the in-force policies as at September 30, 2021, performed by management, in conjunction with its appointed actuary, no additional premium deficiency reserves were recognised as at September 30, 2021 (December 31, 2020: 4.5 million).Financial assets - investments and loans and receivablesFor held-to-maturity investments and financial assets designated as loans and receivables, the Company has performed an assessment in accordance with its accounting policy due to the Covid-19 pandemic to determine whether there is objective evidence that a financial asset or group of financial assets is impaired. These include factors such as significant financial difficulties of issuers or debtors, default or delinquency in payments, probability that the issuer or debtor will enter bankruptcy or other financial reorganization etc. For available-for-sale investments, the Company has performed an assessment to determine whether there is a significant decline in the fair value of available-for-sale investments to below cost along with other qualitative factors such as prolonged decline in the value of investments for equity instruments and / or occurrence of a credit default event in case of debt instruments. Based on these assessments, the Company believes that the Covid-19 pandemic has had no material effect on the Company’s reported results for the nine-month period ended September 30, 2021. The Company continues to monitor the situation closely.(ii) Liability arising from claims under insurance contractsConsiderable judgement by management is required in the estimation of amounts due to policyholders arising from claims made under insurance policies. Such estimates are necessarily based on significant assumptions about several factors involving varying, and possible significant, degrees of judgement and uncertainty and actual results may differ from management’s estimates resulting in future changes in estimated liabilities.In particular, estimates have to be made both for the expected ultimate cost of claims reported at the reporting date and for the expected ultimate cost of claims incurred but not reported (“IBNR”) claims at the reporting date. The primary technique adopted by management in estimating the cost of notified and IBNR claims, is that of using past claim settlement trends to predict future claims settlement trends.Claims requiring court or arbitration decisions, if any, are estimated individually. Independent loss adjusters normally estimate property claims. Management reviews its provisions for claims incurred and claims incurred but not reported, on a quarterly basis. The Company is exposed to disputes with, and possibility of defaults by, its reinsurers. The Company monitors on a quarterly basis the evolution of disputes with and the strength of its reinsurers. 2. Basis of preparation (continued)(e) Critical accounting judgments, estimates and assumptions (continued)(iii) Impairment of premiums and reinsurers’ receivableAn estimate of the uncollectible amount of premiums receivable, if any, is made when collection of the full amount of the receivables as per the original terms of the insurance policy is no longer probable. For individually significant amounts, this estimation is performed on an individual basis. Amounts which are not individually significant, but which are past due, are assessed collectively and an allowance applied according to the length of time past due and Company’s past experience.(iv) Impairment of available-for-sale investmentsThe Company treats investments as impaired when there has been a significant or prolonged decline in the fair value below its cost or where other objective evidence of impairment exists. The determination of what is “significant” or “prolonged” requires considerable judgment. In addition, the Company evaluates other factors, including normal volatility in share price for quoted investments and the future cash flows and the discount factors for unquoted investments. (v) Right-of-use assets and lease liabilitiesThe lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the Company, the lessee’s incremental borrowing rate is used, being the rate that the Company would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions.(vi) Impairment testing of goodwillThe Company’s management tests, at each reporting date, whether goodwill arising on merger has suffered any impairment. This requires an estimation of the recoverable amount of the cash generating unit (“CGU”) to which goodwill has been allocated. The key assumptions used in determining the recoverable amounts are set out in Note 5.(f) Seasonality of operationsThere are no seasonal changes that may affect insurance operations of the Company. The interim results may not represent a proportionate share of the annual results due to cyclical variability in premiums and uncertainty of claims occurrences.The accounting policies, estimates and assumptions used in the preparation of this interim condensed financial information are consistent with those used in the preparation of the annual financial statements for the year ended December 31, 2020, except as explained below.	2
Disclosure of other general disclosures about reporting entity [text block]	21. Subsequent eventSubsequent to period ended September 30, 2021, the Board of Directors recommended to the shareholders of the Company to increase the share capital through a rights issue which is subject to the approval of the shareholders and relevant regulatory authorities.	21
Disclosure of summary of significant accounting policies [abstract]
Disclosure of summary of significant accounting policies, general comment [text block]	Significant accounting policies3.1 New standards, amendments and interpretations not yet applied by the Company- IFRS 9, ‘Financial Instruments’ (including amendments to IFRS 4, Insurance Contracts)In July 2014, the IASB published IFRS 9 Financial Instruments which will replace IAS 39 Financial Instruments: Recognition and Measurement. The standard incorporates new classification and measurements requirements for financial assets, the introduction of an expected credit loss impairment model which will replace the incurred loss model of IAS 39, and new hedge accounting requirements. IFRS 9 uses a single approach to determine whether a financial asset is measured at amortized cost, fair value through other comprehensive income or fair value through profit or loss. A financial asset is measured at amortized or at fair value through other comprehensive income, if certain conditions are met. Assets not meeting either of the above categories are measured at fair value through profit or loss. Additionally, at initial recognition, an entity can use the option to designate a financial asset at fair value through profit or loss if doing so eliminates or significantly reduces an accounting mismatch. For equity instruments that are not held for trading, an entity can also make an irrevocable election to present in other comprehensive income subsequent changes in the fair value of the instruments (including realized gains and losses), dividends being recognized in profit or loss. Additionally, for financial liabilities that are designated as at fair value through profit or loss, the amount of change in the fair value of the financial liability that is attributable to changes in the credit risk of that is recognized in other comprehensive income, unless the recognition of the effects of changes in the liability’s credit risk in other comprehensive income would create or enlarge an accounting mismatch in profit or loss. The impairment model under IFRS 9 reflects expected credit losses, as opposed to incurred credit losses under IAS 39. Under the IFRS 9 approach, it is no longer necessary for a credit event to have occurred before credit losses are recognized. Instead, an entity always accounts for expected credit losses and changes in those expected credit losses. The amount of expected credit losses is updated at each reporting date to reflect changes in credit risk since initial recognition. The hedge accounting requirements are more closely aligned with risk management practices and follow a more principle-based approach.In September 2016, the IASB published amendments to IFRS 4 Insurance Contracts that address the accounting consequences of the application of IFRS 9 to insurers prior to the publication of the forthcoming accounting standard for insurance contracts. The amendments introduce two options for insurers: the deferral approach and the overlay approach. The deferral approach provides an entity, if eligible, with a temporary exemption from applying IFRS 9 until the earlier of the effective date of a new insurance contract standard or 2023. The overlay approach allows an entity to remove from profit or loss the effects of some of the accounting mismatches that may occur before the new insurance contracts standard is applied.The Company is eligible and has chosen to apply the deferral approach under the amendments to IFRS 4. The impact of the adoption of IFRS 9 on the Company’s financial information will, to a large extent, have to take into account the interaction with the forthcoming insurance contracts standard. As such, it is not possible to fully assess the effect of the adoption of IFRS 9.For detailed impact assessment of IFRS 9 adoption, reference to the annual financial statements for the year ended December 31, 2020 should be made.- IFRS 17, ‘Insurance Contracts’Applicable for the period beginning on or after January 1, 2023 and will supersede IFRS 4. Earlier adoption is permitted if IFRS 9 has also been applied. The Company expects a material impact on measurement and disclosure of insurance and reinsurance contracts that will affect the interim condensed statements of financial position, income and comprehensive income. The Company has decided not to early adopt this new standard. 3. Significant accounting policies (continued)3.1 New standards, amendments and interpretations not yet applied by the Company (continued)- IFRS 17, ‘Insurance Contracts’ (continued)For detailed impact assessment of IFRS 17 adoption, reference to the annual financial statements for the year ended December 31, 2020 should be made.3.2 Risk managementThe Company’s activities expose it to variety of financial risks: market risk (including commission rate risk, currency risk and price risk), credit risk and liquidity risk.The interim condensed financial information does not include all financial risk management information and disclosures required in the annual financial statements and therefore should be read in conjunction with the Company’s annual financial statements for the year ended December 31, 2020. There have been no changes in the risk management department or in any risk management policies since the year end except that the Company has strengthened its credit risk management policies to address the fast changing and evolving risks posed by the current circumstances. These include review of credit concentrations at granular economic sector, region, counterparty level and take appropriate action where required.	3
Description of accounting policy for intangible assets and goodwill [text block]	5. Goodwill The goodwill arising from the merger is attributable to the expected synergies from combining the operations of the Company and Al Ahlia and cannot be assigned to any other determinable and separate provisional intangible asset. Goodwill is allocated to the Company as a single CGU, being the combined operations of the Company and Al Ahlia. Management’s judgment to allocate goodwill to the Company considered the broader reason for which acquisition was made, i.e. synergies from combining the operations. The Company tests the goodwill for impairment at each reporting date. For the impairment testing, management determines the recoverable amount of the CGU based on value-in-use calculations. These calculations require the use of estimates in relation to the future cash flows, based on the most recent five years’ approved business plan, and use of an appropriate discount rate applicable to the circumstances of the Company. Cash flows beyond the five-years period are extrapolated using the estimated growth rate stated below. This growth rate is consistent with the forecasts included in industry reports specific to the industry in which the CGU operates. The calculation of value in use is most sensitive to the assumptions of gross premiums written growth and average claims ratio. Key assumptions underlying the projections are:Key assumptions %Gross premiums written growth 17.9Average claims ratio 80.5Discount rate 11.5Terminal growth rate 2.0Sensitivity to the changes in assumptionsGross premiums written growth The gross premiums written growth in the forecast period has been estimated to be compound annual growth rate of 17.9%. If all other assumptions kept the same, a reduction of this growth rate from 17.9% to 11.0% would give a value in use equal to the current carrying amount.Average claims ratioThe average claims ratio in the forecast period has been estimated to be 80.5%. If all other assumptions kept the same, an increase of this ratio from 80.5% to 84.3% would give a value in use equal to the current carrying amount.With regard to the assessment of the value in use, management believes that no reasonably possible change in any of the other key assumptions above would cause the carrying value of CGU including goodwill to materially exceed its recoverable amount.	5
Description of accounting policy for segment reporting [text block]	13. Segmental informationOperating segments are identified on the basis of internal reports about components of the Company that are regularly reviewed by the Company’s Board of Directors in their function as chief operating decision maker in order to allocate resources to the segments and to assess its performance.There have been no changes to the basis of segmentation or the measurement basis for the segment profit or loss since December 31, 2020.Segment results do not include other underwriting expenses, general and administration expenses, allowances for doubtful debts, investment and commission income, realized gain (loss) on investments and other income.Segment assets do not include cash and cash equivalents, short term deposits, premiums and reinsurers’ receivable - net, premiums receivable - related parties, net, investments, prepaid expenses and other assets, long term deposits, property and equipment, right-of-use assets, intangible assets, goodwill, statutory deposit, accrued income on statutory deposit. Accordingly, they are included in unallocated assets. Segment liabilities do not include accounts payable, accrued and other liabilities, reinsurer’s balances payable, lease liabilities, employee benefit obligations, zakat and income tax, surplus distribution payable, accrued commission income payable to SAMA. Accordingly, they are included in unallocated liabilities.These unallocated assets and liabilities are not reported to chief operating decision maker under related segments and are monitored on a centralized basis.For management purposes, the Company is organized into business units based on their products and services and has the following reportable segments:- Medical;- Motor;- Property and casualty; and- Protection and savings.The segment information provided to the Company’s Board of Directors for the reportable segments for the Company’s total assets and liabilities as at September 30, 2021 and December 31, 2020 and its total revenues, expenses, and net loss for the three-month and nine-month periods ended September 30, 2021 and September 30, 2020, is as follows: 13. Segmental information (continued) Insurance operations September 30, 2021 (Unaudited) Medical Motor Property and casualty Protection and savings Total Shareholders’ operations TotalASSETS Reinsurers’ share of unearned premiums - 26,231,663 17,745,162 - 43,976,825 - 43,976,825Reinsurers’ share of outstanding claims 24,256 11,371,269 38,157,568 - 49,553,093 - 49,553,093Reinsurers’ share of claims incurred but not reported 8,829,143 5,225,286 7,956,975 - 22,011,404 - 22,011,404Deferred policy acquisition costs 8,932,979 7,205,254 3,794,582 - 19,932,815 - 19,932,815Deferred excess of loss premiums 875,000 681,294 297,521 - 1,853,815 - 1,853,815Segment assets 18,661,378 50,714,766 67,951,808 - 137,327,952 - 137,327,952Unallocated assets 415,354,598 412,221,199 827,575,797TOTAL ASSETS 552,682,550 412,221,199 964,903,749 Liabilities Unearned premiums 113,330,753 106,831,269 36,091,175 - 256,253,197 - 256,253,197Unearned reinsurance commission - 5,141,553 4,962,648 - 10,104,201 - 10,104,201Outstanding claims 24,046,007 20,558,679 65,456,600 - 110,061,286 - 110,061,286Claims incurred but not reported 149,814,646 43,609,405 20,318,354 - 213,742,405 - 213,742,405Additional premium reserves 18,568,923 - - - 18,568,923 - 18,568,923Other technical reserves 9,594,285 2,981,122 1,591,398 - 14,166,805 - 14,166,805Segment liabilities 315,354,614 179,122,028 128,420,175 - 622,896,817 - 622,896,817Unallocated liabilities and equity 165,772,181 176,234,751 342,006,932Total liabilities and equity 788,668,998 176,234,751 964,903,749 13. Segmental information (continued) Insurance operations December 31, 2020 (Audited) Medical Motor Property and casualty Protection and savings Total Shareholders’ operations TotalAssets Reinsurers’ share of unearned premiums - 16,855,455 19,619,343 - 36,474,798 - 36,474,798Reinsurers’ share of outstanding Claims 557,911 14,849,485 33,081,711 - 48,489,107 - 48,489,107Reinsurers’ share of claims incurred but not reported 6,500,809 5,034,535 8,527,647 - 20,062,991 - 20,062,991Deferred policy acquisition costs 17,797,650 7,239,163 4,437,786 - 29,474,599 - 29,474,599Segment assets 24,856,370 43,978,638 65,666,487 - 134,501,495 - 134,501,495Unallocated assets 541,950,312 463,265,856 1,005,216,168Total assets 676,451,807 463,265,856 1,139,717,663 Total liabilities Unearned premiums 225,562,240 107,129,290 42,897,271 - 375,588,801 - 375,588,801Unearned reinsurance commission - 3,082,613 5,743,272 - 8,825,885 - 8,825,885Outstanding claims 14,488,827 33,803,393 56,450,340 - 104,742,560 - 104,742,560Claims incurred but not reported 115,591,905 39,869,734 15,436,275 - 170,897,914 - 170,897,914Additional premium reserves 796,813 10,498,578 - - 11,295,391 - 11,295,391Other technical reserves 6,761,159 3,140,591 1,309,843 - 11,211,593 - 11,211,593Segment liabilities 363,200,944 197,524,199 121,837,001 682,562,144- 682,562,144Unallocated liabilities and equity 160,193,697 296,961,822 457,155,519Total liabilities and equity 842,755,841 296,961,822 1,139,717,663 13. Segmental information (continued)For the nine-month period ended September 30, 2021 (Unaudited) Insurance operations Medical Motor Property and casualty Protection and savings Total Shareholders’ operations TotalREVENUES Gross premiums written 189,006,979 169,311,360 63,353,785 - 421,672,124 - 421,672,124Reinsurance premiums ceded: - Foreign - (37,312,895) (34,663,557) - (71,976,452) - (71,976,452)- Local - (4,623,804) (4,787,457) - (9,411,261) - (9,411,261)Excess of loss premiums: - Foreign (13,113,997) (2,564,880) (1,407,856) - (17,086,733) - (17,086,733)- Local (1,050,000) (251,653) (276,005) - (1,577,658) - (1,577,658)Net premiums written 174,842,982 124,558,128 22,218,910 - 321,620,020 - 321,620,020 Changes in unearned premiums 112,231,486 298,022 6,806,096 - 119,335,604 - 119,335,604Changes in reinsurers’ share of unearned premiums - 9,376,209 (1,874,182) - 7,502,027 - 7,502,027Net premiums earned 287,074,468 134,232,359 27,150,824 - 448,457,651 - 448,457,651 Reinsurance commissions - 6,186,032 10,593,399 - 16,779,431 - 16,779,431Fee income from insurance 19,950 38,830 230,718 - 289,498 - 289,498 Total revenues 287,094,418 140,457,221 37,974,941 - 465,526,580 - 465,526,580 UNDERWRITING COSTS AND EXPENSES Gross claims paid (305,587,975) (142,586,322) (13,805,413) - (461,979,710) - (461,979,710)Reinsurers’ share of gross claims paid 23,090,659 29,908,564 6,510,872 - 59,510,095 - 59,510,095Expenses incurred related to claims (5,315,682) (6,303,373) - - (11,619,055) - (11,619,055)Net claims and other benefits paid (287,812,998) (118,981,131) (7,294,541) - (414,088,670) - (414,088,670) (continued)13. Segmental information (continued)For the nine-month period ended September 30, 2021 (Unaudited) (continued) Insurance operations Medical Motor Property and casualty Protection and savings Total Shareholders’ operations Total Changes in outstanding claims (9,557,180) 13,334,715 (9,096,261) - (5,318,726) - (5,318,726)Changes in reinsurers’ share of outstanding claims (533,657) (3,523,219) 5,120,862 - 1,063,986 - 1,063,986Changes in claims incurred but not reported (34,222,741) (3,739,671) (4,882,079) - (42,844,491) - (42,844,491)Changes in reinsurers’ share of claims incurred but not reported 2,328,334 190,751 (570,672) - 1,948,413 - 1,948,413Net claims and other benefits incurred (329,798,242) (112,718,555) (16,722,691) - (459,239,488) - (459,239,488) Policy acquisition costs (24,341,535) (11,424,040) (5,485,954) - (41,251,529) - (41,251,529)Changes in additional premium reserves (17,772,110) 10,498,578 - - (7,273,532) - (7,273,532)Changes in other technical reserves (2,833,126) 159,470 (281,556) - (2,955,212) - (2,955,212)Other underwriting expenses (535,798) (827,259) (6,340,072) - (7,703,129) - (7,703,129)Total underwriting costs and expenses, net (375,280,811) (114,311,806) (28,830,273) - (518,422,890) - (518,422,890)NET UNDERWRITING (LOSS) INCOME (88,186,393) 26,145,415 9,144,668 - (52,896,310) - (52,896,310) (continued) 13. Segmental information (continued) For the nine-month period ended September 30, 2021 (Unaudited) (continued) Insurance operations Medical Motor Property andcasualty Protection and savings Total Shareholders’ operations TotalOTHER OPERATING (EXPENSES) INCOME Allowance for doubtful debts (5,124,271) - (5,124,271)General and administrative expenses (81,084,827) (1,944,013) (83,028,840)Investment and commission income - net 4,808,785 8,525,079 13,333,864Finance costs on leases (219,660) - (219,660)Other income 7,281,782 - 7,281,782Total other operating (expenses) income, net (74,338,191) 6,581,066 (67,757,125) Total (loss) income for the period before (deficit) surplus attribution, zakat and income tax (127,234,501) 6,581,066 (120,653,435)Deficit attributed to the shareholders’ operations 127,234,501 (127,234,501) -Total loss for the period before zakat and income tax - (120,653,435) (120,653,435) Zakat expense - (2,000,000) (2,000,000)Income tax expense - - - Total loss for the period attributable to the shareholders - (122,653,435) (122,653,435) (continued) 13. Segmental information (continued)For the nine-month period ended September 30, 2020 (Unaudited) Insurance operations Medical Motor Property and casualty Protection and savings Total Shareholders’ operations TotalREVENUES Gross premiums written 256,912,551 77,313,358 48,800,693 - 383,026,602 - 383,026,602 Reinsurance premiums ceded: - Foreign - (25,662,576) (31,528,149) - (57,190,725) - (57,190,725)- Local - (4,461,348) (4,656,692) - (9,118,040) - (9,118,040)Excess of loss expenses: - Foreign (8,299,221) (1,022,289) (691,919) - (10,013,429) - (10,013,429)- Local - (208,770) (155,862) - (364,632) - (364,632)Net premiums written 248,613,330 45,958,375 11,768,071 - 306,339,776 - 306,339,776 Changes in unearned premiums (5,327,628) 8,902,473 4,492,744 - 8,067,589 - 8,067,589 Changes in reinsurers’ share of unearned premiums - (3,639,432) (1,735,947) - (5,375,379) - (5,375,379)Net premiums earned 243,285,702 51,221,416 14,524,868 - 309,031,986 - 309,031,986 Reinsurance commissions - 6,532,346 9,599,203 - 16,131,549 - 16,131,549 Fee income from insurance 26,750 36,621 93,930 - 157,301 - 157,301 TOTAL REVENUES 243,312,452 57,790,383 24,218,001 - 325,320,836 - 325,320,836 UNDERWRITING COSTS AND EXPENSES Gross claims paid (196,123,908) (72,385,323) (4,197,157) - (272,706,388) - (272,706,388)Reinsurers’ share of claims paid 13,415,103 28,938,513 2,776,075 - 45,129,691 - 45,129,691 Expenses incurred related to claims (3,708,562) - - - (3,708,562) - (3,708,562)Net claims and other benefits paid (186,417,367) (43,446,810) (1,421,082) - (231,285,259) - (231,285,259) (continued) 13. Segmental information (continued)For the nine-month period ended September 30, 2020 (Unaudited) (continued) Insurance operations Medical Motor Property and casualty Protection and savings Total Shareholders’ operations Total Changes in outstanding claims 11,571,040 (4,545,030) (4,477,943) - 2,548,067 - 2,548,067 Changes in reinsurers’ share of outstanding claims (1,495,819) 1,816,336 3,822,899 - 4,143,416 - 4,143,416 Changes in claims incurred but not reported (31,784,934) 15,632,688 1,039,323 - (15,112,923) - (15,112,923)Changes in reinsurers’ share of claims incurred but not reported 3,203,929 (6,392,525) (826,785) - (4,015,381) - (4,015,381)Net claims and other benefits incurred (204,923,151) (36,935,341) (1,863,588) - (243,722,080) - (243,722,080)Policy acquisition costs (18,912,552) (7,316,489) (3,447,817) - (29,676,858) - (29,676,858) Changes in additional premium reserves 2,953,141 2,540,171 - - 5,493,312 - 5,493,312Changes in other technical reserves (1,070,919) 479,121 (11,852) - (603,650) - (603,650)Other underwriting expenses (895,132) (401,445) (447,533) - (1,744,110) - (1,744,110)TOTAL UNDERWRITING COSTS AND EXPENSES, NET (222,848,613) (41,633,983) (5,770,790) - (270,253,386) - (270,253,386)NET UNDERWRITING INCOME 20,463,839 16,156,400 18,447,211 - 55,067,450 - 55,067,450 (continued) 13. Segmental information (continued)For the nine-month period ended September 30, 2020 (Unaudited) (continued) Insurance operations Medical Motor Property and casualty Protection and savings Total Shareholders’ operations TotalOTHER OPERATING (EXPENSES) INCOME Allowance for doubtful debts (10,111,084) - (10,111,084)General and administrative expenses (64,257,327) (2,902,885) (67,160,212)Investment and commission income 4,815,519 2,957,518 7,773,037 Finance costs on leases (191,856) - (191,856)Other income 8,942,140 - 8,942,140 Total other 0perating (expenses) income, net (60,802,608) 54,633 (60,747,975) Total (loss) income for the period before (deficit) surplus attribution, zakat and income tax (5,735,158) 54,633 (5,680,525)Deficit attributed to the shareholders’ operations 5,735,158 (5,735,158) -Total loss for the period before zakat and income tax - (5,680,525) (5,680,525) Zakat expense - (2,700,524) (2,700,524)Income tax expense - - - Total loss for the period attributable to the shareholders - (8,381,049) (8,381,049) 13. Segmental information (continued)Gross premiums written for the nine-month period ended September 30, 2021 can be categorised in the following client categories: Medical Motor Property and casualty Protection and savings Total Large corporates 34,457,134 57,850,123 34,659,900 - 126,967,157Medium corporates 15,740,724 90,664,337 15,768,549 - 122,173,610Small enterprises 50,175,262 14,871,667 5,061,762 - 70,108,691Micro enterprises 86,587,426 4,227,277 645,904 - 91,460,607Retail 2,046,433 1,697,956 7,217,670 - 10,962,059 189,006,979 169,311,360 63,353,785 - 421,672,124Gross premiums written for the three-month period ended September 30, 2021 can be categorized in following client categories: Medical Motor Property and casualty Protection and savings Total Large corporates 13,306,053 5,296,358 5,862,268 - 24,464,679Medium corporates 5,520,101 37,336,286 4,126,358 - 46,982,745Small enterprises 14,042,783 6,023,799 1,098,555 - 21,165,137Micro enterprises 18,355,672 604,731 270,828 - 19,231,231Retail 1,538,591 652,036 2,344,527 - 4,535,154 52,763,200 49,913,210 13,702,536 - 116,378,946 13. Segmental information (continued)Gross premiums written for the nine-month period ended September 30, 2020 can be categorised in the following client categories: Medical Motor Property and casualty Protection and savings Total Large corporates 25,057,151 28,282,289 30,487,602 - 83,827,042 Medium corporates 24,122,830 27,567,869 13,406,614 - 65,097,313 Small enterprises 16,520,138 7,403,262 4,226,862 - 28,150,262 Micro enterprises 49,184,907 6,688,777 650,700 - 56,524,384 Retail 142,027,525 7,371,161 28,915 - 149,427,601 256,912,551 77,313,358 48,800,693 - 383,026,602 Gross written premium for the three-month period ended September 30, 2020 can be categorized in following client categories: Medical Motor Property and casualty Protection and savings Total Large corporates 9,376,066 3,071,888 4,689,054 - 17,137,008 Medium corporates 6,368,433 14,187,169 3,187,278 - 23,742,880 Small enterprises 12,725,622 1,110,909 1,205,994 - 15,042,525 Micro enterprises 33,042,928 384,995 277,770 - 33,705,693 Retail 66,518,177 755,664 12,886 - 67,286,727 128,031,226 19,510,625 9,372,982 - 156,914,833 13. Segmental information (continued)For the three-month period ended September 30, 2021 (Unaudited) Insurance operations Medical Motor Property and casualty Protection and savings Total Shareholders’ operations TotalREVENUES Gross premiums written 52,763,200 49,913,210 13,702,536 - 116,378,946 - 116,378,946Reinsurance premiums ceded: - Foreign - (11,059,657) (7,576,453) - (18,636,110) - (18,636,110)- Local - (1,368,208) (842,453) - (2,210,661) - (2,210,661)Excess of loss premiums: - Foreign (3,617,632) (811,509) (297,861) - (4,727,002) - (4,727,002)- Local (350,000) (74,707) (80,392) - (505,099) - (505,099)Net premiums written 48,795,568 36,599,129 4,905,377 - 90,300,074 - 90,300,074 Changes in unearned premiums 38,538,771 8,367,310 6,248,196 - 53,154,277 - 53,154,277Changes in reinsurers’ share of unearned premiums - (65,112) (3,201,410) - (3,266,522) - (3,266,522)Net premiums earned 87,334,339 44,901,327 7,952,163 - 140,187,829 - 140,187,829Reinsurance commissions - 2,244,749 2,907,425 - 5,152,174 - 5,152,174Fee income from insurance 8,650 9,700 71,730 - 90,080 - 90,080Total revenues 87,342,989 47,155,776 10,931,318 - 145,430,083 - 145,430,083 UNDERWRITING COSTS AND EXPENSES Gross claims paid (90,526,926) (49,748,205) (6,854,816) - (147,129,947) - (147,129,947)Reinsurers’ share of gross claims paid 10,118,250 9,993,729 3,356,568 - 23,468,547 - 23,468,547Expenses incurred related to claims (2,324,978) (1,500,169) - - (3,825,147) - (3,825,147)Net claims and other benefits paid (82,733,654) (41,254,645) (3,498,248) - (127,486,547) - (127,486,547) (continued) 13. Segmental information (continued)For the three-month period ended September 30,2021 (Unaudited) (continued) Insurance operations Medical Motor Property and casualty Protection and savings Total Shareholders’ operations Total Changes in outstanding claims 3,826,580 3,745,674 (2,702,336) - 4,869,918 - 4,869,918Changes in reinsurers’ share of outstanding claims (29,430) (1,203,268) 573,296 - (659,402) - (659,402)Changes in claims incurred but not reported (17,805,134) (1,519,349) (22,711) - (19,347,194) - (19,347,194)Changes in rseinsurers’ share of claims incurred but not reported 1,191,242 (609,590) (1,823,089) - (1,241,437) - (1,241,437)Net claims and other benefits incurred (95,550,396) (40,841,178) (7,473,088) - (143,864,662) - (143,864,662) Policy acquisition costs (7,480,630) (3,903,062) (1,728,661) - (13,112,353) - (13,112,353)Changes in additional premium reserves 9,263,774 1,044,629 - - 10,308,403 - 10,308,403Changes in other technical reserves (1,082,858) 19,555 (41,217) - (1,104,520) - (1,104,520)Other underwriting expenses (81,468) 2,518,106 (6,340,072) - (3,903,434) - (3,903,434)Total underwriting costs and expenses, net (94,931,578) (41,161,950) (15,583,038) - (151,676,566) - (151,676,566)NET UNDERWRITING (LOSS) INCOME (7,588,589) 5,993,826 (4,651,720) - (6,246,483) - (6,246,483) (continued) 13. Segmental information (continued)For the three-month period ended September 30,2021 (Unaudited) (continued) Insurance operations Medical Motor Property and casualty Protection and savings Total Shareholders’ operations TotalOTHER OPERATING INCOME (EXPENSES) Reversal of allowance for doubtful debts 1,633,164 - 1,633,164General and administrative expenses (21,064,557) (574,106) (21,638,663)Investment and commission income - net 1,994,489 2,617,031 4,611,520Finance costs on leases (72,679) - (72,679)Other income 4,657,631 - 4,657,631Total other operating (loss) income, net (12,851,952) 2,042,925 (10,809,027)Total (loss) income for the period before (deficit) surplus attribution, zakat and income tax (19,098,435) 2,042,925 (17,055,510)Deficit attributed to the shareholders’ operations 19,098,435 (19,098,435) -Total loss for the period before zakat and income tax - (17,055,510) (17,055,510) Zakat expense - - -Income tax expense - - -Total loss for the period attributable to the shareholders - (17,055,510) (17,055,510) 13. Segmental information (continued)For the three-month period ended September 30, 2020 (Unaudited) Insurance operations Medical Motor Property and casualty Protection and savings Total Shareholders’ operations TotalRevenues Gross premiums written 128,031,226 19,510,625 9,372,982 - 156,914,833 - 156,914,833 Reinsurance premiums ceded: - Foreign - (6,635,814) (6,028,248) - (12,664,062) - (12,664,062)- Local - (1,168,436) (797,684) - (1,966,120) - (1,966,120) Excess of loss premiums: - Foreign (7,249,221) (340,763) (230,640) - (7,820,624) - (7,820,624) - Local - (69,590) (51,954) - (121,544) - (121,544) Net premiums written 120,782,005 11,296,022 2,264,456 - 134,342,483 - 134,342,483 Changes in unearned premiums (37,534,415) 6,861,396 5,650,024 - (25,022,995) - (25,022,995)Changes in reinsurers’ share of unearned premiums - (2,825,245) (3,871,945) - (6,697,190) - (6,697,190)Net premiums earned 83,247,590 15,332,173 4,042,535 - 102,622,298 - 102,622,298 Reinsurance commissions - 2,050,527 2,706,237 - 4,756,764 - 4,756,764 Fee income from insurance 10,550 8,980 26,860 - 46,390 - 46,390 Total revenues 83,258,140 17,391,680 6,775,632 - 107,425,452 - 107,425,452 UNDERWRITING COSTS AND EXPENSES Gross claims paid (88,977,541) (20,208,075) (1,367,804) - (110,553,420) - (110,553,420) Reinsurers’ share of gross claims paid 7,221,078 8,077,416 980,025 - 16,278,519 - 16,278,519 Expenses incurred related to claims (1,417,944) - - - (1,417,944) - (1,417,944)Net claims and other benefits paid (83,174,407) (12,130,659) (387,779) - (95,692,845) - (95,692,845) (continued)13. Segmental information (continued)For the three-month period ended September 30,2020 (Unaudited) (continued) Insurance operations Medical Motor Property and casualty Protection and savings Total Shareholders’ operations Total Changes in outstanding claims 13,009,537 (3,908,504) (2,309,061) - 6,791,972 - 6,791,972 Changes in reinsurers’ share of outstanding claims (94,742) 1,561,628 2,177,999 - 3,644,885 - 3,644,885 Changes in claims incurred but not reported (29,041,814) 6,351,123 2,405,692 - (20,284,999) - (20,284,999)Changes in reinsurers’ share of claims incurred but not reported 5,213,079 (2,636,372) (2,091,950) - 484,757 - 484,757 Net claims and other benefits incurred (94,088,347) (10,762,784) (205,099) - (105,056,230) - (105,056,230) Policy acquisition costs (7,042,456) (2,274,679) (1,223,947) - (10,541,082) - (10,541,082) Changes in additional premium reserves 7,828,933 2,310,940 - - 10,139,873 - 10,139,873Changes in other technical reserves (913,355) 160,626 14,960 - (737,769) - (737,769)Other underwriting expenses - - (173,705) - (173,705) - (173,705)Total underwriting costs and expenses, net (94,215,225) (10,565,897) (1,587,791) - (106,368,913) - (106,368,913) NET UNDERWRITING (LOSS) INCOME (10,957,085) 6,825,783 5,187,841 - 1,056,539 - 1,056,539 (continued) 13. Segmental information (continued)For the three-month period ended September 30,2020 (Unaudited) (continued) Insurance operations Medical Motor Property and casualty Protection and savings Total Shareholders’ operations TotalOTHER OPERATING INCOME (EXPENSES) Reversal of allowance for doubtful debts 5,313,794 - 5,313,794 General and administrative Expenses (20,750,494) (1,664,253) (22,414,747)Investment and commission Income - net 1,149,789 1,023,074 2,172,863 Finance costs on leases (58,289) - (58,289) Other income 3,749,839 - 3,749,839 Total other operating expenses, net (10,595,361) (641,179) (11,236,540) Total loss for the period before deficit attribution, zakat and income tax (9,538,822) (641,179) (10,180,001)Deficit attributed to the insurance operations 9,538,822 (9,538,822) -Total loss for the period before zakat and income tax - (10,180,001) (10,180,001) Zakat expense - (1,384,884) (1,384,884)Income tax expense - - -Total loss for the period attributable to the shareholders - (11,564,885) (11,564,885)	13
Description of accounting policy for time (murabaha) deposit [text block]	7. Short-term and long-term deposits Short-term deposits are placed with local banks and financial institutions with an original maturity of more than three months but less than or equal to twelve months from the date of placement. These deposits earn commission income at an average rate of 4.25% to 6% (December 31, 2020: 1.10% to 6%) per annum.	7
Disclosure of notes forming part of accounts [abstract]
Disclosure of business combinations [text block]	4. Business combination On 12 Shawwal 1441H (corresponding to June 4, 2020), the Company signed a binding merger agreement (the “Agreement”) with Al Ahlia Cooperative Insurance Company (“Al Ahlia”), operating as a Saudi joint stock company (licensed to transact cooperative insurance business across the Kingdom of Saudi Arabia). On 20 Dhul Hijja 1441H (August 10, 2020), the Company received SAMA’s approval for the merger with Al Ahlia. On 22 Muharram 1442H (September 10, 2020), the Company obtained the approval from the Capital Market Authority. Further, the Company’s and Al Ahlia’s shareholders approved the merger on 18 Safar 1442H (October 5, 2020) and 16 Rabi’ I 1442H (November 2, 2020), respectively. As per the Agreement, the effective date of the merger was 21 Rabi’ I 1442H (December 6, 2020) (the “Effective Date”). As at the Effective Date, the Company acquired all the issued shares of Al Ahlia by virtue of a share exchange offer by issuing one share in the Company for every 1.54766350624551 shares in Al Ahlia. This resulted in issuance of 7,947,464 new ordinary shares with a par value of Saudi Riyals 10 per share. The Company issued new shares by increasing its share capital from Saudi Riyals 150,000,000 to Saudi Riyals 229,474,640. The Company has accounted for the merger using the acquisition method under IFRS 3- Business Combination (“IFRS 3”) with the Company being the acquirer and Al Ahlia being the acquiree, based on the provisional fair values of the acquired net assets as at the Effective Date. The adjustments to the provisional values will be finalized within twelve months from the Effective Date as permitted by IFRS 3, as the Company will get a reasonable time to obtain the information necessary to identify and measure the net assets acquired. Subsequent to the Effective Date, Al Ahlia has been delisted from Tadawul, Saudi Stock Exchange and other legal formalities are currently in progress. This interim condensed financial information includes the results of Al Ahlia from the Effective Date. Purchase consideration The Company acquired all the issued shares of Al Ahlia by issuing one share in the Company for every 1.54766350624551 shares in Al Ahlia on the Effective Date. This resulted in issuance of 7,947,464 new shares of the Company to the shareholders of Al Ahlia at fair value (Saudi Riyal 21.26 per share), amounting to Saudi Riyals 168,963,085, as the purchase consideration. 4. Business combination (continued)Share capital and share premiumThe issuance of new shares, as mentioned in the preceding paragraph, resulted in an increase in the share capital of the Company by Saudi Riyals 79,474,640 (7,947,464 shares at par value of Saudi Riyals 10 per share) and recognition of share premium of Saudi Riyals 89,488,445, as at the Effective Date. Also see Note 1.The provisional fair values of net assets acquired as at the Effective Date are as follows: TotalASSETS Cash and cash equivalents 147,359,189Short-term deposits 40,368,219Premiums and reinsurers’ receivable - net 45,906,604Reinsurers’ share of unearned premiums 4,338,001Reinsurers’ share of outstanding claims 15,980,527Reinsurers’ share of claims incurred but not reported 1,528,473Deferred policy acquisition costs 7,540,381Investments 14,413,873Due from related parties 2,394,461Prepaid expenses and other assets 13,369,069Property and equipment 3,673,191Right-of-use assets 2,791,322Intangible assets 7,052,576Statutory deposit 24,000,000Accrued income on statutory deposit 3,515,288TOTAL ASSETS 334,231,174LIABILITIES Accounts payable 18,701,160Accrued and other liabilities 14,851,401Reinsurers’ balances payable 3,919,445Unearned premiums 107,975,551Unearned reinsurance commission 1,083,764Outstanding claims 36,792,956Claims incurred but not reported 40,751,611Additional premium reserves 14,247,658Other technical reserves 2,216,738Lease liabilities 1,321,462Employee benefit obligations 6,585,890Zakat and income tax 15,621,219Surplus distribution payable 1,470,696Accrued commission income payable to SAMA 3,515,288TOTAL LIABILITIES 269,054,839 Net identifiable assets 65,176,335 4. Business combination (continued)4.1 Goodwill recognised as at the Effective Date Purchase consideration 168,963,085Less: net identifiable assets acquired (65,176,335)Goodwill 103,786,750	4
Disclosure of investments [text block]	10. Investmentsa) Investments are classified as follows: Insurance operations Shareholders’ operations September 30, 2021 (Unaudited) December 31, 2020(Audited) September 30, 2021 (Unaudited) December 31, 2020(Audited)Available-for-sale 124,646,204 109,187,954 126,881,355 114,817,528Held-to-maturity 14,933,044 5,002,013 22,287,834 28,051,719 139,579,248 114,189,967 149,169,189 142,869,247b) Category wise investment analysis is as follows: Insurance operations Shareholders’ operations September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 (Unaudited) (Audited) (Unaudited) (Audited) Quoted 122,723,126 112,266,889 131,958,280 119,894,450Unquoted 16,856,122 1,923,078 17,210,909 22,974,797 139,579,248 114,189,967 149,169,189 142,869,247c) The analysis of the composition of investments is as follows: Insurance operations Shareholders’ operations September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 (Unaudited) (Audited) (Unaudited) (Audited) Mutual funds 18,448,058 19,138,912 38,985,053 25,365,082Ordinary shares 1,923,078 1,923,078 1,923,078 1,923,078Sukuks 119,208,112 93,127,977 108,261,058 115,581,087 139,579,248 114,189,967 149,169,189 142,869,247Management has performed a review of the impairment indicators for available-for-sale investments and based on specific information, management did not identify any impairment indicators in respect of the available-for-sale investments.All investments are denominated in Saudi Riyals and United States Dollars. As at the reporting date, investments amounting to Saudi Riyals 25.1 million were denominated in United States Dollars (December 31, 2020: Saudi Riyals 21.5 million). 10. Investments (continued)d) Movement in available-for-sale investments is as follows: Insurance operations Shareholders’ operations September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 (Unaudited) (Audited) (Unaudited) (Audited) At the beginning of the period / year 109,187,954 34,425,766 114,817,528 104,417,562Acquisitions during the period / year 19,288,091 75,291,548 10,000,000 15,436,583Additions from merger - - - 2,320,573Disposals during the period / year - (5,325,983) - (7,312,500)Unrealized (losses) gains (3,829,841) 4,796,623 2,063,827 48,148Realized gains (losses) on disposals - 1,264,888 - (53,381)Reclassified from equity to interim condensed statement of income - (1,264,888) - (39,457)At the end of period / year 124,646,204 109,187,954 126,881,355 114,817,528e) Movement in held-to-maturity investments is as follows: Insurance operations Shareholders’ operations September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 (Unaudited) (Audited) (Unaudited) (Audited) At the beginning of the period / year 5,002,013 11,250,084 28,051,719 16,002,013Transfer /acquisitions during the period / year 9,931,031 12,002,013 - 14,708,419Additions from merger - - - 12,093,300Redemption/disposals / transfer during the period / year - (18,250,084) (5,763,885) (14,752,013)At the end of period / year 14,933,044 5,002,013 22,287,834 28,051,719 10. Investments (continued)e) Movement in held-to-maturity investments is as follows (continued):Insurance operationsSecurity Issuer Maturity Location Profit margin Amortized cost September 30, 2021 (Unaudited) December 31, 2020(Audited)SEC - Sukuk SEC May 2022 Saudi Arabia 3.15% 5,002,013 5,002,013Islamic Leasing and Finance Fund 21 NBK Wealth Management August 2026 Saudi Arabia 6.0% 9,931,031 - 14,933,044 5,002,013Shareholders’ operationsSecurity Issuer Maturity Location Profit margin Amortized cost September 30, 2021 (Unaudited) December 31, 2020 (Audited)STC Sukuk STC September 2024 Saudi Arabia 2.49% 2,000,000 2,000,000Maaden phosphate company - Sukuks Maaden phosphate company Sukuks February 2025 Saudi Arabia 3.44% 5,000,000 5,000,000Sukuk Saudi Kuwait Finance House December 2021 Saudi Arabia 6 months SIBOR plus 7.50% 3,194,534 8,958,419Sukuk AlAwwal Energy Fund December 2028 Saudi Arabia SIBOR plus 8.2% 12,093,300 12,093,300 22,287,834 28,051,719g) Geographical concentration:The maximum exposure to credit and price risk for available-for-sale and held-to-maturity investments at the reporting date by geographic region is as follows: Insurance operations Shareholders’ operations September 30,2021 (Unaudited) December 31, 2020(Audited) September 30, 2021 (Unaudited) December 31, 2020(Audited) Kingdom of Saudi Arabia 135,790,060 114,189,967 127,831,228 121,359,120United Arab Emirates - - 10,777,304 10,906,559France - - 7,171,455 7,184,046Switzerland - - 3,389,202 3,419,522United Kingdom 3,789,188 - - - 139,579,248 114,189,967 149,169,189 142,869,247	10
Disclosure of premiums/ contributions and insurance/ reinsurance or takaful/ retakaful balance receivables [text block]	8. Premiums and reinsurers’ receivable - net September 30,2021(Unaudited) December 31, 2020(Audited) Premiums receivable from policyholders 147,218,484 197,986,057 Premiums receivable from brokers 38,515,976 36,557,633 Receivable from reinsurance companies 15,931,709 20,987,428 201,666,169 255,531,118Allowance for doubtful debts: - Receivable from policyholders (38,381,139) (37,890,232) - Receivable from brokers (9,039,960) (5,593,981) - Receivable from reinsurance companies (5,337,598) (5,478,176) (52,758,697) (48,962,389) 148,907,472 206,568,729Movement in the allowance for doubtful debts was as follows: September 30, 2021 December 31, 2020 (Unaudited) (Audited) At beginning of the period / year 48,962,389 43,787,305Charge for the period / year 4,678,105 7,618,928Write-off during the period / year (881,797) (2,443,844)At end of the period / year 52,758,697 48,962,389	8
Disclosure of cash and cash equivalents [text block]	6. Cash and cash equivalentsCash and cash equivalents included in the statement of cash flows comprise the following: Insurance operations Shareholders’ operations September30, 2021 December 31, 2020 September30,2021 December 31, 2020 (Unaudited) (Audited) (Unaudited) (Audited) Cash in hand 20,190 20,190 - -Cash at bank - current accounts 17,279,234 36,768,829 2,567,969 5,152,503Time deposits 30,279,792 31,063,175 70,799,167 106,503,332 47,579,216 67,852,194 73,367,136 111,655,835Cash at banks is placed with counterparties with sound credit ratings. As at September 30, 2021, deposits were placed with local banks with original maturities of less than three months from the date of placement and earned commission income at an average rate of 4.25% to 6% (December 31, 2020: 1.6% to 6%) per annum.	6
Disclosure of zakat [text block]	15. Zakat and income tax The Company has obtained zakat and income tax certificates from the Zakat, Tax and Customs Authority (“ZATCA”) for the years through 2020. In July 2020, the Company received zakat and income tax assessment for the year 2014 amounting to Saudi Riyals 7.1 million. The zakat differences as per the initial assessments were mainly due to the disallowances by ZATCA of certain balances related to outstanding claims, IBNR, accounts and reinsurance payable and amounts due to related parties from the zakat base. The Company filed an appeal against the ZATCA’s initial assessment and received an updated assessment amounting to Saudi Riyals 3.3 million. The Company has further filed an appeal to the Committee for Resolution of Tax Violations and Disputes and believes that the outcome of such appeal will be in favor of the Company. During 2020, the Company also received zakat and income tax assessment for the years 2015 through 2018 amounting to Saudi Riyals 10.25 million. The zakat differences as per the initial assessments were mainly due to the disallowances by ZATCA of certain balances related to term deposits and investments from the zakat base. The Company has recognised an additional provision amounting to Saudi Riyals 1.9 million under protest and paid such amount to ZATCA, and in parallel filed an appeal against the ZATCA’s initial assessment. During the nine-month period ended September 30, 2021, the Company received revised assessments for the years 2015 through 2018 with additional zakat liability of Saudi Riyals 8.36 million. The Company has filed an appeal with the Tax Violations and Disputes Resolution Committees against ZATCA’s revised assessment and believes that the outcome of such appeal will be in favor of the Company. Accordingly, no further provision for such additional assessments has been made in the accompanying financial statements. No provision for income tax was made for the six-month period ended September 30, 2021, due to adjusted net loss for such period.The Company’s zakat and income tax assessments for the years 2019 and 2020 are currently under review by the ZATCA. The zakat and income tax liability as computed by the Company could be different from zakat and income tax liability as assessed by the ZATCA for years for which assessments have not yet been raised by the ZATCA. In 2018, Al Ahlia received zakat and income tax assessments for the years 2011 and 2012 amounting toSaudi Riyals 2.1 million. Al Ahlia filed an appeal against the ZATCA’s assessment to General Secretariatof the Tax Committees (“GSTC”) for which the outcome is pending. Further, during 2020, Al Ahlia received zakat and income tax assessments for the years 2015 through 2018 amounting to Saudi Riyals 9.5 million against which Al Ahlia filed an appeal to the GSTC and the outcome is pending. The zakat differences as per the initial assessments for the years 2011, 2012 and 2015 through 2018 were mainly due to the disallowances by ZATCA of certain balances related to investments, statutory deposit and adjusted accumulated losses from the zakat base. Management believes that ZATCA will reconsider the initial assessments and will allow certain deductions from the zakat base in the final assessments. However, Al Ahlia’s management has submitted a settlement request to the ZATCA for all pending assessments with an amount of Saudi Riyals 7.8 million and is of the view that the level of the existing provisions for zakat is presently sufficient. Al Ahlia had obtained zakat and income tax certificates from the ZATCA for the years through 2019 and its zakat and income tax assessment for the year 2019 is currently under review by the ZATCA.	15
Disclosure of statutory reserve [text block]	17. Statutory reserveIn accordance with By-laws of the Company and Article 70(2)(g) of the Insurance Implementing Regulations issued by SAMA, the Company is required to transfer not less than 20% of its annual profits, after adjusting accumulated losses, to a statutory reserve until such reserve amounts to 100% of the paid-up share capital of the Company. This reserve is not available for distribution to the shareholders until the liquidation of the Company.	17
Disclosure of technical reserve for insurance/takaful/reinsurance/retakaful operations [text block]	9. Technical reserves 9.1 Net outstanding claims and reservesNet outstanding claims and reserves comprise the following: September 30, 2021 (Unaudited) December 31, 2020(Audited) Gross outstanding claims 134,378,860 126,139,520Less: realizable value of salvage and subrogation (24,317,574) (21,396,960) 110,061,286 104,742,560Gross claims incurred but not reported 213,742,405 170,897,914 Less: Reinsurers’ share of outstanding claims (49,553,093) (48,489,107)Reinsurers’ share of claims incurred but not reported (22,011,404) (20,062,991)Net outstanding claims 252,239,194 207,088,376 Additional premium reserves - premium deficiency reserve 18,568,923 11,295,391Other technical reserves 14,166,805 11,211,593 32,735,728 22,506,984Net outstanding claims and reserves 284,974,922 229,595,3609.2 Movement in net unearned premiumsMovement in unearned premiums comprise the following: Nine-month period ended September 30, 2021(Unaudited) Gross Reinsurance Net Balance as at the beginning of the period 375,588,801 (36,474,798) 339,114,003Balance as at the end of the period (256,253,197) 43,976,825 (212,276,372)Changes in unearned premiums 119,335,604 7,502,027 126,837,631 Premium written during the period 421,672,124 (81,387,713) 340,284,411Excess of loss premiums - (18,664,391) (18,664,391)Net premium earned 541,007,728 (92,550,077) 448,457,651Movement in unearned premiums comprise the following: Year ended December 31, 2020(Audited) Gross Reinsurance Net Balance as at the beginning of the year 257,512,800 (39,619,088) 217,893,712Additions from merger 107,975,551 (4,338,001) 103,637,550Balance as at the end of the year (375,588,801) 36,474,798 (339,114,003)Changes in unearned premiums (10,100,450) (7,482,291) (17,582,741) Premium written during the year 557,123,448 (85,791,281) 471,332,167Excess of loss premiums - (18,865,289) (18,865,289)Net premium earned 547,022,998 (112,138,861) 434,884,137	9
Disclosure of earnings per share [text block]	19. Basic and diluted losses per shareBasic and diluted losses per share for the three-month and nine-month periods ended September 30, 2021 and 2020 is calculated by dividing total loss for the period attributable to the shareholders by the weighted average number of outstanding shares during the period. For the three-month period ended September 30, 2021 2020Total losses for the period attributable to the shareholders (17,055,510) (11,564,885)Weighted average number of ordinary shares for basic and diluted losses per share 22,947,464 15,000,000Basic and diluted losses per share (0.74) (0.77) For the nine-month period ended September 30, 2021 2020Total losses for the period attributable to the shareholders (122,653,435) (8,381,049) Weighted average number of ordinary shares for basic and diluted losses per share 22,947,464 15,000,000Basic and diluted losses per share (5.34) (0.56)	19
Disclosure of related party transactions [text block]	14. Related party transactions and balancesRelated parties represent major shareholders, directors and key management personnel of the Company, and companies of which they are principal owners and any other entities controlled, jointly controlled or significantly influenced by them. Pricing policies and terms of these transactions are approved by the Company’s management and Board of Directors. The following are the details of the major related party transactions during the period and the related balances:Nature of transactions Transactions for the three-month period ended Transactions for the nine-month period ended September 30, 2021 September 30, 2020 September 30, 2021 September 30,2021 (Unaudited) (Unaudited) (Unaudited) (Unaudited)Major shareholders Insurance premium written 1,509,379 1,668,645 11,976,906 14,680,233Claims paid 3,286,828 (5,862,125) 10,345,091 (7,753,690)Others Rent charged - (80,830) - (2,140,317)Services - - - (267,267)Directors’ remuneration and meeting fee 233,500 (2,069,817) 571,500 (2,170,317) The compensation of key management personnel during the nine-month period ended is as follows: Transactions for the three-month period ended Transactions for the nine-month period ended September 30, 2021 September 30, 2020 September 30, 2021 September 30,2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited)Salaries and benefits 1,034,375 1,273,399 4,839,271 3,931,689Employee benefit obligations 115,922 77,969 347,765 233,907 1,150,297 1,351,368 5,187,036 4,165,596Premium receivable - related parties, net September 30, 2021(Unaudited) December 31, 2020(Audited) Premium receivable from related parties 9,039,430 10,038,075Less: allowance for doubtful debts (2,172,964) (1,726,798) 6,866,466 8,311,277Movement in the allowance for doubtful debts is as follows: September 30, 2021(Unaudited) December 31, 2020(Audited) At beginning of the period / year 1,726,798 393,511Charge for the period / year 446,166 1,333,287At end of the period / year 2,172,964 1,726,798	14
Disclosure of capital management [text block]	16. Share capitalThe authorized, issued and paid up capital of the Company was Saudi Riyals 229.4 million at September 30, 2021 (December 31, 2020: Saudi Riyals 229.4 million) consisting of 22.9 million shares (December 31, 2020: 22.9 million shares) of Saudi Riyals 10 each.Shareholding structure of the Company as of September 30, 2021 and December 31, 2020 is as below. Authorized and issued Paid up No. of Shares Saudi RiyalsGulf Union Insurance and Projects Management Holding Company B.S.C. (c.) 2,475,000 24,750,000 24,750,000Others 20,472,464 204,724,640 204,724,640 22,947,464 229,474,640 229,474,640	16
Disclosure of commitments and contingencies, general [text block]	11. Commitments and contingenciesi) The Company, in common with significant majority of insurers, is subject to litigation in the normal course of its business. The Company, based on independent legal advice, does not believe that the outcome of these cases will have a material impact on the Company’s financial performance.ii) As at September 30, 2021 the Company has capital commitments amounting to Saudi Riyals 1.8 million pertaining to implementation of a new software (December 31, 2020: Nil.iii) See Note 15 for contingencies pertaining to zakat and income tax assessments. iv) At at September 30, 2021, the Company was contingently liable for financial guarantees issued against litigation in the normal course of business amounting to Saudi Riyals 1 million (December 31, 2020: Nil).	11
Disclosure of fair value of financial assets and liabilities [text block]	12. Fair value of financial instrumentsThe Company uses the following hierarchy for determining and disclosing the fair value of financial instruments:- Level 1 - quoted (unadjusted) market prices in active markets for identical assets or liabilities;- Level 2 - valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable; and- Level 3 - valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable.The following table shows the carrying amount and fair values of financial assets, including their levels in the fair value hierarchy for financial instruments measured at fair value. As at September 30, 2021 and December 31, 2020, the face values less any estimated credit adjustments for financial assets and liabilities with a maturity of less than one year are assumed to approximate to their fair values. The fair values of the non-current financial liabilities are considered to approximate to their carrying amounts as these carry interest rates which are based on market interest rates.a. Carrying amounts and fair value September 30, 2021 (Unaudited) Level 1 Level 2 Level 3 TotalFinancial assets measured at fair value Mutual funds - available-for-sale 57,433,111 - - 57,433,111Sukuks - available-for-sale 190,248,292 - - 190,248,292Ordinary shares - available-for-sale - - 3,846,156 3,846,156Total investments 247,681,403 - 3,846,156 251,527,559 December 31, 2020(Audited) Level 1 Level 2 Level 3 TotalFinancial assets measured at fair value Mutual funds - available-for-sale 44,503,994 - - 44,503,994Sukuks - available-for-sale 175,655,332 - - 175,655,332Ordinary shares-available-for-sale - - 3,846,156 3,846,156Total investments 220,159,326 - 3,846,156 224,005,482 12. Fair value of financial instruments (continued)a. Carrying amounts and fair value (continued)During the three-month and nine-month periods ended September 30, 2021, there have been no transfers between level 1, level 2 and level 3. available-for-sale investment comprises equity investment of 384,616 shares of Najm for Insurance Services (Najm) (December 31, 2020: 384,616 shares). As at September 30, 2021 and December 31, 2020, the investment is carried at cost as management considers that the recent available information is insufficient to determine fair value and the cost represents the best estimate of fair value in the current circumstances.Cash and cash equivalents, deposits, premiums and reinsurers’ balances receivable - net, premium receivable - related parties - net, reinsurers’ share of outstanding claims, statutory deposit, accrued income on statutory deposits and the financial labilities except employee benefit obligations are measured at amortized cost.	12
Disclosure of board of director's approval of the financial statements [text block]	22. Approval of the interim condensed financial informationThis interim condensed financial information has been approved by the Board of Directors on 1 Rabi Al-Akhar 1443 H; corresponding to November 6, 2021.	22
Disclosure of other notes relevant to understanding of financial statements [text block]	18. Capital risk management The Company’s objectives when managing capital are: To comply with the insurance capital requirements as set out in the Law. The Company’s current paid-up share capital is in accordance with Article 3 of the Law; To safeguard the Company’s ability to continue as a going concern so that it can continue to provide returns for shareholders and benefits for other stakeholders; and To provide an adequate return to shareholders by pricing insurance contracts commensurately with the level of risk.As per Article 66 of the Regulations, the Company shall maintain a solvency margin equivalent to the highest of the following three methods: Minimum Capital Requirement Premium solvency margin; or Claims solvency margin.Also see Note 1.	18

[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