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Malath Cooperative Insurance Co.
Companies with accumulated losses of 20% to less than 35% of its capital'
- Main Market
- Insurance
Stats Overview
-
Prev. Close 14.14
-
Open 14.14
-
High 14.20
-
Low 13.86
-
No. of Trades 579
-
Avg. Trade size* 336
-
Volume Traded 194,581
-
Value Traded (^) 2,721,246.66
Performance
- *Average Trade Size = Cumulative / # of Trades
- **52 Week Price Change = (Current Price - Price year ago) / Price year ago x 100
- Historical prices & volume traded data are adjusted to account for all corporate actions.
- MO: Market Order
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52 WEEK
PERFORMANCE
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Announcements
Corporate Actions
- Announcements & Corporate Actions
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Dividends
| Announced Date | Eligibility Date | Distribution Date | Distribution Way | Dividend Amount |
|---|
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Financials
- FINANCIAL INFORMATION
- FINANCIAL STATEMENTS AND REPORTS
- Annually
- Quarterly
| Balance Sheet | 2024-12-31 | 2023-12-31 | ||
|---|---|---|---|---|
| Total Assets |
1,199,637
|
924,140
|
- | - |
| Total Liabilities |
766,862
|
534,050
|
- | - |
| Total Shareholders Equity (After Deducting the Minority Equity) |
432,775
|
390,090
|
- | - |
| Total Liabilities and Shareholders Equity |
1,199,637
|
924,140
|
- | - |
| Statement of Income | 2024-12-31 | 2023-12-31 | ||
| Total Revenue (Sales/Operating) |
1,010,723
|
934,712
|
- | - |
| Net Profit (Loss) before Zakat and Tax |
36,393
|
47,188
|
- | - |
| Zakat and Income Tax |
-9,504
|
-9,000
|
- | - |
| Net Profit (Loss) after Zakat and Tax |
26,889
|
38,188
|
- | - |
| Total Comprehensive Income |
42,685
|
36,075
|
- | - |
| Profit (Loss) per Share |
0.54
|
0.76
|
- | - |
| Cash Flows | 2024-12-31 | 2023-12-31 | ||
| Net Cash From Operating Activities |
250,597
|
-110,312
|
- | - |
| Net Cash From Investing Activities |
-187,215
|
-115,466
|
- | - |
| Net Cash From Financing Activities |
-978
|
-182
|
- | - |
| Cash and Cash Equivalents, Beginning of the Period |
110,571
|
336,530
|
- | - |
| Cash and Cash Equivalents, End of the Period |
172,975
|
110,571
|
- | - |
| All Figures in | Thousands | Thousands | ||
| All Currency In | ^ | ^ | ||
| Last Update Date | 2025-03-11 | 2024-04-03 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
| Balance Sheet | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 |
|---|---|---|---|---|
| Total Assets |
1,063,473
|
970,100
|
939,668
|
923,925
|
| Total Liabilities |
655,188
|
566,599
|
536,202
|
540,985
|
| Total Shareholders Equity (After Deducting the Minority Equity) |
408,285
|
403,501
|
403,466
|
382,940
|
| Total Liabilities and Shareholders Equity |
1,063,473
|
970,100
|
939,668
|
923,925
|
| Statement of Income | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 |
| Total Revenue (Sales/Operating) |
269,741
|
225,959
|
205,764
|
227,396
|
| Net Profit (Loss) before Zakat and Tax |
7,927
|
2,527
|
13,818
|
-20,688
|
| Zakat and Income Tax |
-2,376
|
-2,376
|
-2,376
|
-2,250
|
| Net Profit (Loss) after Zakat and Tax |
5,551
|
151
|
11,442
|
-22,938
|
| Total Comprehensive Income |
4,784
|
35
|
13,376
|
-22,534
|
| Profit (Loss) per Share |
0.11
|
- |
0.23
|
-0.46
|
| Cash Flows | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 |
| Net Cash From Operating Activities |
157,803
|
42,060
|
14,372
|
-69,619
|
| Net Cash From Investing Activities |
-116,773
|
-49,906
|
-30,997
|
-129,185
|
| Net Cash From Financing Activities |
-846
|
-625
|
-625
|
- |
| Cash and Cash Equivalents, Beginning of the Period |
110,571
|
110,571
|
110,571
|
338,139
|
| Cash and Cash Equivalents, End of the Period |
150,755
|
102,100
|
93,321
|
139,335
|
| All Figures in | Thousands | Thousands | Thousands | Thousands |
| All Currency In | ^ | ^ | ^ | ^ |
| Last Update Date | 2024-11-13 | 2024-08-15 | 2024-05-23 | 2023-11-27 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
Company Profile
Company overview
Malath Cooperative Insurance and Reinsurance Company provides wide range of general insurance products in various classes that include Aviation, Energy, Engineering, Marine (Cargo & Hull), Miscellaneous and Motor. In addition, Malath provides Healthcare Insurance for groups and individuals. The Company transacts its operations in accordance with Cooperative executive insurance regulations in Saudi Arabia.
Company History
Malath is a new cooperative insurance company in Saudi Arabia, founded by Saudi investors in 2004. Malath is capitalized at SAR 300 Million with prime focus on setting new benchmarks of excellence in customer service in the new emerging and regulating environment resulting from implementation of Cooperative Insurance Companies Law. Malath offered 47.48% of its capital for Initial Public Offering
Company Bylaws
Equity Profile
- Authorized Capital (^) 500,000,000
- Issued Shares 50,000,000
- Paid Capital (^) 500,000,000
- Par Value/Share 10
- Paid Up Value/Share 10
Last Update :2017-10-01
Investment limits
There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on company's bylaw and the issued instructions by the related regulators and supervisory authorities.
- Company Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
Investor Relations
Contact Name:
Investor Relations
Company Address:
P.O. Mohammed Bin Abdulazi street , Box 99763 Riyadh 11625 KSA
Contact Details:
Telephone:
0114168222 Ext:1213
Fax
: 0114168333
Email
: investor.relation@malath.com.sa
Company Website:
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of these disclosures, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of these disclosures, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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