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Walaa Cooperative Insurance Co.

8060
WALAA
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  • Main Market
  • Insurance

Stats Overview

  • Prev. Close 29.70
  • Open 30.05
  • High 30.55
  • Low 29.20
  • No. of Trades 1,249
  • Avg. Trade size* 542
  • Volume Traded 677,132
  • Value Traded (SAR) 20,251,868.35

Performance

WALAA
0.55 ( 1.85% )
Compare
Name Price Change %
Walaa Cooperative Insurance Co. 30.05 1.85%
Note: Prices are delayed minimum 5 minutes
  • *Average Trade Size = Cumulative / # of Trades
  • **52 Week Price Change =   (Current Price - Price year ago) / Price year ago x 100
  • Historical prices & volume traded data are adjusted to account for all corporate actions.
  • MO: Market Order

Trade Updates

Last Trade

Price
30.25
% Change
1.85
Volume Traded
1,401

Best Bid

Price 30.00
Volume 1,283

Best Offer

Price 30.25
Volume 7,393

52 WEEK

High
31.70
2024/04/23
Low
14.00
2023/05/04
Change**
112.13

PERFORMANCE

Start of Year
19.26
Year ago
14.26
3 Years ago
22.64

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  • Announcements & Corporate Actions
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  • Company Profile

Announcements

  • Walaa Cooperative Insurance Co. announces its Annual Financial Results for the Period Ending on 2023-12-31

    8060
    WALAA 1.85 %
    1445/09/03     13/03/2024 08:08:32
  • Walaa Cooperative Insurance Co. Announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to CMA

    8060
    WALAA 1.85 %
    1445/08/29     10/03/2024 08:24:05
  • Walaa Cooperative Insurance Co. Announces an update on The Board of Directors’ recommendation to increase the capital by offering of Rights Issue.

    8060
    WALAA 1.85 %
    1445/08/16     26/02/2024 09:04:18
  • Walaa Cooperative Insurance Company announces that Standard & Poor's credit rating agency affirmed its 'A-' financial strength rating, with a ‘Stable’ outlook

    8060
    WALAA 1.85 %
    1445/07/16     28/01/2024 08:51:11
  • Walaa Cooperative Insurance company Announces Appointment of a Financial Advisor to Manage the Subscription of the Rights Issue

    8060
    WALAA 1.85 %
    1445/07/06     18/01/2024 15:48:09
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Corporate Actions

Upcoming Events

    Past Events

      Jump To :
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      Dividends

      Announced Date Eligibility Date Distribution Date Distribution Way Dividend Amount
      09/04/2019 21/05/2019 10/06/2019 Account Transfer 1.00

      CompanyProfilev2Financials

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      Financials

      • FINANCIAL INFORMATION
      • FINANCIAL STATEMENTS AND REPORTS
      • Annually
      • Quarterly
      Balance Sheet 2023-12-31
      Total Assets
      4,107,249
      - - -
      Total Liabilities
      2,838,794
      - - -
      Total Shareholders Equity (After Deducting the Minority Equity)
      1,271,795
      - - -
      Total Liabilities and Shareholders Equity
      4,107,249
      - - -
      Statement of Income 2023-12-31
      Total Revenue (Sales/Operating)
      2,887,642
      - - -
      Net Profit (Loss) before Zakat and Tax
      162,977
      - - -
      Zakat and Income Tax
      -15,000
      - - -
      Net Profit (Loss) after Zakat and Tax
      147,977
      - - -
      Total Comprehensive Income
      155,496
      - - -
      Profit (Loss) per Share
      1.74
      - - -
      Cash Flow 2023-12-31
      Net Cash From Operating Activities
      422,928
      - - -
      Net Cash From Investing Activities
      -440,574
      - - -
      Net Cash From Financing Activities
      -4,153
      - - -
      Cash and Cash Equivalents, Beginning of the Period
      534,210
      - - -
      Cash and Cash Equivalents, End of the Period
      512,411
      - - -
      All Figures in Thousands
      All Currency In SAR
      Last Update Date 2024-03-20

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

      Balance Sheet 2023-09-30 2023-06-30 2023-03-31
      Total Assets
      3,907,464
      3,556,628
      3,450,651
      Total Liabilities
      2,688,301
      2,377,240
      2,309,908
      Total Shareholders Equity (After Deducting the Minority Equity)
      1,219,163
      1,179,388
      1,140,743
      Total Liabilities and Shareholders Equity
      3,907,464
      3,556,628
      3,450,651
      Statement of Income 2023-09-30 2023-06-30 2023-03-31
      Total Revenue (Sales/Operating)
      741,667
      705,187
      659,637
      Net Profit (Loss) before Zakat and Tax
      44,775
      41,145
      26,807
      Zakat and Income Tax
      -5,000
      -2,500
      -2,500
      Net Profit (Loss) after Zakat and Tax
      39,775
      38,645
      24,307
      Total Comprehensive Income
      39,775
      38,645
      24,307
      Profit (Loss) per Share
      0.47
      0.45
      0.29
      Cash Flow 2023-09-30 2023-06-30 2023-03-31
      Net Cash From Operating Activities
      229,345
      73,246
      -11,561
      Net Cash From Investing Activities
      -160,628
      -116,766
      -44,237
      Net Cash From Financing Activities
      -3,774
      - -
      Cash and Cash Equivalents, Beginning of the Period
      534,210
      534,210
      534,210
      Cash and Cash Equivalents, End of the Period
      599,153
      490,690
      478,412
      All Figures in Thousands Thousands Thousands
      All Currency In SAR SAR SAR
      Last Update Date 2023-11-12 2023-10-16 2023-10-16

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

      Display Previous Periods
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      • Announcements & Corporate Actions
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      Shareholding Information

      • Board Of Directors
      • Foreign Ownership
      • Substantial Shareholders
      Time Period
      -
      Search
      Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
      2024-04-25 عبداللطيف خليفة عبداللطيف عبدالله الملحم Board of Directors 1.1885362% 1.1885362% 0
      2024-04-25 حاتم فهد سليمان بالغنيم Board of Directors 0.0049660% 0.0049660% 0
      2024-04-25 خليفه عبداللطيف عبدالله الملحم Board of Directors 1.6244489% 1.6244489% 0
      2024-04-25 اسامه ميرزا صالح الخنيزي Board of Directors 0.0011757% 0.0011757% 0
      2024-04-25 مهند محمود ابراهيم الدسوقي Senior Executives 0.0188400% 0.0188400% 0
      2024-04-25 وليد محمد عبدالله الجعفري Board of Directors 0.2746351% 0.2746351% 0
      2024-04-25 سليمان عبدالله حمد القاضى Board of Directors 0.0031966% 0.0031966% 0
      2024-04-25 JOHNSON . . VARUGHESE Senior Executives 0.0793573% 0.0793573% 0
      2024-04-25 جميل عبدالله عبدالعزيز الملحم Board of Directors 0.0014108% 0.0014108% 0
      • The listed company (Publisher) shall be responsible for the accuracy of the published information pertaining to the ownership of the Board of Directors, Chief Executive Officer or highest executive position, and the Chief Financial Officer. The listed company shall also be responsible for updating these information thereof. Therefore, the Saudi Stock Exchange (Tadawul) shall not be liable for the information contained therein, nor for any consequences that may result from the said information.
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      Walaa Cooperative Insurance Co.
      Price 30.25
      Market Cap (SAR MN) 2,475
      P/E Ratio 16.73
      Index Name Index Level 1D Return
      Walaa Cooperative Insurance Co. %
      Jump To:
      • Announcements & Corporate Actions
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      Company Profile

      Company overview

      It is Insurance and Reinsurance Company licensed by Insurance Authority for practicing insurance (General, Medical, Motor and protection and savings insurance) and reinsurance.

      Company History

      A Saudi joint stock company licensed in accordance with the provisions of the Cooperative Insurance Companies Control Law and the rules and regulations issued by the supervisory and authorities in the Kingdom of Saudi Arabia. Walaa Company was established in 2007 as a joint stock company with a capital of 200 million Saudi riyals, and with a permit from the Insurance Authority to carry out insurance and reinsurance business where the company is subject to the supervision of the Insurance Authority. Head quarter located in AlKhobar, Eastern Province, and has regional offices in Riyadh and Jeddah. The company has worked to continuously to develop its business and employees also increased its capital through Rights Issue, as well as the completion of the first merger in the Saudi insurance sector with MetLife AIG ANB Cooperative Insurance Co., and second merger with SABB Takaful

      Company Bylaws

      Click here

      Equity Profile

      • Authorized Capital (SAR) 850,583,250
      • Issued Shares 85,058,325
      • Paid Capital (SAR) 850,583,250
      • Par Value/Share 10
      • Paid Up Value/Share 10

      Last Update :2022-10-23

      Investment limits

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

       

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

        2007/07/05

      • Financial Year End

        31/12

      • Listing Date

        2007/07/17

      • External Auditors

        [El Sayed El Ayouty & Co, Al Azem & Al Sudairy, Al Shaikh & Partners]

      • ISIN CODE

        SA000A0MLUD8

      • Number of Employees

        470

      • Board of Directors

        Sulaiman Abdullah Al Kadi Non - Executive

        Sulaiman Abdullah Al Kadi
        • BD Session Start
          2022-05-26
          Designation
          Board of Directors
        • BD Session End
          2025-05-25
          Classification
          Non - Executive

        Khalifah Abdullatif Al Mulhiem Non - Executive

        Khalifah Abdullatif Al Mulhiem
        • BD Session Start
          2022-05-26
          Designation
          Board of Directors
        • BD Session End
          2025-05-25
          Classification
          Non - Executive

        Wasef Salem Al Jebshah Non - Executive

        Wasef Salem Al Jebshah
        • BD Session Start
          2022-05-26
          Designation
          Board of Directors
        • BD Session End
          2025-05-25
          Classification
          Non - Executive

        Sulaiman Abdulaziz Al Towaijiri Non - Executive

        Sulaiman Abdulaziz Al Towaijiri
        • BD Session Start
          2022-05-26
          Designation
          Board of Directors
        • BD Session End
          2025-05-25
          Classification
          Non - Executive

        Waleed Mohammed Al Jafaari Non - Executive

        Waleed Mohammed Al Jafaari
        • BD Session Start
          2022-05-26
          Designation
          Board of Directors
        • BD Session End
          2025-05-25
          Classification
          Non - Executive

        Hatem Fahad Balghonaim Independent

        Hatem Fahad Balghonaim
        • BD Session Start
          2022-05-26
          Designation
          Board of Directors
        • BD Session End
          2025-05-25
          Classification
          Independent

        Jameel Abdullah Al Mulhiem Independent

        Jameel Abdullah Al Mulhiem
        • BD Session Start
          2022-05-26
          Designation
          Board of Directors
        • BD Session End
          2025-05-25
          Classification
          Independent

        Hesham Abdullatif Al Jabr Non - Executive

        Hesham Abdullatif Al Jabr
        • BD Session Start
          2022-05-26
          Designation
          Board of Directors
        • BD Session End
          2025-05-25
          Classification
          Non - Executive

        Osama Mirza Al Khunaizi Independent

        Osama Mirza Al Khunaizi
        • BD Session Start
          2022-05-26
          Designation
          Board of Directors
        • BD Session End
          2025-05-25
          Classification
          Independent

        Abdullatif Khalifa Almulhiem Non - Executive

        Abdullatif Khalifa Almulhiem
        • BD Session Start
          2022-05-26
          Designation
          Board of Directors
        • BD Session End
          2025-05-25
          Classification
          Non - Executive

        Abdulaziz Saud AlShabeebi Independent

        Abdulaziz Saud AlShabeebi
        • BD Session Start
          2022-05-26
          Designation
          Board of Directors
        • BD Session End
          2025-05-25
          Classification
          Independent
      • Senior Executives

        Mohannad Mahmoud Al Desouki CFO

        Mohannad Mahmoud Al Desouki
        • BD Session Start
          2020-01-15
          Designation
          Senior Executives
        • BD Session End
          -
          Classification
          CFO

        Johnson Varughese CEO

      Johnson Varughese
      • BD Session Start
        2012-12-24
        Designation
        Senior Executives
      • BD Session End
        -
        Classification
        CEO

      Investor Relations

      Contact Name:

      Khalid Ahmed Omran

      Company Address:

      4513, Adh Dhahran Al Khubar Al Janubiyah Unit No: 8 Al-Khobar 34621-8615

      Contact Details:

      Telephone: 0138299405
      Fax : 0138299405
      Email : Walaa@walaa.com

      Company Website:

      Walaa.com


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