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Walaa Cooperative Insurance Co.

8060
WALAA
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  • Main Market
  • Insurance

Stats Overview

  • Prev. Close 14.56
  • Open 14.52
  • High 15.00
  • Low 14.52
  • No. of Trades 1,302
  • Avg. Trade size* 614
  • Volume Traded 799,620
  • Value Traded (SAR) 11,837,358.10

Performance

WALAA
0.42 ( 2.88% )
Compare
Index Name Index Level 1D Return
Walaa Cooperative Insurance Co. 14.52 2.88%
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
14.98
% Change
2.88
Volume Traded
1,004

Best Bid

Price 14.96
Volume Traded 5,008

Best Offer

Price 14.98
Volume Traded 5,572

52 WEEK

High
19.82
2022/02/01
Low
12.20
2022/07/14
Change**
-23.96

PERFORMANCE

Start of Year
14.46
Year ago
19.7
3 Years ago
18.18

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  • Announcements & Corporate Actions
  • Financials
  • Shareholding
  • Peer Comparison
  • Company Profile

Announcements

  • Walaa Cooperative Insurance Company announces receiving SAMA approval on renewing the company’s insurance and reinsurance license

    8060
    WALAA 2.88 %
    1444/05/03     27/11/2022 16:04:07
  • Walaa Cooperative Insurance Co. Announces the Deposit of Sums Resulting from Selling Fractional Stocks Following Increase of the Company’s Capital in the Accounts of Eligible Shareholders

    8060
    WALAA 2.88 %
    1444/04/22     16/11/2022 08:02:28
  • Walaa Cooperative Insurance Co. announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )

    8060
    WALAA 2.88 %
    1444/04/08     02/11/2022 08:15:47
  • Walaa Cooperative Insurance Company announces the listing of the consideration shares and the completion of the merger

    8060
    WALAA 2.88 %
    1444/03/27     23/10/2022 08:35:53
  • Walaa Cooperative Insurance Company announces the effectiveness of the resolution to merge SABB Takaful Company in Walaa Cooperative Insurance Company

    8060
    WALAA 2.88 %
    1444/03/23     19/10/2022 08:10:00
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Corporate Actions

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Financials

  • Balance Sheet
  • Statement of Income
  • Cash Flow
  • XBRL
  • Detailed Reports and Statements
  • Annually
  • Quarterly
Balance Sheet 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Policyholders (Ph) Assets: - - - -
Investments and Cash at Banks
385,831
737,297
690,925
654,006
Receivables, Net
582,129
333,020
150,094
202,416
Other Assets
1,624,342
854,273
500,822
431,892
Total Ph Assets
2,592,302
1,924,590
1,341,841
1,288,314
Shareholders (Sh) Assets: - - -
1,288,314
Investments and Cash at Banks SH
712,460
217,274
668,122
675,199
Other Assets SH
142,419
738,238
22,764
33,455
Total Sh Assets
854,879
955,512
690,886
708,654
Total Assets
3,447,181
2,880,102
2,032,727
1,996,968
Ph Liabilities : - - -
1,288,314
Reinsurers Balances Payable
335,026
232,814
173,378
140,897
Technical Reserves
1,961,372
1,368,050
1,005,671
950,776
Other Liabilities
296,051
323,726
162,792
196,641
Total Ph Liabilities
2,592,449
1,924,590
1,341,841
1,288,314
Sh Liabilities and Equity: - -
690,885
708,654
Sh Liabilities
44,106
39,218
21,620
37,831
Sh Equity
810,626
916,294
669,266
670,823
Total Sh Liabilities and Equity
854,732
955,512
690,886
708,654
Total Liabilities
3,447,181
2,880,102
2,032,727
1,996,968
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-03-24 2021-03-01 2020-03-19 2019-03-31
Balance Sheet 2022-06-30 2022-03-31 2021-09-30 2021-06-30
Policyholders (Ph) Assets: - - - -
Investments and Cash at Banks
868,223
761,586
656,538
616,032
Receivables, Net
725,735
470,272
415,203
410,017
Other Assets
1,404,011
1,072,440
1,309,312
1,260,193
Total Ph Assets
2,997,969
2,304,298
2,381,053
2,286,242
Shareholders (Sh) Assets: - - - -
Investments and Cash at Banks SH
685,807
681,617
53,974
150,401
Other Assets SH
138,440
149,487
882,496
807,000
Total Sh Assets
824,247
831,104
936,470
957,401
Total Assets
3,822,216
3,135,402
3,317,523
3,243,643
Ph Liabilities : - - - -
Reinsurers Balances Payable
473,544
204,794
200,401
211,952
Technical Reserves
2,159,696
1,780,973
1,913,492
1,815,749
Other Liabilities
364,729
318,531
267,160
258,541
Total Ph Liabilities
2,997,969
2,304,298
2,381,053
2,286,242
Sh Liabilities and Equity:
824,247
- - -
Sh Liabilities
56,508
49,731
66,932
46,796
Sh Equity
767,739
781,373
869,538
910,605
Total Sh Liabilities and Equity
824,247
831,104
936,470
957,401
Total Liabilities
3,822,216
3,135,402
3,317,523
3,243,643
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-08-15 2022-05-23 2021-11-07 2021-08-11
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Shareholding Information

  • Board Of Directors
  • Foreign Ownership
  • Substantial Shareholders
Time Period
-
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Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
2023-01-31 عبداللطيف خليفة عبداللطيف عبدالله الملحم Board of Directors 1.1885362 1.1885362 0
2023-01-31 حاتم فهد سليمان بالغنيم Board of Directors 0.0049660 0.0049660 0
2023-01-31 خليفه عبداللطيف عبدالله الملحم Board of Directors 1.5891790 1.5891790 0
2023-01-31 اسامه ميرزا صالح الخنيزي Board of Directors 0.0011757 0.0011757 0
2023-01-31 مهند محمود ابراهيم الدسوقي Senior Executives 0.0188400 0.0188400 0
2023-01-31 وليد محمد عبدالله الجعفري Board of Directors 0.7449006 0.7449006 0
2023-01-31 سليمان عبدالله حمد القاضى Board of Directors 0.0031966 0.0031966 0
2023-01-31 JOHNSON . . VARUGHESE Senior Executives 0.0411482 0.0411482 0
2023-01-31 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 14.98
Market Cap (SAR MN) 1,274
P/E Ratio -11.56
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Company Profile

Company overview

It is Insurance and Reinsurance Company licensed by Saudi Central Bank 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 Saudi Central Bank to carry out insurance and reinsurance business where the company is subject to the supervision of the Saudi Central Bank. 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

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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:

https://walaa.com/


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