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Allied Cooperative Insurance Group

Companies with accumulated losses of 20% to less than 35% of its capital'

8150
ACIG
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  • Main Market
  • Insurance

Stats Overview

  • Prev. Close 19.72
  • Open 19.70
  • High 19.98
  • Low 19.14
  • No. of Trades 948
  • Avg. Trade size* 736
  • Volume Traded 697,814
  • Value Traded (SAR) 13,619,486.96

Performance

ACIG
-0.42 ( -2.13% )
Compare
Name Price Change %
Allied Cooperative Insurance Group 19.70 -2.13%
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
19.30
% Change
-2.13
Volume Traded
200

Best Bid

Price 19.22
Volume 90

Best Offer

Price 19.30
Volume 8,997

52 WEEK

High
20.46
2024/04/23
Low
10.94
2023/10/24
Change**
53.66

PERFORMANCE

Start of Year
13.9
Year ago
12.56
3 Years ago
28.22

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

Announcements

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

    8150
    ACIG -2.13 %
    1445/09/11     21/03/2024 08:06:48
  • Allied Cooperative Insurance Group Announces Appointment of a Board Member

    8150
    ACIG -2.13 %
    1445/08/10     20/02/2024 15:41:35
  • Allied Cooperative Insurance Group Announces Resignation of a Board Member

    8150
    ACIG -2.13 %
    1445/08/09     19/02/2024 16:09:26
  • Allied Cooperative Insurance Group announces the latest developments of the Board of Directors' recommendation to increase the company's capital through a rights issue – (Receiving the approval of the Insurance Authority to increase the company's capital)

    8150
    ACIG -2.13 %
    1445/06/26     08/01/2024 09:00:57
  • Allied Cooperative Insurance Group Announces an update on Allied Cooperative Insurance Group (ACIG ) announces the latest update about the signing of a non-binding Memorandum of Understanding with Amana Cooperative Insurance Company to evaluate a potential merger between the two companies.

    8150
    ACIG -2.13 %
    1445/06/15     28/12/2023 15:39:13
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Corporate Actions

Upcoming Events

    Past Events

      Jump To :
      • Announcements & Corporate Actions
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      • Financials
      • Shareholding
      • Peer Comparison
      • Company Profile

      Dividends

      Announced Date Eligibility Date Distribution Date Distribution Way Dividend Amount

      CompanyProfilev2Financials

      Actions
      Jump To:
      • Announcements & Corporate Actions
      • Dividends
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      • Shareholding
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      Financials

      • FINANCIAL INFORMATION
      • FINANCIAL STATEMENTS AND REPORTS
      • Annually
      • Quarterly
      Balance Sheet 2023-12-31
      Total Assets
      929,554
      - - -
      Total Liabilities
      675,211
      - - -
      Total Shareholders Equity (After Deducting the Minority Equity)
      254,343
      - - -
      Total Liabilities and Shareholders Equity
      929,554
      - - -
      Statement of Income 2023-12-31
      Total Revenue (Sales/Operating)
      974,681
      - - -
      Net Profit (Loss) before Zakat and Tax
      72,206
      - - -
      Zakat and Income Tax
      -8,800
      - - -
      Net Profit (Loss) after Zakat and Tax
      63,406
      - - -
      Total Comprehensive Income
      65,396
      - - -
      Profit (Loss) per Share
      2.18
      - - -
      Cash Flow 2023-12-31
      Net Cash From Operating Activities
      139,649
      - - -
      Net Cash From Investing Activities
      -480,540
      - - -
      Net Cash From Financing Activities
      -1,806
      - - -
      Cash and Cash Equivalents, Beginning of the Period
      484,331
      - - -
      Cash and Cash Equivalents, End of the Period
      141,634
      - - -
      All Figures in Thousands
      All Currency In SAR
      Last Update Date 2024-03-21

      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
      930,688
      854,655
      852,637
      Total Liabilities
      695,379
      651,682
      660,187
      Total Shareholders Equity (After Deducting the Minority Equity)
      235,309
      202,973
      192,450
      Total Liabilities and Shareholders Equity
      930,688
      854,655
      852,637
      Statement of Income 2023-09-30 2023-06-30 2023-03-31
      Total Revenue (Sales/Operating)
      256,183
      247,779
      226,615
      Net Profit (Loss) before Zakat and Tax
      34,599
      14,952
      4,341
      Zakat and Income Tax
      -2,300
      3,000
      500
      Net Profit (Loss) after Zakat and Tax
      32,299
      11,952
      3,841
      Total Comprehensive Income
      32,299
      10,523
      3,841
      Profit (Loss) per Share
      1.11
      0.48
      0.12
      Cash Flow 2023-09-30 2023-06-30 2023-03-31
      Net Cash From Operating Activities
      169,005
      89,650
      73,040
      Net Cash From Investing Activities
      25,182
      25,587
      26,091
      Net Cash From Financing Activities
      -1,334
      -1,334
      -1,012
      Cash and Cash Equivalents, Beginning of the Period
      484,331
      484,331
      484,331
      Cash and Cash Equivalents, End of the Period
      677,184
      598,234
      582,450
      All Figures in Thousands Thousands Thousands
      All Currency In SAR SAR SAR
      Last Update Date 2023-11-07 2023-10-04 2023-10-03

      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.

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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
      2024-04-25 ياسر محمد ناصر ال جارالله Chairman 1.4638041% 1.4638041% 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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      Allied Cooperative Insurance Group
      Price 19.30
      Market Cap (SAR MN) 566
      P/E Ratio 8.93
      Index Name Index Level 1D Return
      Allied Cooperative Insurance Group %
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      • Announcements & Corporate Actions
      • Dividends
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      • Shareholding
      • Peer Comparison
      • Company Profile

      Company Profile

      Company overview

      Offering a wide array of cooperative insurance based services and solutions including but not limited to Motor Insurance, Medical Insurance, Property Insurance, Construction and Engineering based Insurance, Marine Insurance and Aviation Insurance.

      Company History

      ACIG enjoys the reputation of being one of the foremost Cooperative Insurance companies in the Kingdom of Saudi Arabia while firmly adhering to the principles and teachings of Islamic shari a. ACIG has been offering its clients a wide array of Islamic based Cooperative Insurance solutions aimed at individuals and groups/corporations alike. By offering well rounded and highly competitive Cooperative Insurance solutions, we have been able to cater to our clients needs as we position the client at the center of ACIG. ACIG has been licensed and approved as a publicly traded company in accordance with the royal decree issued on 10/2006. The activities of the Company are to transact cooperative insurance operations and related activities in the Kingdom of Saudi Arabia. On 4 April 2009, the Company received license from the Saudi Arabian Monetary Agency (SAMA) to engage in insurance in Saudi Arabia. The Company commenced its commercial operations on 1 July 2009.

      Company Bylaws

      Click here

      Equity Profile

      • Authorized Capital (SAR) 291,000,000
      • Issued Shares 29,100,000
      • Paid Capital (SAR) 291,000,000
      • Par Value/Share 10
      • Paid Up Value/Share 10

      Last Update :2021-12-30

      Investment limits

      There are no investment limits on the company 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 bylaw and the issued instructions by the related regulators and supervisory authorities.

       

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

        2007/07/22

      • Financial Year End

        31/12

      • Listing Date

        2007/08/27

      • External Auditors

        [ELkharashi &co CPAs, Alazm ,alsudiri , Al alsheikh &CO CPAs]

      • ISIN CODE

        SA000A0SR838

      • Number of Employees

        258

      • Chairman

        Mr. Yasser bin Muhammad Al Jarallah
        Non - Executive

        Mr. Yasser bin Muhammad Al Jarallah
        • BD Session Start
          2022-06-05
          Designation
          Chairman
        • BD Session End
          2025-05-17
          Classification
          Non - Executive
        • Qualification
          Bachelor's degree in Economics University of Southern California MSc Economics University of Southern California
      • Board of Directors

        Mr. Ali bin Yahya al-Jaafari Executive

        Mr. Ali bin Yahya al-Jaafari
        • BD Session Start
          2022-06-05
          Designation
          Board of Directors
        • BD Session End
          2025-05-17
          Classification
          Executive
        • Qualification
          Bachelor's degree in Accounting, Imam Muhammad bin Saud University

        Mr. Abdul Rahman bin Hassan Al-Amoudi Independent

        Mr. Abdul Rahman bin Hassan Al-Amoudi
        • BD Session Start
          2022-06-05
          Designation
          Board of Directors
        • BD Session End
          2025-05-17
          Classification
          Independent
        • Qualification
          Bachelor's degree in Financial Management, Northeastern University - Boston - USA

        Mr. Fayez bin Saleh bin Mahfouz Deputy Chairman - Non Executive

        Mr. Fayez bin Saleh bin Mahfouz
        • BD Session Start
          2022-06-05
          Designation
          Board of Directors
        • BD Session End
          2025-05-17
          Classification
          Deputy Chairman - Non Executive
        • Qualification
          Bachelor of Business Administration, King Saud University

        Mr. Muhammad Ibrahim Muhammad AlRasheed Independent

        Mr. Muhammad Ibrahim Muhammad AlRasheed
        • BD Session Start
          2022-06-05
          Designation
          Board of Directors
        • BD Session End
          2025-05-17
          Classification
          Independent
        • Qualification
          Bachelor's degree in Business Administration, University of California Master's degree in Financial Management, Prince Sultan University

        Mr. Abdullah bin Abdulrahman bin Abdullah Al-Sheikh Independent

        Mr. Abdullah bin Abdulrahman bin Abdullah Al-Sheikh
        • BD Session Start
          2022-06-05
          Designation
          Board of Directors
        • BD Session End
          2025-05-17
          Classification
          Independent
        • Qualification
          Bachelor of Accounting, King Saud University MSc Management Accountancy University of Aberdeen Financial Certificate Institute of Financial Consultants

        Mr. Abdullah Muhammad Abdullah Al Dalan Al-Qahtani Independent

        Mr. Abdullah Muhammad Abdullah Al Dalan Al-Qahtani
        • BD Session Start
          2022-06-05
          Designation
          Board of Directors
        • BD Session End
          2025-05-17
          Classification
          Independent
        • Qualification
          Bachelor of Computer Engineering to King Fahd University of Petroleum and Minerals MA International Business Administration University of Portsmouth

        Mr. Ahmed bin Abdullah bin Manea AlHammadi Independent

        Mr. Ahmed bin Abdullah bin Manea AlHammadi
        • BD Session Start
          2023-10-04
          Designation
          Board of Directors
        • BD Session End
          2025-05-17
          Classification
          Independent
        • Qualification
          Bachelor of Agricultural Economics, King Saud University He holds a master's degree in agricultural economics

        Mr. Mohammed Jihad Abdulaziz Al-Rasheed Independent

        Mr. Mohammed Jihad Abdulaziz Al-Rasheed
        • BD Session Start
          2022-06-05
          Designation
          Board of Directors
        • BD Session End
          2025-05-17
          Classification
          Independent
        • Qualification
          Bachelor of Computer - Information Systems King Saud University

        Dr. Abdullah bin Ibrahim Al-Ibrahim Independent

        Dr. Abdullah bin Ibrahim Al-Ibrahim
        • BD Session Start
          2024-02-20
          Designation
          Board of Directors
        • BD Session End
          2025-05-17
          Classification
          Independent
        • Qualification
          College of Sharia from Imam Muhammad bin Saud University. Master's in law systems in Decision Making Mechanism He holds a doctorate in international commercial law.
      • Senior Executives

        Mr. Mohamed Abdullah Al Gadhi CEO

        Mr. Mohamed Abdullah Al Gadhi
        • BD Session Start
          2022-08-18
          Designation
          Senior Executives
        • BD Session End
          -
          Classification
          CEO
        • Qualification
          a Bachelor's degree in Business Administration from King Saud University, in addition to many professional certificates in the field of insurance and marketing

        Mr. Tawfeeg Ali Abdullah Alkulli CFO

      Mr. Tawfeeg Ali Abdullah Alkulli
      • BD Session Start
        2022-08-18
        Designation
        Senior Executives
      • BD Session End
        -
        Classification
        CFO
      • Qualification
        Bachelor's degree in Accounting - Um Al-Qura University MSc Accounting - Finance - Bangor University-UK

      Investor Relations

      Contact Name:

      Abdulmajeed Alomair

      Company Address:

      Riyadh - Hteen district Prince Turki bin Abdulaziz first road PO Box 40523 | Riyadh 11511

      Contact Details:

      Telephone: 0114852626
      Fax : 0114890555
      Email : abdulmajeed.alomair@acig.com.sa

      Company Website:

      www.acig.com.sa


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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.