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Allied Cooperative Insurance Group

Companies with accumulated losses of 35% to less than 50% of its capital'

8150
ACIG
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  • Main Market
  • Insurance

Stats Overview

  • Prev. Close 11.40
  • Open 11.40
  • High 12.48
  • Low 11.36
  • No. of Trades 1,552
  • Avg. Trade size* 423
  • Volume Traded 655,891
  • Value Traded (SAR) 7,954,233.82

Performance

ACIG
1.00 ( 8.77% )
Compare
Index Name Index Level 1D Return
Allied Cooperative Insurance Group 11.40 8.77%
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
12.40
% Change
8.77
Volume Traded
5,096

Best Bid

Price 12.30
Volume Traded 8,601

Best Offer

Price 12.40
Volume Traded 9,175

52 WEEK

High
21.10
2022/02/07
Low
10.42
2022/12/27
Change**
-38.61

PERFORMANCE

Start of Year
10.86
Year ago
20.2
3 Years ago
18.65

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

  • Allied Cooperative Insurance Group announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )

    8150
    ACIG 8.77 %
    1444/04/12     06/11/2022 08:59:15
  • Allied Cooperative Insurance Group Announces an update on Allied Cooperative Insurance Group - ACIG announces the signing of a non-binding Memorandum of Understanding with Amana Cooperative Insurance Company.

    8150
    ACIG 8.77 %
    1444/03/16     12/10/2022 08:13:33
  • Allied Cooperative Insurance Group (ACIG ) announces signing a Non-Binding Memorandum of Understanding with Amana Cooperative Insurance Company

    8150
    ACIG 8.77 %
    1444/02/08     04/09/2022 08:25:52
  • Allied Cooperative Insurance Group announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

    8150
    ACIG 8.77 %
    1444/01/24     22/08/2022 08:19:56
  • Allied Cooperative Insurance Group announces the formation of the Sharia Committee

    8150
    ACIG 8.77 %
    1444/01/23     21/08/2022 08:12:25
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Corporate Actions

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CompanyProfilev2Financials

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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
235,340
192,056
204,240
221,665
Receivables, Net
98,415
98,638
88,140
93,978
Other Assets
205,618
156,328
115,658
91,782
Total Ph Assets
539,373
447,022
408,038
407,425
Shareholders (Sh) Assets: - - - -
Investments and Cash at Banks SH
80,721
154,510
102,033
136,803
Other Assets SH
6,755
5,878
52,759
7,988
Total Sh Assets
87,476
160,388
154,792
144,791
Total Assets
626,849
607,410
562,830
552,216
Ph Liabilities : - - - -
Reinsurers Balances Payable
24,749
16,661
16,470
11,505
Technical Reserves
456,000
372,630
357,140
355,277
Other Liabilities
58,624
57,731
34,428
41,003
Total Ph Liabilities
539,373
447,022
408,038
407,785
Sh Liabilities and Equity: - - - -
Sh Liabilities
53,903
13,693
10,333
6,783
Sh Equity
33,573
146,695
144,459
137,648
Total Sh Liabilities and Equity
87,476
160,388
154,792
144,431
Total Liabilities
626,849
607,410
562,830
552,216
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-03-30 2021-03-24 2020-03-24 2019-03-31
Balance Sheet 2022-09-30 2022-06-30 2022-03-31 2021-09-30
Policyholders (Ph) Assets: - - - -
Investments and Cash at Banks
341,204
319,515
284,606
181,598
Receivables, Net
121,489
112,812
111,770
129,396
Other Assets
219,128
200,473
195,897
182,747
Total Ph Assets
681,821
632,800
592,273
493,741
Shareholders (Sh) Assets: - - - -
Investments and Cash at Banks SH
161,310
159,081
168,386
128,454
Other Assets SH
6,789
6,262
6,611
1,863
Total Sh Assets
168,099
165,343
174,997
130,317
Total Assets
849,920
798,143
767,270
624,058
Ph Liabilities : - - - -
Reinsurers Balances Payable
34,747
46,793
33,864
24,071
Technical Reserves
560,994
512,379
491,161
409,172
Other Liabilities
86,080
73,628
67,248
60,498
Total Ph Liabilities
681,821
632,800
592,273
493,741
Sh Liabilities and Equity: - - - -
Sh Liabilities
11,914
11,451
17,660
16,615
Sh Equity
156,185
153,892
157,337
113,702
Total Sh Liabilities and Equity
168,099
165,343
174,997
130,317
Total Liabilities
849,920
798,143
767,270
624,058
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-11-06 2022-08-22 2022-05-24 2021-11-08
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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 ياسر محمد ناصر آل 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 12.40
Market Cap (SAR MN) 361
P/E Ratio -3.26
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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

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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 , 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. Khalid bin Majid Al-Rasheed Independent

    Mr. Khalid bin Majid Al-Rasheed
    • BD Session Start
      2022-06-05
      Designation
      Board of Directors
    • BD Session End
      2025-05-17
      Classification
      Independent
    • Qualification
      PhD in Judicial Studies Higher Institute of the Judiciary

    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. / Mohammed bin Mohsen bin Mohammed Balharith Independent

    Mr. / Mohammed bin Mohsen bin Mohammed Balharith
    • BD Session Start
      2022-06-05
      Designation
      Board of Directors
    • BD Session End
      2025-05-17
      Classification
      Independent
    • Qualification
      Bachelor of Business Administration, King Abdulaziz University

    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
  • 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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