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Al Sagr Cooperative Insurance Co.

8180
ALSAGR INSURANCE
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  • Main Market
  • Insurance

Stats Overview

  • Prev. Close 19.00
  • Open 19.00
  • High 19.00
  • Low 17.76
  • No. of Trades 1,298
  • Avg. Trade size* 421
  • Volume Traded 546,404
  • Value Traded (SAR) 10,070,238.84

Performance

ALSAGR INSURANCE
-0.98 ( -5.16% )
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Index Name Index Level 1D Return
Al Sagr Cooperative Insurance Co. 19.00 -5.16%
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
18.02
% Change
-5.16
Volume Traded
1,000

Best Bid

Price 17.86
Volume 25

Best Offer

Price 18.02
Volume 17,364

52 WEEK

High
36.71
2022/06/12
Low
12.00
2022/12/12
Change**
-43.44

PERFORMANCE

Start of Year
14.02
Year ago
31.86
3 Years ago
25.24

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  • Announcements & Corporate Actions
  • Financials
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Announcements

  • Al Sagr Cooperative Insurance Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting ) through modern technology via Tadawulaty

    8180
    ALSAGR INSURANCE -5.16 %
    1444/11/05     25/05/2023 08:29:28

  • Al Sagr Cooperative Insurance Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

    8180
    ALSAGR INSURANCE -5.16 %
    1444/10/13     03/05/2023 15:56:40

  • Al Sagr Cooperative Insurance Company announces a significant favorable impact of 29% in the net assets of the company

    8180
    ALSAGR INSURANCE -5.16 %
    1444/09/18     09/04/2023 08:14:18

  • Al Sagr Cooperative Insurance Co. announces its Annual Financial Results for the Period Ending on 2022-12-31

    8180
    ALSAGR INSURANCE -5.16 %
    1444/09/08     30/03/2023 16:20:16

  • Al Sagr Cooperative Insurance Co. announces signing a binding merger agreement with Gulf Union Alahlia Cooperative Insurance Co.

    8180
    ALSAGR INSURANCE -5.16 %
    1444/08/30     22/03/2023 15:51:13
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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 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Policyholders (Ph) Assets: - - - -
Investments and Cash at Banks
203,919
176,668
200,783
294,054
Receivables, Net
105,209
94,626
63,839
94,924
Other Assets
177,246
219,035
197,593
192,256
Total Ph Assets
486,374
490,329
462,215
581,234
Shareholders (Sh) Assets: - - - -
Investments and Cash at Banks SH
198,326
285,559
373,354
429,637
Other Assets SH
53,120
73,051
71,932
76,200
Total Sh Assets
251,446
358,610
445,286
505,837
Total Assets
737,820
848,939
907,501
1,087,071
Ph Liabilities : - - - -
Reinsurers Balances Payable
20,239
17,935
2,702
5,334
Technical Reserves
383,792
402,219
377,452
485,164
Other Liabilities
82,343
70,175
82,061
90,736
Total Ph Liabilities
486,374
490,329
462,215
581,234
Sh Liabilities and Equity: - - - -
Sh Liabilities
125,197
149,419
161,283
111,687
Sh Equity
126,249
209,191
284,003
394,150
Total Sh Liabilities and Equity
251,446
358,610
445,286
505,837
Total Liabilities
737,820
848,939
907,501
1,087,071
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2023-04-04 2022-03-27 2021-03-31 2020-03-24
Balance Sheet 2022-09-30 2022-06-30 2022-03-31 2021-09-30
Policyholders (Ph) Assets: - - - -
Investments and Cash at Banks
209,794
170,744
165,015
194,116
Receivables, Net
129,406
89,984
94,750
88,601
Other Assets
184,479
239,117
231,099
207,164
Total Ph Assets
523,679
499,845
490,864
489,881
Shareholders (Sh) Assets: - - - -
Investments and Cash at Banks SH
175,133
246,373
277,211
288,779
Other Assets SH
72,506
72,820
73,953
72,745
Total Sh Assets
247,639
319,193
351,164
361,524
Total Assets
771,318
819,038
842,028
851,405
Ph Liabilities : - - - -
Reinsurers Balances Payable
21,525
6,154
14,564
17,060
Technical Reserves
411,566
413,923
404,802
379,332
Other Liabilities
90,588
79,768
71,498
93,489
Total Ph Liabilities
523,679
499,845
490,864
489,881
Sh Liabilities and Equity: - - - -
Sh Liabilities
119,846
182,732
174,955
139,184
Sh Equity
127,793
136,461
176,209
222,340
Total Sh Liabilities and Equity
247,639
319,193
351,164
361,524
Total Liabilities
771,318
819,038
842,028
851,405
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-11-09 2022-11-03 2022-09-25 2021-12-02
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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
  • 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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Al Sagr Cooperative Insurance Co.
Price 18.02
Market Cap (SAR MN) 252
P/E Ratio -3.66
Index Name Index Level 1D Return
Al Sagr Cooperative Insurance Co. %
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Company Profile

Company overview

SCIC is offering the following insurance products:- 1- Contractors All Risks, Erection All Risks Insurance. 2- Marine Hull Insurance. 3- Marine Cargo Insurance (Sea/Air/Land). 4- Machinery Breakdown Insurance. 5- Construction Plant and Equipment/Energy Insurance. 6- Motor Insurance. 7- Workmen Compensation, Employer Liability Insurance. 8- Group Life, Personal Accident Insurance. 9- Travel Insurance. 10- Fire, Allied Perils and Burglary Insurance. 11- Medical Malpractice. 12- Motor Vehicle Extended warranty. SCIC will certainly contribute to promote new insurance products serving the retail as well as the corporate and SCIC is elaborating plan to heavily train the young saudis and prepare them to hold managerial & key positions in the Co.

Company History

Al Sagr Co-operative Insurance Co. (SCIC) was operating its insurance business in the kingdom of Saudi Arabia since 1983 as a branch to Al Sagr National Insurance Co., Dubai, till it was agreed between Al Sagr National Insurance Co. of Dubai and prominent business group from Saudi Arabia to form a new Co. in Bahrain called Al Sagr Saudi Insurance in December 1998 and was operated under this banner till the Royal Decree No. M/11 was promulgated on 16/02/1428 (H). SCIC is currently operating in the Kingdom of Saudi Arabia through its Head Office and Branches in Al Khobar, Dammam, Riyadh and Jeddah. The Company plan is to open within 2008 more satellite branches in Riyadh, Jeddah and main branches in Al Hassa & Al Jubail. Al Sagr Co-operative Insurance Co. (SCIC) has been licensed in the Kingdom of Saudi Arabia by the promulgation of Royal Decree No. M/11 dated 16/02/1428 (H).

Company Bylaws

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Equity Profile

  • Authorized Capital (SAR) 140,000,000
  • Issued Shares 14,000,000
  • Paid Capital (SAR) 140,000,000
  • Par Value/Share 10
  • Paid Up Value/Share 10

Last Update :2022-10-17

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

  • Date Established

    2008/02/04

  • Financial Year End

    31/12

  • Listing Date

    2008/02/10

  • External Auditors

    [AlKharashi & Co. Certified Accountants and Auditors, Price Waterhouse Coopers (PwC)]

  • ISIN CODE

    SA11T053VQ13

  • Number of Employees

    292

  • Chairman

    Majed Abdullah Alsari
    Non - Executive

    Majed Abdullah Alsari
    • BD Session Start
      2020-06-16
      Designation
      Chairman
    • BD Session End
      2023-06-15
      Classification
      Non - Executive

  • Board of Directors

    Abdullah Juma Al-Sari Non - Executive

    Abdullah Juma Al-Sari
    • BD Session Start
      2020-06-16
      Designation
      Board of Directors
    • BD Session End
      2023-06-15
      Classification
      Non - Executive

    Sultan Abdulaziz Alsuwaidi Non - Executive

    Sultan Abdulaziz Alsuwaidi
    • BD Session Start
      2020-06-16
      Designation
      Board of Directors
    • BD Session End
      2023-06-15
      Classification
      Non - Executive

    Abdel Muhsen Jaber Non - Executive

    Abdel Muhsen Jaber
    • BD Session Start
      2020-06-16
      Designation
      Board of Directors
    • BD Session End
      2023-06-15
      Classification
      Non - Executive

    Saud Saleh Alarifi Independent

    Saud Saleh Alarifi
    • BD Session Start
      2022-08-29
      Designation
      Board of Directors
    • BD Session End
      2023-06-15
      Classification
      Independent
    Companies Membership
    • Memebrship Name
      -
      Start Date
      2022-09-29
    • Memebrship Character
      -
      End Date
      -

    Mohamad Abdulrahman Aljabreen Independent

    Mohamad Abdulrahman Aljabreen
    • BD Session Start
      2022-08-29
      Designation
      Board of Directors
    • BD Session End
      2023-06-15
      Classification
      Independent

    Abdullah Sulaiman Alhendi Independent

    Abdullah Sulaiman Alhendi
    • BD Session Start
      2022-08-29
      Designation
      Board of Directors
    • BD Session End
      2023-06-15
      Classification
      Independent

    Fahad Talal Kurdi Independent

    Fahad Talal Kurdi
    • BD Session Start
      2022-08-29
      Designation
      Board of Directors
    • BD Session End
      2023-06-15
      Classification
      Independent

    Yasser Mohammed Alharbi Executive

    Yasser Mohammed Alharbi
    • BD Session Start
      2022-08-29
      Designation
      Board of Directors
    • BD Session End
      2023-06-15
      Classification
      Executive

  • Senior Executives

    Masood Ahmad Bhatti CFO

Masood Ahmad Bhatti
  • BD Session Start
    2022-06-19
    Designation
    Senior Executives
  • BD Session End
    -
    Classification
    CFO

Investor Relations

Contact Name:

Investor Relations

Company Address:

Head Office - Dammam - King Khaled Street, ATCO Building. Al Khobar 31952 P.O Box 3501

Contact Details:

Telephone: 00966138302294
Fax: 00966138302296
Email: sh.relation@alsagr.com

Company Website:

www.alsagr.com


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