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Al Alamiya for Cooperative Insurance Co.

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

8280
ALALAMIYA
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  • Main Market
  • Insurance

Stats Overview

  • Prev. Close 13.02
  • Open 12.96
  • High 13.66
  • Low 12.90
  • No. of Trades 631
  • Avg. Trade size* 522
  • Volume Traded 329,168
  • Value Traded (SAR) 4,394,855.52

Performance

ALALAMIYA
0.48 ( 3.69% )
Compare
Index Name Index Level 1D Return
Al Alamiya for Cooperative Insurance Co. 12.96 3.69%
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
13.50
% Change
3.69
Volume Traded
2,000

Best Bid

Price 13.48
Volume Traded 460

Best Offer

Price 13.50
Volume Traded 4,059

52 WEEK

High
24.52
2022/04/21
Low
10.90
2022/12/20
Change**
-42.11

PERFORMANCE

Start of Year
11.58
Year ago
23.32
3 Years ago
19.62

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  • Announcements & Corporate Actions
  • Financials
  • Shareholding
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Announcements

  • Al Alamiya for Cooperative Insurance Co. Announces that it received the Final Approval of the Saudi Central Bank on a Product

    8280
    ALALAMIYA 3.69 %
    1444/06/19     12/01/2023 09:10:18
  • Al Alamiya for Cooperative Insurance Co. Announces Appointment of an Acting CEO

    8280
    ALALAMIYA 3.69 %
    1444/05/27     21/12/2022 09:26:30
  • Addendum Announcement from Al Alamiya for Cooperative Insurance Co. in regard to its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )

    8280
    ALALAMIYA 3.69 %
    1444/04/13     07/11/2022 09:45:10
  • Al Alamiya for Cooperative Insurance Co. announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )

    8280
    ALALAMIYA 3.69 %
    1444/04/09     03/11/2022 09:13:24
  • Correction announcement from Al Alamiya for Cooperative Insurance Co. In Regards To The Company Announces Resignation of a CEO

    8280
    ALALAMIYA 3.69 %
    1444/02/16     12/09/2022 15:33:58
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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
250,622
213,642
264,804
226,320
Receivables, Net
37,575
36,052
44,107
70,868
Other Assets
165,676
125,184
113,484
118,924
Total Ph Assets
453,873
374,878
422,395
416,112
Shareholders (Sh) Assets: - - - -
Investments and Cash at Banks SH
397,079
395,742
383,881
376,627
Other Assets SH
31,367
68,841
77,609
56,794
Total Sh Assets
428,446
464,583
461,490
433,421
Total Assets
882,319
839,461
883,885
849,533
Ph Liabilities : - - - -
Reinsurers Balances Payable
91,117
74,048
81,420
52,784
Technical Reserves
260,527
166,643
197,287
245,243
Other Liabilities
102,229
134,187
143,688
118,085
Total Ph Liabilities
453,873
374,878
422,395
416,112
Sh Liabilities and Equity: - - - -
Sh Liabilities
62,336
61,157
53,518
45,926
Sh Equity
366,110
403,426
407,972
387,495
Total Sh Liabilities and Equity
428,446
464,583
461,490
433,421
Total Liabilities
882,319
839,461
883,885
849,533
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-04-17 2021-03-30 2020-03-24 2019-03-27
Balance Sheet 2022-09-30 2022-06-30 2022-03-31 2021-09-30
Policyholders (Ph) Assets: - - - -
Investments and Cash at Banks
229,722
217,963
244,788
245,799
Receivables, Net
95,784
49,664
41,240
53,138
Other Assets
201,497
143,039
162,418
186,395
Total Ph Assets
527,003
410,666
448,446
485,332
Shareholders (Sh) Assets: - - - -
Investments and Cash at Banks SH
393,066
395,904
394,947
396,991
Other Assets SH
3,908
9,558
11,872
48,751
Total Sh Assets
396,974
405,462
406,819
445,742
Total Assets
923,977
816,128
855,265
931,074
Ph Liabilities : - - - -
Reinsurers Balances Payable
80,391
67,472
85,762
98,906
Technical Reserves
355,242
255,171
278,613
261,871
Other Liabilities
91,370
88,023
84,071
124,555
Total Ph Liabilities
527,003
410,666
448,446
485,332
Sh Liabilities and Equity: - - - -
Sh Liabilities
87,679
64,958
64,991
65,508
Sh Equity
309,295
340,504
341,828
380,234
Total Sh Liabilities and Equity
396,974
405,462
406,819
445,742
Total Liabilities
923,977
816,128
855,265
931,074
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-11-16 2022-08-25 2022-06-07 2021-11-17
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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 Alamiya for Cooperative Insurance Co.
Price 13.50
Market Cap (SAR MN) 540
P/E Ratio -9.36
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Company Profile

Company overview

The mission of the Company is to protect individuals and companies from, and help them to reduce, the risks they face in their daily life by providing insurance products that meet their needs in the areas of Property; Marine; Motor; Medical; General Accident and Engineering. The Company''s strategy is to focus on underwriting and claims discipline to achieve sustainable profitable returns. The purpose of the Company are to transact cooperative insurance operations and related activities such as reinsurance, agency activities, representation, or correspondence activities in accordance with the provisions of the Control of Cooperative Insurance Companies Regulations and its Implementing Rules, and such other laws and regulations in force in the Kingdom of Saudi Arabia. The Company may undertake all activities whether in respect to insurance or the investment of its funds and to own, move, sell, replace or lease its immovable properties or liquid assets either directly or through companies established or acquired by itself or in association with other entities. The Company may have an interest in, own or merge with, or acquire or by any means participate with other corporate entities that are engaged in activities or fiscal activities similar to those of the Company or which assist in realising its purpose. The Company may exercise such activities as stated above whether within or outside the Kingdom of Saudi Arabia.

Company History

Al Alamiya for Cooperative Insurance Company (Al Alamiya) is a Saudi joint stock company and was established in accordance with Council of Ministers Resolution No. 5 dated 08/01/1430H (corresponding to 05/01/2009G) and in accordance with Royal Decree No. M/2 dated 09/01/1430H (corresponding to 06/01/2009G) to carry on the activity of cooperative insurance. The share capital of the Company is two hundred million Saudi Riyals (SR 200,000,000) comprising twenty million (20,000,000) ordinary shares with a nominal value of ten Saudi Riyals (SR 10) each. The capital of the Company has been increased to (400,000,000) million Saudi Riyals on 15/3/1436H (corresponding to 6/1/2015G). The Company s founding shareholders include Royal & Sun Alliance Insurance (Middle East) Limited E.C. (50.07%), Riyad Bank (19.92%), and a group of reputable Saudi investors (0.01%). The remaining 30% of the Company s capital is offered to the public.

Company Bylaws

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Equity Profile

  • Authorized Capital (SAR) 400,000,000
  • Issued Shares 40,000,000
  • Paid Capital (SAR) 400,000,000
  • Par Value/Share 10
  • Paid Up Value/Share 0

Last Update :2015-01-07

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

    2009/01/05

  • Financial Year End

    31/12

  • Listing Date

    2009/12/08

  • External Auditors

    [KPMG, Ibrahim Ahmed Albassam & Co. (Albassam & Co.)]

  • ISIN CODE

    SA12CG541C16

  • Number of Employees

    80

  • Chairman

    Abdulaziz Abdulmohsin Bin Hasan
    Independent

    Abdulaziz Abdulmohsin Bin Hasan
    • BD Session Start
      2021-11-16
      Designation
      Chairman
    • BD Session End
      2024-11-15
      Classification
      Independent
    • Qualification
      Bachelor of Law Diploma
    Companies Membership
    • Memebrship Name
      Fransi Capital
      Start Date
      -
    • Memebrship Character
      Non-executive
      End Date
      -
    • Memebrship Name
      Faisaliah Group
      Start Date
      -
    • Memebrship Character
      Non-executive
      End Date
      -
    • Memebrship Name
      Arab national Bank
      Start Date
      -
    • Memebrship Character
      Independent
      End Date
      -
  • Board of Directors

    Amal Abdullah Al-luwaymi Non - Executive

    Amal Abdullah Al-luwaymi
    • BD Session Start
      2021-11-16
      Designation
      Board of Directors
    • BD Session End
      2024-11-15
      Classification
      Non - Executive
    • Qualification
      Bachelor of Business Administration Master of Finance

    Tariq Abdullah AlNaeem Deputy Chairman - Independent

    Tariq Abdullah AlNaeem
    • BD Session Start
      2021-11-16
      Designation
      Board of Directors
    • BD Session End
      2024-11-15
      Classification
      Deputy Chairman - Independent
    • Qualification
      Bachelor of International Relations Master of Computer Science PhD of Information Systems
    Companies Membership
    • Memebrship Name
      Bayan Credit Bureau
      Start Date
      -
    • Memebrship Character
      Non-executive
      End Date
      -

    Saleh Hamad Saleh Alshinifi Independent

    Saleh Hamad Saleh Alshinifi
    • BD Session Start
      2021-11-16
      Designation
      Board of Directors
    • BD Session End
      2024-11-15
      Classification
      Independent
    • Qualification
      Ph.D. in Business Administration (Financial Accounting and Auditing) Master of Business Administration (Accounting) Bachelor of Economic and Business (Accounting)
    Companies Membership
    • Memebrship Name
      Seera Group Holding
      Start Date
      -
    • Memebrship Character
      independent
      End Date
      -
    • Memebrship Name
      Saudi Paper Manufacturing Co.
      Start Date
      -
    • Memebrship Character
      independent
      End Date
      -
    • Memebrship Name
      SAAFAH Foundation
      Start Date
      -
    • Memebrship Character
      Non Excecutive
      End Date
      -

    Christopher Philip Dooley Non - Executive

    Christopher Philip Dooley
    • BD Session Start
      2021-11-16
      Designation
      Board of Directors
    • BD Session End
      2024-11-15
      Classification
      Non - Executive
    • Qualification
      Bachelor of Art Marketing Diploma
    Companies Membership
    • Memebrship Name
      Royal and Sun Alliance (ME)
      Start Date
      -
    • Memebrship Character
      Executive
      End Date
      -
    • Memebrship Name
      Al Ahlia Insurance Company - Oman
      Start Date
      -
    • Memebrship Character
      Non-Executive
      End Date
      -

    Martin Rueegg Executive

    Martin Rueegg
    • BD Session Start
      2021-11-16
      Designation
      Board of Directors
    • BD Session End
      2024-11-15
      Classification
      Executive
    • Qualification
      Academic Baccalaureate Insurance Business Administration Master of International Tax Law
    Companies Membership
    • Memebrship Name
      Royal & Sun Alliance Insurance Ltd BSC(c)
      Start Date
      -
    • Memebrship Character
      Non-executive
      End Date
      -
    • Memebrship Name
      Royal & Sun Alliance Insurance (Middle East) Ltd BSC(c)
      Start Date
      -
    • Memebrship Character
      Non-executive
      End Date
      -

    Waleed Khalid AlDhubaib Non - Executive

    Waleed Khalid AlDhubaib
    • BD Session Start
      2022-08-09
      Designation
      Board of Directors
    • BD Session End
      2024-11-15
      Classification
      Non - Executive

    Abdulaziz Mohammed AlBalushi Non - Executive

    Abdulaziz Mohammed AlBalushi
    • BD Session Start
      2022-09-08
      Designation
      Board of Directors
    • BD Session End
      2024-11-15
      Classification
      Non - Executive
    • Qualification
      Master of Science University of Strathclyde, Scotland, United Kingdom

    Sanjay Kawatra Non - Executive

    Sanjay Kawatra
    • BD Session Start
      2022-09-08
      Designation
      Board of Directors
    • BD Session End
      2024-11-15
      Classification
      Non - Executive
    • Qualification
      Bachelor of Commerce Bhopal School of Science
  • Senior Executives

    Yasir Iqbal CFO

    Yasir Iqbal
    • BD Session Start
      2022-07-04
      Designation
      Senior Executives
    • BD Session End
      -
      Classification
      CFO

    (Acting) Martin Rueegg CEO

(Acting) Martin Rueegg
  • BD Session Start
    2022-12-21
    Designation
    Senior Executives
  • BD Session End
    -
    Classification
    CEO
  • Qualification
    Academic Baccalaureate Insurance Business Administration Master of International Tax Law
Companies Membership
  • Memebrship Name
    Royal & Sun Alliance Insurance Ltd BSC(c)
    Start Date
    -
  • Memebrship Character
    Non-executive
    End Date
    -
  • Memebrship Name
    Royal & Sun Alliance Insurance (Middle East) Ltd BSC(c)
    Start Date
    -
  • Memebrship Character
    Non-executive
    End Date
    -

Investor Relations

Contact Name:

Bader Ataallah Al Anazi

Company Address:

P.O. Box 6393, Riyadh 11442, KSA

Contact Details:

Telephone: 00966114651520 - 1017
Fax: 00966114645457
Email: bader.alenazi@sa.rsagroup.com

Company Website:

www.alalamiya.sa


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