Walaa Cooperative Insurance Company

8060

SA000A0MLUD8

Property & Casualty Insurance

Market Closed - Saudi Arabian S.E. Other stock markets 08:20:12 2024-06-03 am EDT			5-day change	1st Jan Change
26.3 ^SAR	+5.88%		+5.62%	+38.71%

May. 19	Walaa Cooperative Insurance Company Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
May. 12	Walaa Cooperative Insurance Reports Increase in Q1 Net Profit, Insurance Revenue	MT

Walaa Cooperative Insurance Company Reports Earnings Results for the First Quarter Ended March 31, 2024

May 19, 2024 at 04:30 pm EDT

Walaa Cooperative Insurance Company reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported net income was SAR 39.86 million compared to SAR 24.31 million a year ago. Basic earnings per share from continuing operations was SAR 0.47 compared to SAR 0.29 a year ago.

Latest news about Walaa Cooperative Insurance Company

Walaa Cooperative Insurance Company Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 19	CI
Walaa Cooperative Insurance Reports Increase in Q1 Net Profit, Insurance Revenue	May. 12	MT
Walaa Cooperative Insurance Secures Regulatory Nod to Renew Medical Insurance License	Apr. 29	MT
Walaa Cooperative Insurance Company Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 21	CI
Walaa Cooperative Insurance Swings to Attributable Net Profit for FY23; Insurance Revenue Up	Mar. 13	MT
Walaa Cooperative Insurance Seeks Saudi Approval for Capital Increase	Mar. 10	MT
Walaa Cooperative Insurance Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 09	CI
Walaa Cooperative Insurance Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-13	CI
Walaa Cooperative Insurance Company Reports Earnings Results for the First Quarter Ended March 31, 2023	23-07-04	CI
Walaa Cooperative Insurance Company Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-30	CI
Walaa Cooperative Insurance Company Receives SAMA Approval on Renewing the Insurance and Reinsurance License	22-11-27	CI
Walaa Cooperative Insurance Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-08	CI
Walaa Cooperative Insurance Company completed the acquisition of SABB Takaful Company.	22-10-18	CI
Walaa Cooperative Insurance Company Reports Earnings Results for the Second Quarter Ended June 30, 2022	22-08-15	CI
Walaa Cooperative Insurance Co. Appoints Board Chairman and Vice Charmin of the Board of Directors	22-07-25	CI
Walaa Cooperative Insurance Company Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-22	CI
Walaa Cooperative Insurance Co. Announces Signing an Insurance Agreement with Saudi Arabian Oil Company	22-04-02	CI
Walaa Cooperative Insurance Company Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-24	CI
Walaa Cooperative Insurance Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-11-04	CI
SABB Takaful Co. Announces Signing A Memorandum of Understanding with Walaa Cooperative Insurance Co	21-07-15	CI
Walaa Cooperative Insurance Company signed a non-binding memorandum of understanding to acquire SABB Takaful Company for approximately SAR 500 million.	21-07-14	CI
Walaa Cooperative Insurance Co. Announces Contract Sign Off with Arab National Bank (Related Party) to Provide an Insurance Coverage on the Auto Leasing Financing Program	21-05-31	CI
Walaa Cooperative Insurance Company Announces Signing of an Agreement to Participate in the Insurance Base That Covers the Risks of Infection with the Coronavirus	21-05-10	CI
Walaa Cooperative Insurance Company Reports Earnings Results for the First Quarter Ended March 31, 2021	21-05-09	CI
Walaa Cooperative Insurance Company Announces Signing an Insurance Agreement with Saudi Arabian Oil Company to Provide Insurance Services	21-03-31	CI

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Company Profile

Walaa Cooperative Insurance Company SJSC, formerly Saudi United Cooperative Insurance Co SJSC, is a Saudi Arabia-based insurance and reinsurance company. The Company operates under following business segments: Medical segment, Motor segment, Property segment, Engineering segment, and others segment. Medical insurance segment, which provides coverage for health insurance; Motor insurance segment, which provides coverage for vehicles' insurance; Property insurance segment, which provides coverage for property insurance; Engineering insurance segment, which provides coverage for engineering and contract works; and other insurance segment, which provides coverage for marine and other general insurance. The Company operates in all over the Kingdom through approximately three regional offices and approximately 70 retail offices.

Sector

Property & Casualty Insurance

Calendar

2024-06-25 - Shareholders Meeting

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Ratings for Walaa Cooperative Insurance Company

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

24.84 SAR

Average target price

18.15 SAR

Spread / Average Target

-26.93%

Consensus

Annual profits - Rate of surprise

Company calendar

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