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SAICO - Latest News

SAICO recommends using statutory reserve to offset accumulated losses

Argaam 13/11/2024

Saudi insurers’ aggregate profit up 28% to SAR 3.5B in 9M 2024, Q3 at SAR 1.2B

Argaam Special 10/11/2024

SAICO gets IA nod to renew insurance license for 3 years

Argaam 21/10/2024

A look at Saudi insurance sector’s P/E ratio in H1 2024

Argaam Special 15/08/2024

SAICO cuts accumulated losses to 17.1% of capital

Argaam 12/08/2024

Saudi insurance sector's combined profit up 25% at SAR 2.23B in H1 2024; Q2 at SAR 1.31B

Argaam Special 11/08/2024

SAICO gets Shariah-compliance certificate

Argaam 12/06/2024

Saudi insurance sector's combined profit rises 50% at SAR 910.5M in Q1 2024

Argaam Special 20/05/2024

A look at Saudi insurance sector’s P/E ratio in Q1 2024

Argaam Special 20/05/2024

Senior execs of Aramco, SNB, eXtra, stc highest paid in 2023

Argaam Special 21/04/2024

Highest-paid executives, board members of Saudi-listed firms in 2023

Argaam Special 16/04/2024

Overview of Saudi insurance sector’s P/E ratio in 2023

Argaam Special 03/04/2024

Saudi insurers’ aggregate profit hits SAR 3.4B in 2023, Q4 at SAR 675.1M

Argaam Special 28/03/2024

SAICO gets regulatory approval on new product

Argaam 26/03/2024

SAICO gets IA approval on individual life insurance product

Argaam 14/01/2024

Saudi insurance sector to see accelerated M&A activity in coming years: Al-Issa

Argaam 02/01/2024

Saudi insurance sector's combined profit soars to SAR 2.67 bln in 9M 2023, Q3 at SAR 903.8 mln

Argaam Special 15/11/2023

Saudi insurance sector posts SAR 1.79 bln combined profit in H1 2023, Q2 at SAR 1.18 bln

Argaam Special 22/08/2023

SAICO sees accumulated losses down to 32.26% of capital

Argaam 15/08/2023

Saudi insurers’ aggregate profit hits SAR 607.4 mln in Q1 2023

Argaam Special 11/07/2023

Auto insurance GWPs rise 50% in Q4 2022

Argaam Special 04/05/2023

SAICO gets SAMA approval for new motor insurance product

Argaam 04/05/2023

CMA extends Q1 2023 earnings disclosure deadline for insurers until July 2

Argaam 30/04/2023

Saudi insurers’ aggregate profit hits SAR 728.6 mln in 2022

Argaam Special 13/04/2023

Details of insurers announcing increase in Najm stake value

Argaam 09/04/2023

SAICO reports higher value of investment in Najm using FMV accounting

Argaam 09/04/2023

SAICO signs bancassurance deal with Banque Saudi Fransi

Argaam 05/04/2023

Saudi insurance sector’s P/E ratio in 2022

Argaam Special 04/04/2023

SAICO board member resigns

Argaam 06/03/2023

SAICO CEO retires, Abdulrahman Alobrah to replace

Argaam 02/03/2023

Saudi health insurers’ aggregate GWPs rise 25%, incurred claims up 25% in Q3 2022

Argaam Special 11/12/2022

Auto insurance GWPs rise 30%, claims incurred up 29% in Q3 2022

Argaam Special 06/12/2022

Saudi insurance sector's combined profit rises to SAR 498.9 mln in 9M 2022, Q3 at SAR 449.7 mln

Argaam Special 13/11/2022

SAICO says accumulated losses rose to 28.55% of capital on higher net claims incurred, policy costs

Argaam 07/11/2022

Saudi insurance sector to grow in 2022; 3 insurers dominate 83% of market: Official

Argaam Special 27/09/2022

Auto insurance GWPs rise 28%, claims incurred up 23% in Q2 2022

Argaam Special 18/09/2022

Saudi health insurers’ aggregate GWPs rise 30%, incurred claims up 19% in Q2 2022

Argaam Special 15/09/2022

Saudi insurers’ GWPs rise 24% in H1 2022

Argaam Special 07/09/2022

Saudi insurance sector's combined profit falls to SAR 114 mln in H1 2022

Argaam Special 31/08/2022

SAICO reappoints Ahmed Al-Saud as Chairman, Abdulaziz Abussuud as Vice Chairman

Argaam 03/08/2022

Auto insurance GWPs rise 6%, claims incurred up 22% in Q1 2022

Argaam Special 16/06/2022

SAICO shareholders elect board members for new term

Argaam 16/06/2022

Saudi health insurers’ aggregate GWPs rise 20%, incurred claims add 17% in Q1 2022

Argaam Special 15/06/2022

Saudi insurers’ GWPs rise 19% to SAR 15 bln in Q1 2022

Argaam Special 12/06/2022

Overview of Saudi insurance sector’s P/E ratio in Q1 2022

Argaam Special 29/05/2022

Saudi insurance sector reports SAR 163.2 mln losses in Q1 2022

Argaam Special 26/05/2022

SAICO shareholders to elect new board members on June 16

Argaam 25/05/2022

Tadawul: 49 firms pay bonus, allowance to board members in 2021 despite losses

Argaam Special 24/04/2022

Auto insurance sector's GWPs rise 10%, claims incurred up 33% in Q4 2021

Argaam Special 21/04/2022

Saudi health insurers’ aggregate GWPs rise 20% in Q4 2021

Argaam Special 20/04/2022

Overview of Saudi insurance sector’s P/E ratio in 2021

Argaam Special 04/04/2022

Saudi insurance sector reports SAR 45.34 mln losses in 2021; Q4 losses at SAR 511.55 mln

Argaam Special 04/04/2022

CEOs of over 35 Saudi-listed firms resign in 2021

Argaam Special 16/01/2022

SAICO to open board membership nominations today

Argaam 29/12/2021

SAICO board decides to postpone CEO’s resignation date

Argaam 14/12/2021

Auto insurance sector's GWPs inch lower, incurred claims rise 20% in Q3 2021

Argaam Special 07/12/2021

Saudi health insurers’ aggregate GWPs up 17%, net incurred claims rise 8% in Q3 2021

Argaam Special 06/12/2021

SAICO gets SAMA nod to renew license for 3 years

Argaam 30/11/2021

Saudi insurers’ GWPs rise 8%, net incurred claims up 14% in 9M 2021

Argaam Special 25/11/2021

Saudi insurance firms’ P/E ratio crosses 50x in Q3 2021

Argaam Special 14/11/2021

Aggregate profit of Saudi insurers falls 60% to SAR 534.9 mln in 9M 2021

Argaam Special 14/11/2021

SAICO signs bancassurance agreement with ANB

Argaam 02/11/2021

SAICO gets SAMA nod on insurance product

Argaam 28/10/2021

SAICO signs bancassurance agreement with Al Rajhi Bank

Argaam 11/10/2021

Saudi auto insurers’ GWPs down 2%, net incurred claims up 58% in Q2 2021

Argaam Special 14/09/2021

Saudi health insurers’ GWPs rise 8%, net incurred claims climb 27% in Q2 2021

Argaam Special 12/09/2021

Saudi insurers’ GWPs rise 6% in H1 2021

Argaam Special 07/09/2021

SAICO to provide 1-year insurance coverage for vehicles leased by Al Rajhi Bank

Argaam 31/08/2021

Saudi insurance firms P/E ratio crosses 50x in Q2 2021

Argaam Special 26/08/2021

Saudi insurers' aggregate profit drops 47% to SAR 548.21 mln in H1 2021

Argaam Special 23/08/2021

SAICO gets SAMA final approval on 2 insurance products

Argaam 05/08/2021

SAICO appoints new board member

Argaam 20/06/2021

Saudi auto insurers’ GWPs down 4%, net incurred claims fall 4% in Q1 2021

Argaam Special 13/06/2021

Saudi health insurers’ aggregate GWPs rise 5% in Q1 2021

Argaam Special 10/06/2021

Saudi insurers’ GWPs rise 2% to SAR 12.8 bln, average retention rate of 85% in Q1 2021

Argaam Special 09/06/2021

SAICO shareholders approve dividend freeze for 2020

Argaam 31/05/2021

SAICO shareholders to vote on dividend freeze for 2020 on May 30

Argaam 09/05/2021

Saudi auto insurers’ GWPs down 5%, net incurred claims fall 10% in Q4 2020

Argaam Special 25/04/2021

Saudi health insurers’ aggregate GWPs rise 9% in Q4 2020

Argaam Special 21/04/2021

Saudi insurers’ GWPs rise 3%, net incurred claims drop 5% in 2020

Argaam Special 14/04/2021

SAICO board recommends dividend freeze for 2020

Argaam 31/03/2021

SAICO board member resigns

Argaam 04/03/2021

SAICO chief executive to retire on Dec. 31, 2021

Argaam 22/02/2021

Saudi health insurers’ aggregate GWPs drop 10%, claims rise 2% in Q3 2020

Argaam Special 01/12/2020

Saudi auto insurers’ GWPs grow 10%, net incurred claims fall 11% in Q3 2020

Argaam Special 29/11/2020

Saudi insurers’ GWPs rise 4%, net incurred claims fall 5% in 9M 2020

Argaam Special 19/11/2020

SAICO inks auto insurance deal with Abdul Latif Jameel Finance for 1 year

Argaam 17/11/2020

A look at Saudi insurance firms P/E ratio in Q3 2020

Argaam Special 11/11/2020

Aggregate profit of Saudi insurers rises to SAR 1.682 bln in 9M 2020

Argaam Special 11/11/2020

Saudi insurers’ GWPs rise 6%, net incurred claims fall 8% in H1 2020

Argaam Special 14/09/2020

Saudi health insurers’ aggregate GWPs fall 2%, claims drop 15% in Q2 2020

Argaam Special 14/09/2020

Saudi auto insurers’ GWPs rise 8%, net incurred claims decline by 34% in Q2 2020

Argaam Special 10/09/2020

A look at Saudi insurance firms P/E ratio in Q2 2020

Argaam Special 27/08/2020

Saudi insurers' aggregate profit rises to SAR 1.258 bln in H1 2020

Argaam Special 27/08/2020

A look at market shares of auto insurance firms in Q1 2020

Argaam Special 13/07/2020

SAICO expects higher GWPs on compulsory motor insurance

Argaam 13/07/2020

This is how Traffic Department’s decision is likely to impact insurance firms

Argaam Special 09/07/2020

Saudi auto insurers’ GWPs drop 12% in Q1 2020

Argaam Special 09/07/2020

Saudi health insurers’ aggregate GWPs rise 10% in Q1 2020

Argaam Special 08/07/2020

Saudi insurers' aggregate profit drops to SAR 179.32 mln in Q1 2020

Argaam Special 22/06/2020