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Wafa Insurance - Latest News

Wafa moves headquarter to a new location

Argaam 18/04/2019

Wafa Insurance says 2018 financials to be disclosed by May 30

Argaam 03/04/2019

Wafa Insurance says Q4 2018 financials to be delayed

Argaam 31/03/2019

CMA extends Wafa suspension

Argaam 26/02/2019

Wafa Insurance granted 150 days to submit restructuring plan

Argaam 13/02/2019

Combined profit of Saudi insurers down 41% in 9M 2018

Argaam Special 03/12/2018

Wafa to file for financial restructuring under the new bankruptcy law

Argaam 02/12/2018

Tadawul halts trading on Wafa Insurance shares

Argaam 12/11/2018

Wafa Insurance says Q3 financials to be delayed

Argaam 11/11/2018

Wafa Insurance recommends capital cut, amending activities to avoid liquidation

Argaam 05/11/2018

Wafa gets SAMA’s nod on capital hike

Argaam 18/09/2018

Wafa recommends SAR 220 mln rights issue

Argaam 16/09/2018

Wafa Insurance to increase capital; appoints vice-chairman

Argaam 11/09/2018

Saudi health insurers’ aggregate GWPs slide 2% in H1 2018

Argaam Special 10/09/2018

Wafa Insurance says a decision must be made on capital hike before Sept. 11

Argaam 06/09/2018

Wafa to deposit proceeds from fractional shares on Sept.17

Argaam 05/09/2018

Saudi insurers' gross written premiums down 8% in H1

Argaam Special 05/09/2018

Wafa to vote on capital hike procedures on September 10

Argaam 04/09/2018

Wafa Insurance faces closure if EGM not held before Sept.11

Argaam 30/08/2018

Wafa shareholders to decide on capital hike or termination Sept. 2

Argaam 16/08/2018

CMA says Wafa Insurance faces termination if EGM not held before Sept.11

Argaam 13/08/2018

Wafa’s board calls for EGM to address accumulated losses

Argaam 07/08/2018

Wafa Insurance ordered by SAMA to fix irregularities

Argaam 30/07/2018

Wafa says losses exceed 50% of capital

Argaam 29/07/2018

Wafa Insurance board member resigns

Argaam 25/07/2018

Trading in Wafa Insurance halted to reflect capital reduction

Argaam 06/06/2018

Wafa approves capital cut to offset losses

Argaam 06/06/2018

Wafa Insurance hires advisor for solvency margin requirements

Argaam 04/06/2018

Saudi health insurers’ GWPs up 5% in Q1

Argaam Special 03/06/2018

Saudi auto insurers’ GWPs drop 15% in Q1

Argaam Special 03/06/2018

Wafa shareholders to vote on capital cut June 5

Argaam 03/06/2018

SAMA bans Wafa Insurance from issuing, renewing policies

Argaam 26/05/2018

Wafa Insurance to dissolve if shareholders fail to convene before June 20

Argaam 26/05/2018

Wafa’s shareholders to vote on capital cut May 30

Argaam 22/05/2018

CMA approves Wafa Insurance’s capital cut

Argaam 19/05/2018

Wafa Insurance seeks CMA nod for capital cut

Argaam 16/05/2018

Wafa Insurance gets SAMA nod for capital cut

Argaam 15/05/2018

Wafa’s accumulated losses exceed 50% of capital

Argaam 07/05/2018

Wafa gets ‘final warning’ from SAMA to comply with requirements

Argaam 01/05/2018

Wafa Insurance appoints financial advisor for capital cut

Argaam 29/04/2018

CMA convicts 6 violators for fraud, manipulation

Argaam 19/04/2018

Saudi insurers report 6% rise in gross written premiums in 2017

Argaam Special 10/04/2018

Wafa Insurance recommends 18% capital cut

Argaam 02/04/2018

Wafa Insurance updates use of rights issue proceeds

Argaam 08/03/2018

Wafa Insurance expects sales increase after ban lift

Argaam 31/12/2017

Saudi central bank lifts ban on Wafa Insurance

Argaam 28/12/2017

Saudi insurers’ aggregate profit down 22% in 9M 2017

Argaam Special 20/11/2017

Wafa Insurance invests SAR 90.6 mln to boost solvency margin

Argaam 05/11/2017

Wafa Insurance gets SAMA nod for new products

Argaam 26/10/2017

Wafa Insurance approves related party transaction

Argaam 24/10/2017

Wafa Insurance submits corrective plan after ban

Argaam 23/10/2017

Al Rajhi Takaful, Tawuniya take the lead among auto insurers

Argaam Special 27/09/2017

Wafa deposits fractional shares after capital cut

Argaam 27/08/2017

Saudi auto insurers’ gross written premiums fall 9% in H1

Argaam Special 24/08/2017

Saudi health insurers’ gross written premiums edge up in H1

Argaam Special 24/08/2017

Wafa Insurance gets temporary approval for three products

Argaam 23/08/2017

SAMA bans Wafa from issuing auto insurance policies

Argaam 20/08/2017

SAMA bans Arabian Shield, Malath, Wafa Insurance from issuing auto policies

Argaam 20/08/2017

Wafa uses rights issue proceeds to boost solvency margin

Argaam 13/08/2017

Wafa fixes irregularities, cuts capital to offset losses

Argaam 02/08/2017

Wafa Insurance gets approval to issue new auto policies

Argaam 03/07/2017

Wafa Insurance approves capital cut to offset losses

Argaam 15/06/2017

Tadawul sets fluctuation limit price for Wafa Insurance

Argaam 15/06/2017

Wafa Insurance uses rights issue proceeds to boost solvency margin

Argaam 11/08/2015

Saudi insurance companies’ H1-15 profit soars 60%

Argaam - Exclusive 10/08/2015

Salama rights issue 751% subscribed by final round

Argaam 05/08/2015

Bupa Arabia, Medgulf lead Saudi insurance sector in Q1-2015

Argaam 02/07/2015

Wafa Insurance refuses to discharge board members on pending contracts

Argaam 25/06/2015

Saudi regulator slaps 81 firms with fines at SAR 4.72 mln in 2015

Argaam - Exclusive 21/06/2015

Saudi bourse says five listed firms to remain off-limits to foreigners

Argaam - Exclusive 02/06/2015

Argaam Research: 10 Tadawul-listed firms accumulated losses over 50% of capital

Argaam - Exclusive 02/06/2015

Tadawul updates Wafa Insurance status after losses narrowed

Argaam 18/05/2015

Wafa Insurance to begin paying SAR 24.4 mln in refunds

Argaam 13/05/2015

Wafa says remaining rights issue shares 242.4% oversubscribed

Argaam 05/05/2015

Saudi insurers trade at combined P/E of 105x: Argaam Research

Argaam - Exclusive 04/05/2015

Saudi insurance firms make SAR 33 mln profit in Q1: Argaam Research

Argaam - Exclusive 04/05/2015

Wafa rights issue 54.6% subscribed at second stage

Argaam 29/04/2015

Wafa Insurance launches second stage of rights issue

Argaam 26/04/2015

Wafa Insurance to complete first stage of rights issue

Argaam 23/04/2015

Wafa Insurance starts first phase of rights issue

Argaam - Exclusive 14/04/2015

WAFA Insurance approves capital raise

Argaam 09/04/2015

Wafa Insurance says losses down to 64.16% of capital after February

Argaam 04/03/2015

Wafa Insurance says accumulated losses represent 67.5% of capital

Argaam 03/02/2015

External auditor flags going concern on Wafa Insurance

Argaam 20/01/2015

Wafa Insurance issues prospectus for SAR 105 mln capital raise

ِArgaam 29/12/2014

CMA approves capital raise requests of Wafa, Saico, Buruj, Al Alamiya and AXA through a rights issue

Argaam 26/11/2014

Tadawul: a summary of companies with accumulated losses exceeding 50% of their capitals by the end of October

Argaam 24/11/2014

The CMA announces the status of rights issue requests

Argaam 23/11/2014

Wafa Insurance settles dispute with Watad Insurance out of court

Argaam 17/11/2014

Wafa Insurance’s accumulated losses down to 73.2% after October’s profit

Argaam 13/11/2014

Wafa Insurance obtains SAMA’s approval for its SAR 105m rights issue

Argaam 26/08/2014

Wafa Insurance is sued by Watad for SAR 26.2 million or 26 percent of its capital

Argaam 19/08/2014

Wafa Insurance BOD recommends a capital raise of SAR 105m through a rights issue

Argaam 27/04/2014

The insurance sector’s report for 2013: 20% rise in written premiums, 46% for claims and SAR 1378m of losses

Argaam 12/02/2014

Saudi Insurance Sector: The book values of 26 companies are below their nominal values after 2013 results:

Argaam 12/02/2014

Wafa insurance boosts technical reserve for 2013

ِArgaam 14/01/2014

Wafa obtains SAMA’s temporary approval for some of its products

ِArgaam 22/10/2013

Wafa obtains SAMA’s final approval for some of its products

ِArgaam 31/03/2013

Wafa signs an agency contract with Watad insurance agency

ِArgaam 26/08/2012