-
Bank Ranking
Banks Ratios
Cement Statistics
Cement Ranking
Cement Ratios
Monetary and Economic Statistics
Oil, Gas and Fuel
Macro Economy
Consumer Spending
Inflation
Exports & Imports
Food Prices
Non Food Prices
Construction Materials
Petrochem. Ranking
Petrochem. Ratios
Retail Rankings
Retail Ratios
Grocery Ranking
Grocery Ratios
Top Growth
Dividend History
Details of insurers announcing increase in Najm stake value
Several Saudi-listed insurance companies announced today, April 9, a material event that has a positive impact on their assets as a result of an increase in the value of the investment held in Najm for Insurance Services Co. (Najm).
The insurers clarified that the investment will be recognized at fair value based on the independent valuation carried out by Najm, in application of IFRS 9 Financial Instruments, as of Jan. 1, 2023.
The companies indicated that they will recognize this increase in net changes in the fair value of investments through the comprehensive income, and this impact will be reflected in their interim financial statements for the three-month period ended March 31, 2023.
|
|
||||
|
Details of Insurance Firms Announcing Increase in Value of Najm Stake |
||||
|
Company |
Stake |
Positive Impact on Net Assets |
Current Stake Value (SAR mln) |
Fair Value (SAR mln) |
|
Walaa |
6.90% |
7.00% |
5.10 |
79.41 |
|
Amana |
3.45% |
16.13% |
1.90 |
39.70 |
|
SAICO |
3.45% |
14.65% |
1.92 |
39.70 |
|
Al Sagr |
3.45% |
29.00% |
1.90 |
39.70 |
|
Gulf Union |
6.90% |
22.58% |
3.85 |
79.41 |
|
Arabia Insurance |
3.45% |
-- |
|
39.70 |
|
MEDGULF |
689,660 shares |
-- |
1.90 |
39.70 |
|
ACIG |
3.45% |
23.00% |
1.92 |
39.70 |
|
Salama |
3.45% |
Over 10% |
1.92 |
39.70 |
|
Arabian Shield |
3.45% |
3.39% |
1.92 |
39.70 |
|
Malath |
3.45% |
7.70% |
13.90 |
39.70 |
|
Al-Etihad Insurance |
3.45% |
-- |
1.90 |
39.70 |
|
GIG |
3.45% |
4.20% |
SAR 1 |
39.70 |
|
Gulf General |
3.45% |
14.12% |
1.92 |
39.70 |
|
Alinma Tokio |
3.45% |
19.00% |
1.90 |
39.70 |
|
Allianz SF |
3.45% |
-- |
1.90 |
39.70 |
|
Al Rajhi Takaful |
3.45% |
2.50% |
7.50 |
39.70 |
|
Chubb Arabia |
3.45% |
10.00% |
1.90 |
39.70 |
|
UCA |
3.45% |
18.00 |
1.90 |
39.70 |
|
Wataniya Insurance |
3.45% |
10.00% |
1.90 |
39.70 |
|
UCA |
3.45% |
-- |
1.90 |
37.78 |
|
Buruj |
3.45% |
10.00% |
1.92 |
39.70 |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}