Logo of Allied Cooperative Insurance Group (ACIG)
Allied Cooperative Insurance Group’s (ACIG) board of directors resolved today, June 30, to task the executive management with evaluating all available options and measures to strengthen the company’s financial position following the increase in accumulated losses, according to a Tadawul statement. 
The proposed measures include, but are not limited to, a capital increase, attracting strategic investors, or any other alternatives the board deems appropriate, with the executive management to submit the study’s findings to the board for the necessary decisions.
The board also affirmed its commitment to continuing the implementation of the approved corrective plans and measures, while pursuing efforts to improve underwriting and pricing efficiency, enhance operational efficiency, and rationalize costs to support the company’s financial performance.
In addition, the board confirmed that it will take the necessary regulatory procedures to convene an extraordinary general meeting (EGM), if required and in accordance with applicable regulations, to consider the recommendations and measures approved by the board in a manner that safeguards shareholders’ rights and supports the company’s long-term sustainability.
ACIG said it will announce any material developments in this regard as they occur.
ACIG accumulated losses reached 51.97% of capital, based on the preliminary financial results for the three-month period ended March 31, 2026, according to Argaam’s data.
Logo of Allied Cooperative Insurance Group (ACIG)
Allied Cooperative Insurance Group’s (ACIG) board of directors resolved today, June 30, to task the executive management with evaluating all available options and measures to strengthen the company’s financial position following the increase in accumulated losses, according to a Tadawul statement.
The proposed measures include, but are not limited to, a capital increase, attracting strategic investors, or any other alternatives the board deems appropriate, with the executive management to submit the study’s findings to the board for the necessary decisions.
The board also affirmed its commitment to continuing the implementation of the approved corrective plans and measures, while pursuing efforts to improve underwriting and pricing efficiency, enhance operational efficiency, and rationalize costs to support the company’s financial performance.
In addition, the board confirmed that it will take the necessary regulatory procedures to convene an extraordinary general meeting (EGM), if required and in accordance with applicable regulations, to consider the recommendations and measures approved by the board in a manner that safeguards shareholders’ rights and supports the company’s long-term sustainability.
ACIG said it will announce any material developments in this regard as they occur.
ACIG accumulated losses reached 51.97% of capital, based on the preliminary financial results for the three-month period ended March 31, 2026, according to Argaam’s data.
