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Malath Cooperative Insurance (ملاذ للتأمين)
Main Activities: Insurance Carriers
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Company Information |
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Full name Malath Cooperative Insurance and Reinsurance Company (شركة ملاذ للتأمين وإعادة التأمين التعاوني) Headquarters P.O. Box 99763, Al Tahlya Complex II, Prince Mohammed Bin Abdulaziz Street, Riyadh 11625.; Riyadh City; Al Riyadh |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: PricewaterhouseCoopers (2013) Total Employees: 150 Tel: 966 1416 8222 |
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Company Description |
| Malath Cooperative Insurance and Reinsurance Company is a Saudi Arabia-based public shareholding company established on 09/04/2007, engaged in the provision of general insurance and reinsurance products and services in accordance with the Shariah guidelines. The Company’s products consist of Business and Individual products. The Business product which is categorized as corporate products, include motor, health, group life, engineering, property, marine hull, marine cargo, miscellaneous accident, | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 15.70%, from SAR 383,398 thousands to SAR 443,581 thousands. The results of the period decreased -22.03% reaching SAR 14,092 thousands at the end of the period against SAR 18,074 thousands last year. Return on equity (Net income/Total equity) went from 6.88% to 5.02%, the Return On Asset (Net income / Total Asset) went from 1.83% to 1.37% and the Net Profit Margin (Net Income/Net Sales) went from 4.71% to 3.18% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 266.57% compared to 276.86% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.99 to 1.00 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (non-cons) |
2011 Y (non-cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
1,026,240 |
1,028,357 |
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Current Assets |
694,065 |
740,106 |
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Total Liabilities |
703,704 |
747,823 |
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Shareholders Equity |
322,536 |
280,534 |
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Current Liabilities |
693,682 |
739,856 |
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| * All the accounts are in SAR. | ||
Income Statement
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Total Operating Revenue |
558,064 |
443,581 |
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Net Profit (Loss) |
20,467 |
14,092 |
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| * All the accounts are in SAR. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
1.99% |
1.37% |
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Annualised Return on Assets (ROA) |
1.99% |
1.37% |
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Return on Equity (ROE) |
6.35% |
5.02% |
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Annualised Return on Equity (ROE) |
7.3% |
5.37% |
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Return on Sales (ROS) |
3.67% |
3.18% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
1.49x |
2.17x |
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Current asset turnover |
0.80x |
0.60x |
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Fixed-asset turnover |
1.68x |
1.54x |
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Asset Turnover |
0.54x |
0.43x |
| Valuation figures and ratios | ||
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Enterprise value |
703,704 |
747,823 |
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Bookvalue (BV) |
322,536 |
280,534 |
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Net Cash |
-703,704 |
-747,823 |
| Liquidity Ratios | ||
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Current Ratio |
100.06% |
100.03% |
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Quick ratio |
100.06% |
100.03% |
| Leverage Ratios | ||
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Leverage ratio |
318.18% |
366.57% |
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Debt to equity |
218.18% |
266.57% |
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Debt to total assets |
68.57% |
72.72% |
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Long Term Debt to Capital |
3.01% |
2.76% |
| Trend Ratios | ||
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Revenue Trend |
125.81% |
115.7% |
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Net Income Trend |
145.24% |
77.97% |
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