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Saudi Enaya Cooperative Insurance Co.

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Namestring
Saudi Enaya Cooperative Insurance Co.
Legal namestring
Saudi Enaya Cooperative Insurance Company
Websiteurl
saudienaya.com
Company typeenum
Public
Founded yearint
2011
Short descriptiontext

Saudi Enaya Cooperative Insurance is a Saudi-listed health insurer providing tiered SME, corporate, and visit/tourist visa health plans, distributed through digital self-service, broker, and enterprise sales channels across Saudi Arabia.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersJeddah, Saudi Arabia
HQ citystring
Jeddah
HQ countrystring
Saudi Arabia
HQ regionstring
Middle East
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
health insurance plans, cooperative insurance, corporate health coverage, SME health insurance, visit visa insurance
Industry3 codes
1International / Expatriate Group Health Plans
CodeFSAIAFAJPrimaryYes
2Small Group Health Insurance (2–50/100)
CodeFSAIAFADPrimaryNo
3International/Expatriate Individual Health Insurance
CodeFSAIAEAHPrimaryNo
NAICS code2 codes
  • Direct Health and Medical Insurance Carriers524114
  • Direct Life, Health, and Medical Insurance Carriers52411
SIC code2 codes
  • Accident & Health Insurance6321
  • Insurance Carriers, Nec6399
Product category
Health Insurance
Social media profiles1 record
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model1 record
1Health Insurance Premiums
TypeSubscription Recurring
Description

The company generates revenue primarily through health insurance premiums collected from corporate clients, SME businesses, and individual visa holders. Premiums are collected on subscription basis with various plan tiers offering different coverage levels and benefits.

saudienaya.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Pricing details1 tier
1SME Plans - Multiple tiers: VIP/Diamond, A-Gold, B-Silver, C-Bronze/C-Classic with varying benefits
ModelSubscriptionBilling cadenceAnnual
Notes

SME plans offer tiered coverage with Maximum Annual Limits up to SAR 1,000,000 for VIP plans. Options include enhanced and nil variants with varying dental (SAR 2,000-5,000), optical (SAR 400-2,000), and maternity (SAR 15,000-25,000) limits. Pricing is customized based on company size and selected coverage level.

saudienaya.com
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Core offering1 text field

Saudi Enaya Cooperative Insurance Company is a publicly listed Saudi health insurance provider offering tiered health insurance plans to corporate clients (250+ members), small and medium enterprises (up to 250 members), and individual visa holders (visit and tourist visas). Its core products cover inpatient, outpatient, dental, optical, and maternity benefits, supported by a digital platform spanning mobile app, broker portal, endorsement portal, and provider network search tools. The company operates an extensive hospital and clinic network across Saudi Arabia and processes claims with pre-authorization turnaround within 60 minutes.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Pre-authorization requests responded within 60 minutes
+1 more record
Product overview1 text field

Saudi Enaya Cooperative Insurance Company is a health insurance provider offering a comprehensive portfolio of products and digital services. The core offerings consist of SME Health Insurance Plans (for companies with up to 250 members) and Corporate Health Insurance Plans (for companies with over 250 members), both available in multiple tier levels. Visit Visa Insurance and Tourist Visa Insurance provide coverage for international visitors to Saudi Arabia. These insurance products are supported by a suite of digital services including the Saudi Enaya Mobile App (for policy management, claims, and provider search), Broker Portal (for insurance brokers to sell products), Endorsement Portal (for member management), and Visit Visa Insurance Extension (for extending coverage online). The company also offers a Provider Network Search tool. The products operate through an extensive hospital and clinic network across Saudi Arabia.

Product and service7 records
1SME Health Insurance Plans
CategoryGroup Health Insurance
Description

Comprehensive health insurance plans for small and medium enterprises with up to 250 members. Tiered options (Diamond/VIP, A-Gold, B-Silver, C-Bronze/C-Classic) with benefits including dental, optical, and maternity coverage and Maximum Annual Limits up to SAR 1,000,000 for VIP tiers.

2Corporate Health Insurance Plans
CategoryGroup Health Insurance
Description

Fully customizable health insurance plans for companies with over 250 members, designed for VIPs and broader workforce with luxurious yet cost-effective coverage.

3Visit Visa Insurance
CategoryIndividual Health Insurance
Description

Health insurance coverage for international visitors to Saudi Arabia on visit visas, including emergency medical treatment, outpatient services, and access to necessary medical care.

4Tourist Visa Insurance
CategoryIndividual Health Insurance
Description

Comprehensive health coverage for international tourists visiting Saudi Arabia, including emergency treatment, hospitalization, and routine medical care tailored for travelers.

5Saudi Enaya Mobile App
CategoryDigital Insurance Service
Description

Mobile application (iOS and Android) for members to manage policies, view coverage, search provider networks, submit and track reimbursement claims, and receive real-time notifications.

6Broker Portal
CategoryDistribution Platform
Description

Exclusive online portal for insurance brokers to manage policy sales with a simplified process, comprehensive product range access, and secure advanced encryption interface.

7Endorsement Portal
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierCoreTypeTechnology or IntegrationAnnounced on2024-01-01
Description

Saudi Enaya announced contract sign off with Dr. Soliman Fakeeh Hospital Company, a significant healthcare provider partnership for delivering medical services to insurance members.

2United Pharmacies Group
Strategic tierCoreTypeTechnology or Integration
Description

Verbal approval process established with United Pharmacies Group for medication dispensing. Saudi Enaya members can obtain medications from United Pharmacies branches without delay by providing medical report, prescription, and deductible receipt.

saudienaya.com
Strategic tierCoreTypeTechnology or Integration
Description

Global emergency service provider for medical emergencies while traveling 150+ kilometers from permanent residence or outside the country. Provides immediate connection to doctors, hospitals, pharmacies and other services.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1The Company for Cooperative Insurance (Tawuniya)
TypeDirect peer
Description

Major Saudi cooperative insurer providing health, motor and other lines; the health-insurance book is directly comparable to Saudi Enaya's core product set and customer segments.

TypeBroad incumbent
Description

Saudi-listed cooperative insurer affiliated with Allianz providing health and other lines to corporate and SME clients; broader portfolio than Saudi Enaya but overlapping on group health.

TypeDirect peer
Description

Largest Saudi-listed health insurer offering corporate, SME and individual health plans via CHI-aligned products and an extensive provider network; competes directly with Saudi Enaya across Corporate and SME segments.

TypeDirect peer
Description

Saudi-listed cooperative insurer offering health, motor and other lines; competes with Saudi Enaya on group health for corporates and SMEs in the Saudi market.

TypeDirect peer
Description

Saudi-listed cooperative insurer with health-insurance products for corporate and SME clients; comparable distribution, regulatory perimeter and product tiers.

TypeOthers
Description

Saudi regulator that sets the standards Saudi Enaya's products are explicitly aligned with; not a competitor but a key ecosystem participant shaping the addressable market.

TypeDirect peer
Description

Saudi cooperative insurer offering health and other lines to corporate and individual customers; overlaps with Saudi Enaya on group and individual health products.

TypeBroad incumbent
Description

KSA arm of global insurer AXA offering health, motor and property products; competes with Saudi Enaya in health insurance while also distributing broader lines.

TypeDirect peer
Description

Saudi-listed health insurer focused on corporate and SME group health plans with CHI-aligned products; highly comparable product mix and distribution model.

TypeEmerging player
Description

Third-party administrator and managed-care services provider operating within the Saudi health-insurance ecosystem; adjacent to Saudi Enaya's claims-management and provider-network activities.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration3 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles14 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance4 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Saudi Enaya Cooperative Insurance Co.

Health Insurancesaudienaya.com

Saudi Enaya Cooperative Insurance is a Saudi-listed health insurer providing tiered SME, corporate, and visit/tourist visa health plans, distributed through digital self-service, broker, and enterprise sales channels across Saudi Arabia.

Saudi Enaya Cooperative Insurance Co. firmographics

Firmographics
Name
Saudi Enaya Cooperative Insurance Co.
Legal name
Saudi Enaya Cooperative Insurance Company
Website
https://saudienaya.com
Company type
Public
Founded year
2011
Operating status
Operating
Headcount range
101–250 employees
Short description
Saudi Enaya Cooperative Insurance is a Saudi-listed health insurer providing tiered SME, corporate, and visit/tourist visa health plans, distributed through digital self-service, broker, and enterprise sales channels across Saudi Arabia.
Ownership category
akta.pro rank

Saudi Enaya Cooperative Insurance Co. industry classification

Industry
Product category
Health Insurance
NAICS
Direct Health and Medical Insurance Carriers (524114), Direct Life, Health, and Medical Insurance Carriers (52411)
SIC
Accident & Health Insurance (6321), Insurance Carriers, Nec (6399)
akta.pro primary industry
International / Expatriate Group Health Plans (FSAIAFAJ)
akta.pro secondary industries
Small Group Health Insurance (2–50/100) (FSAIAFAD), International/Expatriate Individual Health Insurance (FSAIAEAH)

Keywords

  • Health insurance plans
  • Cooperative insurance
  • Corporate health coverage
  • SME health insurance
  • Visit visa insurance

Where Saudi Enaya Cooperative Insurance Co. is headquartered

Location

Headquarters

HQ city
Jeddah
HQ country
Saudi Arabia
HQ region
Middle East

Offices2 records

Markets served

Saudi Enaya Cooperative Insurance Co. business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. Health Insurance Premiums: The company generates revenue primarily through health insurance premiums collected from corporate clients, SME businesses, and individual visa holders. Premiums are collected on subscription basis with various plan tiers offering different coverage levels and benefits.

Pricing tiers

ModelBillingPrice
SubscriptionAnnualSME Plans - Multiple tiers: VIP/Diamond, A-Gold, B-Silver, C-Bronze/C-Classic with varying benefits

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Saudi Enaya Cooperative Insurance Co. product offering

Product offering

Core offering

Saudi Enaya Cooperative Insurance Company is a publicly listed Saudi health insurance provider offering tiered health insurance plans to corporate clients (250+ members), small and medium enterprises (up to 250 members), and individual visa holders (visit and tourist visas). Its core products cover inpatient, outpatient, dental, optical, and maternity benefits, supported by a digital platform spanning mobile app, broker portal, endorsement portal, and provider network search tools. The company operates an extensive hospital and clinic network across Saudi Arabia and processes claims with pre-authorization turnaround within 60 minutes.

Product overview

Saudi Enaya Cooperative Insurance Company is a health insurance provider offering a comprehensive portfolio of products and digital services. The core offerings consist of SME Health Insurance Plans (for companies with up to 250 members) and Corporate Health Insurance Plans (for companies with over 250 members), both available in multiple tier levels. Visit Visa Insurance and Tourist Visa Insurance provide coverage for international visitors to Saudi Arabia. These insurance products are supported by a suite of digital services including the Saudi Enaya Mobile App (for policy management, claims, and provider search), Broker Portal (for insurance brokers to sell products), Endorsement Portal (for member management), and Visit Visa Insurance Extension (for extending coverage online). The company also offers a Provider Network Search tool. The products operate through an extensive hospital and clinic network across Saudi Arabia.

Differentiator

Problem solved

Functional benefit

Products and services

  • SME Health Insurance Plans Comprehensive health insurance plans for small and medium enterprises with up to 250 members. Tiered options (Diamond/VIP, A-Gold, B-Silver, C-Bronze/C-Classic) with benefits including dental, optical, and maternity coverage and Maximum Annual Limits up to SAR 1,000,000 for VIP tiers.
  • Corporate Health Insurance Plans Fully customizable health insurance plans for companies with over 250 members, designed for VIPs and broader workforce with luxurious yet cost-effective coverage.
  • Visit Visa Insurance Health insurance coverage for international visitors to Saudi Arabia on visit visas, including emergency medical treatment, outpatient services, and access to necessary medical care.
  • Tourist Visa Insurance Comprehensive health coverage for international tourists visiting Saudi Arabia, including emergency treatment, hospitalization, and routine medical care tailored for travelers.
  • Saudi Enaya Mobile App Mobile application (iOS and Android) for members to manage policies, view coverage, search provider networks, submit and track reimbursement claims, and receive real-time notifications.
  • Broker Portal Exclusive online portal for insurance brokers to manage policy sales with a simplified process, comprehensive product range access, and secure advanced encryption interface.
  • Endorsement Portal

Quantifiable outcome

  • Pre-authorization requests responded within 60 minutes
  • +1 more outcomes

Companies that use Saudi Enaya Cooperative Insurance Co.

Customer profile

Segments3 records

Ideal customer profiles3 records

Saudi Enaya Cooperative Insurance Co. technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Saudi Enaya Cooperative Insurance Co. partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core.

  • Dr. Soliman Fakeeh Hospital CompanycoreTechnology or Integration · 1 January 2024Saudi Enaya announced contract sign off with Dr. Soliman Fakeeh Hospital Company, a significant healthcare provider partnership for delivering medical services to insurance members.
  • United Pharmacies GroupcoreTechnology or IntegrationVerbal approval process established with United Pharmacies Group for medication dispensing. Saudi Enaya members can obtain medications from United Pharmacies branches without delay by providing medical report, prescription, and deductible receipt.
  • Assist AmericacoreTechnology or IntegrationGlobal emergency service provider for medical emergencies while traveling 150+ kilometers from permanent residence or outside the country. Provides immediate connection to doctors, hospitals, pharmacies and other services.

Scale indicators3 records

Recent moves8 records

Expansion highlights4 records

Saudi Enaya Cooperative Insurance Co. competitors and assessment

Company assessment

Direct peers

  • The Company for Cooperative Insurance (Tawuniya): Major Saudi cooperative insurer providing health, motor and other lines; the health-insurance book is directly comparable to Saudi Enaya's core product set and customer segments.
  • Bupa Arabia for Cooperative Insurance: Largest Saudi-listed health insurer offering corporate, SME and individual health plans via CHI-aligned products and an extensive provider network; competes directly with Saudi Enaya across Corporate and SME segments.
  • Walaa Cooperative Insurance: Saudi-listed cooperative insurer offering health, motor and other lines; competes with Saudi Enaya on group health for corporates and SMEs in the Saudi market.
  • Al Etihad Cooperative Insurance: Saudi-listed cooperative insurer with health-insurance products for corporate and SME clients; comparable distribution, regulatory perimeter and product tiers.
  • Salama Cooperative Insurance (Saudi National Insurance): Saudi cooperative insurer offering health and other lines to corporate and individual customers; overlaps with Saudi Enaya on group and individual health products.
  • Medgulf (Middle East Healthcare Co.): Saudi-listed health insurer focused on corporate and SME group health plans with CHI-aligned products; highly comparable product mix and distribution model.

Broad incumbents

  • Allianz Saudi Fransi Cooperative Insurance: Saudi-listed cooperative insurer affiliated with Allianz providing health and other lines to corporate and SME clients; broader portfolio than Saudi Enaya but overlapping on group health.
  • AXA Cooperative Insurance (KSA): KSA arm of global insurer AXA offering health, motor and property products; competes with Saudi Enaya in health insurance while also distributing broader lines.

Others

  • Council of Health Insurance (CHI): Saudi regulator that sets the standards Saudi Enaya's products are explicitly aligned with; not a competitor but a key ecosystem participant shaping the addressable market.

Emerging players

  • Globemed Saudi (GlobeMed Saudi): Third-party administrator and managed-care services provider operating within the Saudi health-insurance ecosystem; adjacent to Saudi Enaya's claims-management and provider-network activities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Saudi Enaya Cooperative Insurance Co. social profiles

Digital presence

Saudi Enaya Cooperative Insurance Co. compliance and trust

Trust signal

Compliance4 records

Saudi Enaya Cooperative Insurance Co. financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Saudi Enaya Cooperative Insurance Co. leadership team

Management profile

Number of profiles

Profiles14 records

Saudi Enaya Cooperative Insurance Co. funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Saudi Enaya Cooperative Insurance Co. M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saudi Enaya Cooperative Insurance Co.

What does Saudi Enaya Cooperative Insurance Co. do?

Saudi Enaya Cooperative Insurance Company is a publicly listed Saudi health insurance provider offering tiered health insurance plans to corporate clients (250+ members), small and medium enterprises (up to 250 members), and individual visa holders (visit and tourist visas). Its core products cover inpatient, outpatient, dental, optical, and maternity benefits, supported by a digital platform spanning mobile app, broker portal, endorsement portal, and provider network search tools. The company operates an extensive hospital and clinic network across Saudi Arabia and processes claims with pre-authorization turnaround within 60 minutes.

Is Saudi Enaya Cooperative Insurance Co. a public or private company?

Saudi Enaya Cooperative Insurance Co. is a public company. It is classified as public and is currently operating.

When was Saudi Enaya Cooperative Insurance Co. founded?

Saudi Enaya Cooperative Insurance Co. was founded in 2011. It employs 101 to 250 people.

Where is Saudi Enaya Cooperative Insurance Co. based?

Saudi Enaya Cooperative Insurance Co. is headquartered in Jeddah, Saudi Arabia, in the Middle East region.

How does Saudi Enaya Cooperative Insurance Co. make money?

One revenue line is on record: health Insurance Premiums.

Who are Saudi Enaya Cooperative Insurance Co.'s main competitors?

Direct peers on record are The Company for Cooperative Insurance (Tawuniya), Bupa Arabia for Cooperative Insurance, Walaa Cooperative Insurance, Al Etihad Cooperative Insurance, Salama Cooperative Insurance (Saudi National Insurance) and Medgulf (Middle East Healthcare Co.). Broad incumbents are Allianz Saudi Fransi Cooperative Insurance and AXA Cooperative Insurance (KSA). Council of Health Insurance (CHI) is listed as an others. Globemed Saudi (GlobeMed Saudi) is listed as an emerging player.

Does Saudi Enaya Cooperative Insurance Co. have an API?

No public API is recorded for Saudi Enaya Cooperative Insurance Co..

What industry is Saudi Enaya Cooperative Insurance Co. in?

Saudi Enaya Cooperative Insurance Co.'s product category is Health Insurance. Its primary akta.pro industry code is FSAIAFAJ, International / Expatriate Group Health Plans, with a secondary code of FSAIAFAD, Small Group Health Insurance (2–50/100). Its NAICS code is 524114 and its SIC code is 6321.

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Live signals
Investing.comSaudi Arabia shares higher at close of trade; Tadawul All Share up 1.09%Saudi Arabia's Tadawul All Share rose 1.09% at close on Sunday, led by gains in Food and Beverages, Materials, and Media sectors. Raydan Food Company led gains with a 9.97% rise, while Saudi Enaya Cooperative Insurance fell 3.94%. Crude oil for November delivery dropped 1.73% to $91.26.ArabnewsClosing Bell: Saudi main index declines to close at 11,238Saudi Arabia's Tadawul All Share Index closed Thursday at 11,237.93, down 21.97 points or 0.20 percent. Trading turnover exceeded SR5.08 billion ($1.35 billion), with 143 stocks advancing and 115 declining. Corporate disclosures included a renewed $533.3 million bank facility and a real estate investment fund MoU.ArabnewsClosing Bell: Saudi main index closes in green at 11,259Saudi Arabia's Tadawul All Share Index rose 0.25% to 11,259.90 on Wednesday, with 166 stocks advancing. MSGA Investment Co. reported a 52.7% drop in net profit to SR10.6 million, driven by a shift in revenue mix from residential sales to contracting.Investing.comSaudi Arabia stocks higher at close of trade; Tadawul All Share up 0.89% By Investing.comSaudi Arabia's Tadawul All Share index closed up 0.89%, reaching a one-month high driven by gains in the Media & Publishing, Energy & Utilities, and Insurance sectors. Raydan Co and Al Sorayai Trading&Industrial Group were among the top performers, while Saudi Enaya Cooperative Insurance was the worst performer. The broader market saw rising stocks outnumber declining ones by approximately two to one.ArabnewsClosing Bell: Saudi main index rises to close at 10,919Saudi Arabia's Tadawul All Share Index rose 0.89% to close at 10,919.68 on Sunday, with 186 stocks advancing. Qassim Cement Co. announced a SR400 million financing deal with the Saudi Industrial Development Fund to build a fourth production line.ArabnewsClosing Bell: Saudi stocks edge higher as Tadawul closes at 10,845Saudi Arabia's Tadawul All Share Index edged higher on Monday, closing at 10,845.58 after gaining 28.57 points. Trading turnover reached SR5.299 billion, with 135 stocks advancing and 127 declining. Riyad Bank completed a SR10 billion sukuk offering, and several companies announced dividends, contracts, and credit facilities.SahmcapitalSaudi Enaya Opens Board Membership Nominations for 2027-2031 TermSaudi Enaya Cooperative Insurance Company announced on August 6, 2026 the opening of nominations for membership of its Board of Directors for the sixth term spanning January 8, 2027 to January 7, 2031. The company is seeking to fill 8 board seats, with the nomination window running from August 6 through September 5, 2026. Elected members will be determined at a General Assembly meeting following receipt of necessary regulatory approvals from competent authorities.SahmcapitalSaudi Enaya Posts SAR 25.01M Net Loss in the Six Months 2026Saudi Enaya Cooperative Insurance Co. reported a net loss of SAR 25.01 million for the six months ended June 30, 2026, swinging from a profit of SAR 0.68 million in the prior year period, with insurance revenues declining 30.32% year-on-year to SAR 73.10 million. The company faces material going concern uncertainty as accumulated losses of SAR 100.29 million represent 43.61% of share capital, prompting auditors to draw attention to this risk in their report. Saudi Enaya is pursuing a capital restoration plan involving a capital reduction and proposed rights issue, subject to regulatory approvals, following shareholder rejection of a proposed merger.SahmcapitalSaudi Enaya Approves Auditor Appointment for 2026-2027Saudi Enaya Cooperative Insurance Co. held its Ordinary General Assembly Meeting on June 28, 2026, achieving 7.65% shareholder attendance, where the Board of Directors' report and financial statements for the year ended December 31, 2025 were approved. Shareholders also voted to appoint company auditors for the second, third, and annual quarters of fiscal year 2026 and the first quarter of 2027, with fees to be determined. The meeting was conducted via the Tadawulaty system.ArabnewsSaudi insurers show mixed performance in Q1 earningsSaudi insurers reported mixed Q1 earnings, with Gulf Insurance Group and Tawuniya posting net profits while others declined or lost money. GIG's profit rose 61.44% to SR43.74 million, while Malath Cooperative fell 44.56% to SR5.47 million. The sector faces rising claims costs and geopolitical pressures.