Board Of Directors Report

Overview

The report presents Al Sagr Cooperative Insurance Company's FY2023 review, highlighting a return to tangible profits after prior losses and expanded digital insurance operations. It reports 2023 insurance revenue of 486,225 thousand Riyals under IFRS 17. Operational highlights include a launched WhatsApp service, new digital broker agreements, claims-registration automation, and paperless processes. The report also covers extensive governance, risk, and internal-control activities.

Document

Report type: Annual Report
Class: Financial
Scope: Full report
Fiscal year: 2023
Period: 1 January 2023 – 31 December 2023
Language: English
Pages
File size
Restatement: Disclosed

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