Al Alamiya Insurances acculumated losses reduced less than 50%

16/02/2015 08:59 AST

Al Alamiya for Cooperative Insurance Company announces the decrease of its accumulated losses to less than 50% of its capital as the accumulated losses amounted SAR126,042,396 representing 31.51% of its capital. The reason for the decrease in the percentage of these losses is due to the increase of the company capital to SAR400 Million through rights issue. Attached is the Auditors Report illustrating the company financial position after the adjustment.


Tadawul

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Tadawul

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In relation to the announcement of the company dated 24/6/1435H corresponding to 24/4/2014G on the receipt of the conditional approval from SAMA on the Raise of capital, Al Alamiya for Cooperative In

Tadawul

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