Walaa Insurance to increase technical reserves by SAR 3 mln

18/03/2018 Argaam

 

Walaa Cooperative Insurance Company's technical reserves will increase by SAR 2.8 million following an updated valuation report from the appointed actuary last Thursday, it said in a statement to Tadawul.

 

The impact of the increase will be reflected on 2017 financial statements after the approval of auditors, audit committee, board of directors and Saudi Arabian Monetary Authority (SAMA).

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