Al Alamiya for Cooperative insurance Company reported a net loss of SAR 1.6m for the month of October making a net loss of SAR 31.4m for the first ten months of 2014.
 

Al Alamiya's accumulated losses increased to SAR 119.8m or 59.9% of its capital after reporting October’s net loss.

 

Accumulated losses

October 2014

Period

200

Capital (SAR mn)

(119.8)

Accumulated losses(SAR mn)

59.9%

Accumulated losses % of the capital
 

2014’s losses

October 2014

Period

( 31.4 )

Net losses (SAR mn)

20

Number of shares (mn)

(1.57)

EPS(SAR)
 

Insurance operations

October 2014

Period

57.2

Gross Written premiums (SAR mn)

25.6

Net written premiums (SAR mn)

10.8

Net incurred claims(SAR mn)
 

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