Alinma Tokyo Marine insurance Company’s accumulated losses increased to SAR 103.4m or 51.7% of its capital by the end of October 2014.
Based on the Capital Market Authority’s (CMA) instructions and procedures related to listed companies with accumulated losses reaching 50% or more of its capital, the Company will do the following:
The shares of the Alinma Tokyo Marine will be suspended for two hours from the opening of Monday November 10th session, orders will be maintained at 12:30 pm; Tadawul commented in a separate statement adding that it will mark the company on its website with a yellow flag in line with the applicable procedures for this case.
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