SAUDI ENAYA BOOSTS ITS TECHNICAL RESERVE FOR 2013

14/01/2014 Argaam

Saudi Enaya Cooperate Insurance Company (Enaya) would like to announce that it has assigned a Premium Deficiency Reserve of SR 3.5 Mil. This reserve is based on the independent actuary study dated Tuesday 14/01/2014G, in accordance with SAMA Implementation Regulations for Insurance Companies. Consequently, this additional reserve will impact the company's Financial Statements for the 4th quarter in the financial period ended Dec. 31st 2013.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.