Alinma Tokio Marine Company said that its accumulated losses rose to SAR 120.9 million or 60.5 percent of its capital after it reported a net loss of SAR 3.6 million for May.
At the end of April, the company said it had accumulated SAR 117.35 million in losses, representing 58.68 percent of its capital.
The Saudi market regulator’s new policy requires listed companies that have accumulated losses equal to 50 percent or more of their capital to publish monthly, unaudited financial updates.
|
Accumulated Losses |
|
|
May 2015 |
Period |
|
200 |
Capital (SAR mln) |
|
(120.9) |
Accumulated losses (SAR mln) |
|
60.50% |
Accumulated losses % |
|
Company’s loss (January-May) |
|
|
2015 |
Period |
|
(9.3) |
Net loss (SAR mln) |
|
20 |
Number of shares (mln) |
|
(0.47) |
EPS (SAR) |
|
Insurance Operations |
|
|
May 2015 |
Period |
|
112.3 |
Gross written premiums (SAR mln) |
|
29.5 |
Net written premiums (SAR mln) |
|
10.4 |
Net incurred claims (SAR mln) |
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