Saudi Enaya cuts accumulated losses to 15% of capital

07/04/2019 Argaam

 

Saudi Enaya Cooperative Insurance Co. reported SAR 45.7 million in accumulated losses, accounting for 15.23 percent of its capital as of Jan. 1, 2019, the company said in a statement to Tadawul on Sunday. 

 

These losses were reduced as the company hiked its capital in October through a SAR 200 million rights issue in January.

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