Riyadh – Mubasher: Al-Ahlia Cooperative Insurance’s net earnings before zakah reached SAR339,000 in March 2016, as per the company's financial statements.
Accordingly, the company’s net accumulated losses declined 63.41% of capital to SAR202.92 million.
The company operates with SAR320 million, distributed over 32 million shares at a par value of SAR10 each.
Earlier, the company added a net accumulated loss of SAR3.05 million in February to reach SAR203.39 million (SAR203.39 million), representing 63.56% of capital.
On an annual basis, the company’s losses widened by 1.6% to SAR53.94 million from SAR53.1 million.
