Riyadh-Mubasher: Al-Ahlia Cooperative Insurance said on Thursday that its accumulated losses reached SAR 203.39 million ($54.24 million) until the end of February 2016, representing 63.56% of capital.
The insurer recorded SAR 3.05 million in net losses before zakah in February, with losses per share of SAR 0.27.
The company operates with SAR 320 million ($85.33 million) in capital, divided into 32 million shares at a par value of SAR 10 ($2.67) each.
