Riyadh – Mubasher: Al Ahlia Cooperative Insurance company on Thursday announced achieving a net profit of SAR 250,000 ($66,700) in October 2016.
Its losses declined to SAR 21.6 million ($5.76 million) in 10 months.
Accumulated losses reached SAR 217.57 million by the end of October, accounting for 68% out of the company’s capital of SAR 320 million, according to the company’s statement on Tadawul.
Al-Ahlia previously reported a net loss of SAR 8.33 million in September, to raise its nine-month losses to SAR 21.88 million.
