Riyadh – Mubasher: Al-Ahlia Cooperative Insurance reported net losses of SAR 8.33 million ($2.22 million) in September to total SAR 21.88 million ($5.83 million) in the first nine months of 2016.
Accumulated losses stood at SAR 217.19 million by the end of September, representing 67.87% of the company's capital worth of SAR 320 million, according to a bourse statement on Monday.
Operating losses reached SAR 678,000 in September, to amount to SAR 11.75 million in the first nine months of 2016.
The company reported net losses of SAR 259,000 in August to total SAR 13.55 in the first eight months of 2016.
