Riyadh-Mubasher: Saudi Enaya Cooperative Insurance posted SAR 3.46 million ($0.92 million) in net losses before zakah for February 2016.
Thus, the insurer's losses totalled SAR 8.63 million ($2.29 million) in January and February.
Enaya's accumulated losses amounted to SAR 209.06 million ($55.75 million) as on 29 February 2016, representing 52.26% of capital.
The company operates with SAR 400 million ($106.67 million) in capital, divided into 40 million shares at a par value of SAR 10 ($2.67) each.
