Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company posted on Thursday net losses before Zakat of SAR 2.3 million.
Net losses reached SAR 11.88 million in the first four months of 2016, while accumulated losses amounted to SAR 213.3 million by the end of April, representing 53.3% of the company’s capital, according to a bourse filing.
The company is capitalised at SAR 400 million distributed acro9ss SAR 40 million shares with a nominal value of SAR 10.
Enaya earlier reported net losses before Zakat of SAR 944,000 in March.
