Riyadh – Mubasher: Saudi Enaya Cooperative Insurance reported losses of SAR 2.12 million ($563,000) in September to total SAR 21.8 million ($5.8 million) in the first nine months of 2016.
Accumulated losses reached SAR 223.84 million by the end of September, representing 55.96% of the company's capital of SAR 400 million.
Gross insurance written premiums reached SAR 5.6 million in September to total SAR 89.3 million in nine-month period, according to a bourse statement on Tuesday.
Net losses stood at SAR 3.46 million in August, amounting to SAR 19.68 million in the first eight months of 2016.
