Riyadh-Mubasher: Sanad Cooperative Insurance achieved SAR 1.1 million ($293,274) net losses in July.
The seven-month period losses reached SAR 1.3 million ($346,597), according to a bourse filing on Wednesday.
The company’s accumulated losses reached SAR 166.14 million in July, representing 84% of its capital.
The Saudi-listed company achieved SAR 4.87 million net profits in June to reduce its net losses to SAR 219,000 in six months.
