Riyadh – Mubasher: Sanad Cooperative Insurance achieved SAR 2.49 million ($663,814) net losses in August.
The eight-month period losses reached SAR 3.84 million, according to a bourse filing on Monday.
The company’s accumulated losses reached SAR 169.76 million by the end of August, representing 84.88% of its capital.
The Saudi-listed company achieved SAR 1.1 million net losses in July; the seven-month period losses reached SAR 1.3 million.
