Riyadh – Mubasher: Sanad Cooperative Insurance suffered losses of SAR 1.791 million ($477,000) in November 2016.
The company’s losses amounted to SAR 8.117 million ($2.2 million) for the first eleven months of 2016.
The accumulated losses reached SAR 174 million by the end of November, representing 87% of the SAR 200 million capital.
The insurance company suffered losses of SAR 1.96 million ($523,000) in October 2016.
The company’s accumulated losses amounted to SAR 6.3 million ($1.68 million) for the first ten months of 2016.
