Riyadh-Mubasher: Solidarity Saudi Takaful posted accumulated losses of SAR 336.9 million until the end of November 2015, representing 60.71% of capital.
The insurer recorded SAR 430,000 in net losses before zakah in November.
Net losses before zakah for the 11-month period ended 30 November reached SAR 59.5 million, with the loss per share reaching SAR 1.07.
According to market regulations, the companies whose accumulated losses exceed 50% of capital are required to release their financials on a monthly basis.
