Riyadh-Mubasher: Solidarity Saudi Takaful posted accumulated losses of SAR 325.9 million until the end of December 2015, representing 58.73% of capital.
The insurer recorded SAR 8 million in net losses before zakah in December.
Net losses before zakah for the 12-month period ended 31 December reached SAR 51.5 million, with the loss per share reaching SAR 0.93.
According to market regulations, the companies whose accumulated losses exceed 50% of capital are required to release their financials on a monthly basis.
