Riyadh – Mubasher: Saudi Enaya Cooperative Insurance reported a decline in its accumulative losses to SAR 24.28 million, representing 2.12% of its capital.

The losses decreased after offsetting the losses through a 50% capital reduction to SAR 200 million from SAR 400 million.

The Saudi Stock Exchange (Tadawul) announced, after decreasing the losses, to remove the accumulated losses flag mark from the exchange website.

Moreover, the bourse said that it will suspend trading of the company’s shares for two hours from session opening of Thursday 27 October, 2016, while orders maintenance will start from 11:30 KSA time.