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The Saudi Stock Exchange (Tadawul) announces changing the status of Amana Cooperative Insurance Co. as a result of its announcement of reducing its accumulated losses below 50%

AMANA INSURANCE 8310 -0.76% 10.50 -0.08

Based on the instructions and procedures related to listed companies with accumulated losses reaching 50% or more of its capital, issued by the board of the Capital Market Authority (CMA) pursuant to its resolution number 4-48-2013 dated 15/01/1435H corresponding to 18/11/2013G, and as a result to the announcement of Amana Cooperative Insurance Co. on Sunday 12/03/2017G that its accumulated losses has been reduced below (50%) of its capital, the Saudi Stock Exchange (Tadawul) under the aforementioned instructions and procedures will do the following:

 

  1. Suspend trading of the company’s shares for two hours from session opening of Monday 13/03/2017G , while orders maintenance will start from 11:30.
  2. Remove the accumulated losses flag mark from the exchange website.

 

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