Mubasher TV
Contact Us Advertising   العربية

Trading on Amana’s shares suspended on losses cut

Trading on Amana’s shares suspended on losses cut
(Photo archive)
AMANA INSURANCE
8310
29.52% 13.60 3.10

Riyadh – Mubasher: The Capital Market Authority (CMA) suspended trading on Amana Cooperative Insurance Company’s shares for two hours.

The suspension will be on the opening session of Monday, while “orders maintenance” will start from 11:30am KSA time, according to a bourse filing on Monday.

Moreover, the CMA also removed the accumulated losses flag mark from the exchange website.

The CMA's actions came after Amana’s accumulated losses decreased below 50% of capital to reach SAR 31.05 million and represent 22.18% of the capital.

The company said earlier that the losses shrinkage is mainly due to cutting the capital to SAR 140 million.