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The Saudi Stock Exchange (Tadawul) announces that the accumulated losses of Allied Cooperative Insurance Group has reached 20% or more and less than 35% of its capital

ACIG 8150 56.30% 18.60 6.70

Based on the instructions and procedures related to listed companies with accumulated losses reaching 20% or more of its capital, issued by the board of the Capital Market Authority (CMA) pursuant to its resolution number 4-48-2013 dated 15/1/1435H corresponding to 18/11/2013G amended by the board of the Capital Market Authority pursuant to its resolution number 1-130-2016 dated 23/1/1438H corresponding to 24/10/2016G, and as a result to the announcement of Allied Cooperative Insurance Group dated 09/05/2017  that its accumulated losses reached (34.65%) of its capital, and since this percentage of accumulated losses represents 20% or more and less than 35% of its capital, the Saudi Stock Exchange (Tadawul) under the aforementioned instructions and procedures will do the following:

  1. Put a yellow flag next to the company’s name on Tadawul website.

 

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