GULF UNION ALAHLIA
8120
-0.79%
12.56
-0.10
8120
Riyadh – Mubasher: Gulf Union Cooperative Insurance announced offsetting its accumulated losses, which have reached SAR 73.6 million, by 33.5%.
Decreasing the accumulated losses was attributed to reducing the company’s capital after obtaining the regulatory approvals, according to a bourse filing.
The offset losses was turned into retained profits worth SAR 17.578 million.
Source:
Mubasher