Saudi Enaya Cooperative Insurance Co. Announces the decrease of its accumulated losses to 15.23 % from its capital
| Element List | Explanation |
|---|---|
| Introduction | Saudi Enaya announces a decrease in accumulated losses to 15.23 % of its capital, with accumulated losses of SAR 45.695 million or 15.23 % of he company's share capital of SR 300 million on 10 Jumada Al-Awwal, 1440 Hijri corresponding January 16, 2019. |
| Date of accumulated losses decrease | 2019-01-16 Corresponding to 1440-05-10 |
| Amount of accumulated losses | SAR 45.695 million |
| procedures that the company applied to decrease the accumulated losses | The reason for decrease in accumulated losses is the increase in the company’s share capital through the issuance of right shares amounting to SAR 200 million during the month of January 2019.
We attached the auditor's report to the shareholders including the statement of financial position. The procedures for the listed companies in Saudi Stock exchange having accumulated losses of less than 20% of share capital, will be applied. |
| Financial Advisor Report |  |
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