| Element List |
Explanation |
| Introduction |
MetLife AIG ANB Cooperative Insurance Company announces that its accumulated losses reached 20.99% of its capital of SAR 180 million based on the unaudited financial results of April 2019 that was closed on 28/5/2019 G corresponding to 23/9/1440 H. |
| Date of reaching the capital loss |
2019-04-30 Corresponding to 1440-08-25 |
| Amount of accumulated losses |
37776492 |
| % of accumulated losses from the capital |
20.99 % |
| Reasons that led to these losses |
Lower written premiums compared to the amount of general and administrative expenses |
| Applied procedures and instructions |
The procedures and instructions related to listed companies with accumulated losses reaching 20% or more of capital shall apply to the company. |
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