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Addendum Announcement from Salama Cooperative Insurance Co. in regards to announcement of annual financial result ending on 31 December 2019

SALAMA 8050 -1.29% 34.30 -0.45
Element List Explanation
Date of Posting the Previous Announcement of Development on Tadawul's Website 2020-03-26 Corresponding to 1441-08-02
Change on the Development Further to the company's announcement posted on Tadawul on 26/3/2020, regarding the annual financial results ending on December 31, 2019, the company would like to note the following:
Financial Impact on the change Earnings per share was calculated on the net profit after calculating Zakat for the same period for the years 2019 and 2018

2- The accumulated losses as of 12/31/2019 amounted is 52,407 thousand Saudi riyals, representing 20.96% of the capital. The reason for the increase in the accumulated losses is due to incurring a loss in the year ended December 31, 2019 of 60,115 thousand Saudi riyals. The procedures and instructions will be applied to listed companies in the Saudi Stock Exchange market, whose accumulated losses reached 20% or more of its capital.

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