Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company announced that its accumulated losses have been decreased to 7.8 % of the capital, which is valued at SAR 150 million.

As of 30 April, the company’s accumulated losses reached SAR 11,714, according to a statement to the Saudi Stock Exchange (Tadawul) on Thursday.

The company attributed the decline in accumulated losses to its decision to reduce capital through the cancellation of 15 million shares.