Correction announcement from Al Sagr Cooperative Insurance Co. in regards to Al Sagr Cooperative Insurance Co. announcement of its Interim Financial Results for the Period Ending on 30-06-2021 ( Six Months )

02 December 2021 03:32 PM

ALSAGR INSURANCE 8180 48.73% 32.90 10.78

Element List	Explanation
Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website	2021-12-01 Corresponding to 1443-04-26
URL of the Previous Announcement	Click Here
Incorrect statements in the previous announcement	In the element number 3 of the explanation in Arabic stated: The reason of decrease in Net Loss before Zakat & Tax for the current quarter compared with Net Loss before Zakat & Tax of the same period of previous year is due to the net impact of decrease in total insurance operations revenues by SR 50.3 million a drop of 25% and decrease in net claims and other benefits incurred by SR 47 million a drop of 21%.
Correct Statement	The correct explanation in Arabic is: The reason of increase in Net Loss before Zakat & Tax for the current period compared with Net Loss before Zakat & Tax of the same period of previous year is due to the net impact of decrease in total insurance operations revenues by SR 50.3 million a drop of 25% and decrease in net claims and other benefits incurred by SR 47 million a drop of 21%.

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