Riyadh – Mubasher: United Cooperative Assurance Company will reduce its accumulated losses to SAR 113.6 million, representing 28.4% of the capital, according to a bourse filing on Sunday.

The amount will be instead of SAR 145.54 million, which accounted for 36.39% of the capital.

The decline in accumulated losses was implemented by using SAR 31.94 million of the statutory reserve, as approved by the shareholders in August.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.