|02 January, 2020

Salama’s board approves to offset accumulated losses

Losses will be offset via annual profits

Dubai – Mubasher: The board of Islamic Arab Insurance Company (Salama) decided during its recent meeting to extinguish its accumulated losses.

The board discussed offsetting the accumulated losses through the future annual profits without reducing the capital as recommended by the shareholders on 10 October, according to a statement by the Dubai Financial Market (DFM) on Thursday.

Source: Mubasher

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