Amana will announce when it submits the capital reduction application to the CMA
Amana Cooperative Insurance Co. appointed Audi Capital as its financial advisor for its proposed capital reduction process, to handle all related regulatory procedures. 
In a statement to Tadawul, the company said that it will announce the submission of the capital reduction application to the Capital Market Authority (CMA), as well as any material developments related to the process.
Amana’s board recently recommended reducing the company’s capital by 30% from SAR 430 million to SAR 301 million, to restructure its capital and write off SAR 129 million of accumulated losses, Argaam reported.
Amana’s losses rose to SAR 23.2 million in H1 2026, compared with a loss of SAR 249,000 in the same period of 2025. Accumulated losses stood at around SAR 211.05 million at the end of H1 2026, equivalent to 49.08% of the company’s capital.
Amana will announce when it submits the capital reduction application to the CMA
Amana Cooperative Insurance Co. appointed Audi Capital as its financial advisor for its proposed capital reduction process, to handle all related regulatory procedures.
In a statement to Tadawul, the company said that it will announce the submission of the capital reduction application to the Capital Market Authority (CMA), as well as any material developments related to the process.
Amana’s board recently recommended reducing the company’s capital by 30% from SAR 430 million to SAR 301 million, to restructure its capital and write off SAR 129 million of accumulated losses, Argaam reported.
Amana’s losses rose to SAR 23.2 million in H1 2026, compared with a loss of SAR 249,000 in the same period of 2025. Accumulated losses stood at around SAR 211.05 million at the end of H1 2026, equivalent to 49.08% of the company’s capital.
