Logo ofAl-Etihad Cooperative Insurance Co.
Al-Etihad Cooperative Insurance Co. said it obtained the Insurance Authority’s (IA) approval onMay 3to utilize its full statutory reserve of SAR 41.36 million to offset part of its accumulated losses. 
In a statement to Tadawul, the insurer noted that the approval is not final and will be presented to the general assembly for ratification.
Last month, Al-Etihad Insurance announced that its board of directors recommended to the general assembly the utilization of statutory reserve balance of SAR 41.36 million.
This move aims to offset part of the company’s accumulated losses, which stood at SAR 162.07 million, representing 32.4% of its capital, accordingto 2025 financial statements.
Logo ofAl-Etihad Cooperative Insurance Co.
Al-Etihad Cooperative Insurance Co. said it obtained the Insurance Authority’s (IA) approval onMay 3to utilize its full statutory reserve of SAR 41.36 million to offset part of its accumulated losses.
In a statement to Tadawul, the insurer noted that the approval is not final and will be presented to the general assembly for ratification.
Last month, Al-Etihad Insurance announced that its board of directors recommended to the general assembly the utilization of statutory reserve balance of SAR 41.36 million.
This move aims to offset part of the company’s accumulated losses, which stood at SAR 162.07 million, representing 32.4% of its capital, accordingto 2025 financial statements.
