Logo of Al Sagr Cooperative Insurance Co.
Al Sagr Cooperative Insurance Co. board of directors, in a meeting held today, June 16, recommended using the balance of statutory reserve amounting to SAR 8.9 million to offset part of its accumulated losses of SAR 40.5 million. 
These losses represent 13.5% of company’s capital as per the financial statements for the three months period ended March 31, 2026, according to a Tadawul statement.
The recommendation will be submitted to the company’s general assembly for approval after obtaining the required approvals from the relevant regulatory authorities.
The company also noted that it will announce any major development in this regard in due course.
According to Argaam’s data, Al Sagr Insurance reported SAR 1 million net profit for Q1 2026, against SAR 17.9 million net loss in the same period a year earlier.
Logo of Al Sagr Cooperative Insurance Co.
Al Sagr Cooperative Insurance Co. board of directors, in a meeting held today, June 16, recommended using the balance of statutory reserve amounting to SAR 8.9 million to offset part of its accumulated losses of SAR 40.5 million.
These losses represent 13.5% of company’s capital as per the financial statements for the three months period ended March 31, 2026, according to a Tadawul statement.
The recommendation will be submitted to the company’s general assembly for approval after obtaining the required approvals from the relevant regulatory authorities.
The company also noted that it will announce any major development in this regard in due course.
According to Argaam’s data, Al Sagr Insurance reported SAR 1 million net profit for Q1 2026, against SAR 17.9 million net loss in the same period a year earlier.
