Logo ofAl Sagr Cooperative Insurance Co.
Shareholders of Al Sagr Cooperative Insurance Co. will convene an extaoridnary general meeting (EGM) on Nov. 22 to vote on transferring the entire statutory reserve balance of SAR 8.9 million to trim accumulated losses. 
Accumulated losses stood at SAR 39.4 million, representing 13.1% of the SAR 300 million capital, as of June 30, the company said in a statement to Tadawul today, Nov. 1.
The planned reserve transfer should bring accumulated losses to 10.1% of Al Sagr’s capital.
Shareholders will also vote on electing board members for a three-year term ending Nov. 22, 2029.
Al Sagr turned to a net profit of SAR 2.1 million in H1 2026, compared to a net loss of SAR 33.3 million in the year-earlier period, according to Argaam’s data.
Logo ofAl Sagr Cooperative Insurance Co.
Shareholders of Al Sagr Cooperative Insurance Co. will convene an extaoridnary general meeting (EGM) on Nov. 22 to vote on transferring the entire statutory reserve balance of SAR 8.9 million to trim accumulated losses.
Accumulated losses stood at SAR 39.4 million, representing 13.1% of the SAR 300 million capital, as of June 30, the company said in a statement to Tadawul today, Nov. 1.
The planned reserve transfer should bring accumulated losses to 10.1% of Al Sagr’s capital.
Shareholders will also vote on electing board members for a three-year term ending Nov. 22, 2029.
Al Sagr turned to a net profit of SAR 2.1 million in H1 2026, compared to a net loss of SAR 33.3 million in the year-earlier period, according to Argaam’s data.
