‎SAICO shareholders OK use of statutory reserve to offset accumulated losses

‎SAICO shareholders OK use of statutory reserve to offset accumulated losses ‎SAICO shareholders OK use of statutory reserve to offset accumulated losses

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Logo ofSaudi Arabian Cooperative Insurance Co. (SAICO)

Saudi Arabian Cooperative Insurance Co.’s (SAICO)shareholders approved using a part of its statutory reserve balance of SAR 43.69 million to fully offset its accumulated losses.

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The approval came during the extraordinary general meeting (EGM) held on Dec. 30.

For more news on listed companies

 

Logo ofSaudi Arabian Cooperative Insurance Co. (SAICO)

Saudi Arabian Cooperative Insurance Co.’s (SAICO)shareholders approved using a part of its statutory reserve balance of SAR 43.69 million to fully offset its accumulated losses.

The approval came during the extraordinary general meeting (EGM) held on Dec. 30.

For more news on listed companies

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