Salama says accumulated losses down 19.59% of capital

20/09/2020 Argaam

 

Salama Cooperative Insurance Co. said its accumulated losses decreased to 19.59% of the capital, equivalent to SAR 48.98 million, on June 30, 2020.

 

The company achieved net income attributable to shareholders for H1 2020 of SAR 3.4 million, which led to a decrease in accumulated losses by 6.5% compared to Dec. 31, 2019, the insurer said in a bourse statement.

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