Salama Insurance’s accumulated losses shrink to 70.6% after October’s net profit

Salama Cooperative insurance Company reported a net profit of SAR 176,000 for the month of October making a net profit of SAR 5.2m in the first ten months of 2014.

Salama’s accumulated losses declined to SAR 70.6m or 70.6% of its capital after reporting October’s net profit.