The Saudi Stock Exchange (Tadawul) has said it will suspend Al Ahlia for Cooperative Insurance Co. trading for two hours in today’s session and will remove the company’s accumulated losses flag on the website.
Al Ahlia trading will resume at 11:30 AM local time.
The insurer announced on March 9 that its accumulated losses dropped below 50 percent to SAR 59.9 million, or 35 percent of its capital after its capital reduction last month.
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