Al-Etihad Insurance board may tap statutory reserve to cut accumulated losses

Al-Etihad Insurance accumulated losses reached SAR 162.07 million, or 32.4% of capital.

Al-Etihad Cooperative Insurance Co.’s board of directors recommended the use of its statutory reserve balance of SAR 41.36 million to partially offset accumulated losses totaling SAR 162.07 million, representing 32.4% of capital, as per financial statements for the year ended Dec. 31, 2025.

In a statement to Tadawul, the company said that the recommendation will be submitted to shareholders for approval after obtaining the required regulatory clearances, noting it will disclose any material developments in due course.