Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) announced a reduction in its accumulated losses to 47.33% of its capital as of 30 June 2026.
The company’s accumulated losses currently stand at SAR 137.73 million against a total capital of SAR 291 million, according to a bourse filing.
ACIG attributed the improvement in its financial position to a stronger performance during the second quarter (Q2) of 2026. Key drivers included an increase in insurance revenues, higher net investment returns, and positive insurance service results.
According to the company’s statement of financial position, total assets reached SAR 865.80 million, while total liabilities were recorded at SAR 647.76 million.
Furthermore, total equity stood at SAR 218.04 million at the end of the period.
The Board of Directors and executive management of ACIG confirmed they are continuing to implement measures to enhance operational efficiency and optimize costs to further increase profitability.
An independent auditor's report, issued on 9 August 2026, verified the recalculated loss percentage to ensure compliance with Capital Market Authority (CMA) regulations for listed companies with accumulated losses exceeding 20% of capital.
