Riyadh - Mubasher: Amana Cooperative Insurance reported a net loss of SAR 1.1 million ($292,300) in November 2016, which decreases total profits in eleven months to SAR 3.6 million ($961,600), according to a bourse filing.
According to the company’s statement to the Saudi Stock Exchange (Tadawul) on Sunday, accumulated losses reached SAR 205.97 million by the end of November, which equals 64.37% of the company’s capital (SAR 320 million).
Amana registered a net loss of SAR 469,000 in October, which made the gross profits in the first ten months of the year reach SAR 4.7 million.
