“Saiko” agrees to use part of the reserve to extinguish the accumulated losses

The Board of Directors of the Saudi Arabian Cooperative Insurance Company (SAICO) announced the results of the extraordinary general assembly meeting (second meeting) held yesterday, Monday.
The company said in a statement on Saudi Tadawul: The results of the vote on the assembly’s agenda included approval to use part of the company’s statutory reserve amounting to 43,693 thousand riyals, in order to extinguish its accumulated losses amounting to 39,090 thousand riyals as in the preliminary financial statements for the period ending on September 30, 2024 AD. .