“Etihad Insurance” recommends using the reserve balance to extinguish losses

Today, the Board of Directors of Al-Ittihad Cooperative Insurance Company recommended to the General Assembly to use the balance of the statutory reserve amounting to 41,362 thousand riyals in order to extinguish part of its accumulated losses amounting to 162,072 thousand riyals, which represents 32.4% of the company’s capital according to the financial statements for the year ending on December 31, 2025.

The company noted in a statement on its website "Saudi Arabia trading"by submitting the decision to the General Assembly for approval, after obtaining regulatory approvals from the relevant regulatory authorities, and the company will announce any fundamental developments in a timely manner.

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