Saudi Enaya Cooperative Insurance on Tuesday filed for regulatory approval of its planned 50 percent capital reduction, the company said in a bourse statement.

 

The filing was submitted to Capital Market Authority (CMA).

 

Last week, the insurer’s board of directors recommended a 50 percent capital reduction to SAR 100 million from SAR 200 million to offset accumulated losses, Argaam previously reported.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Saudi Enaya recommends 50% capital cut to offset losses

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request