On May 4, 2026, Al-Etihad Cooperative Insurance Co. announced an update regarding its Board of Directors' recommendation to use statutory reserves to offset accumulated losses. The company received approval from the insurance authority on May 3, 2026, to utilize SAR 41,362 thousand from its statutory reserve balance to offset part of the company's accumulated losses. This follows the initial Board recommendation announced on April 16, 2026, and the proposal will be presented to the General Assembly for final approval.

Original announcement:

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