On June 16, 2026, Al Sagr Cooperative Insurance Company announced that its Board of Directors recommended to the General Assembly the use of SAR 8.9 million from the company's statutory reserve balance to offset part of its accumulated losses totaling SAR 40.5 million, representing 13.5% of the company's capital based on financial statements for the three months ended March 31, 2026. The recommendation requires approval from the General Assembly and relevant regulatory authorities before implementation.

Original announcement:

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