Allied Cooperative Insurance Cuts Accumulated Losses to 47.33% of Capital
ACIG 8150.SA | 0.00 |
On August 12, 2026, Allied Cooperative Insurance Group(8150.SA) announced a reduction in its accumulated losses to 47.33% of its capital, equivalent to SAR 137.726 thousand, as of June 30, 2026. The decrease is primarily attributed to improved financial performance during the second quarter of 2026, driven by higher insurance revenues, increased net investment returns, and profitable insurance results. The company's Board of Directors and Executive Management stated their continued commitment to enhancing operational efficiency and cost management to further improve profitability. An external auditor's report detailing the company's financial position has been made available to shareholders.
Original announcement:
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