On July 15, 2026, Alsagr Cooperative Insurance Co. announced that it has received approval from the insurance authority to use its statutory reserve balance of SAR 8.9 million to offset part of the company's accumulated losses of SAR 40.5 million, which represent 13.5% of the company's capital based on financial statements for the three months ended March 31, 2026. This development follows the Board of Directors' recommendation dated June 16, 2026, which was initially announced on the Saudi Exchange. The approval is not yet final, as the matter will be presented at a General Assembly meeting for ultimate ratification.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.