On April 15, 2026, The United Cooperative Assurance Company announced receiving a "No Objection Letter" from the Insurance Authority on April 14, 2026, to utilize its statutory deposit of SAR 60,000,000 (sixty million Saudi Riyals). The utilization aims to preserve the rights of shareholders, policyholders, and creditors while enhancing the company's efforts to maintain operational continuity. The company will reconstitute the statutory deposit in accordance with the Cooperative Insurance Companies Control Law and its Implementing Regulations.

Original announcement:

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