Malath Cooperative Insurance Co. Announces the Decrease of its Accumulated Losses to 19.64 % of the Capital

15 May 2025 08:03 AM

MALATH INSURANCE 8020 -1.41% 13.31 -0.19

Element List	Explanation
Introduction	Malath Cooperative Insurance Co. Announces the Decrease of its Accumulated Losses to 19.64 % of the Capital
Date of accumulated losses decrease	2025-03-31 Corresponding to 1446-10-02
Amount of the Accumulated Losses	The accumulated losses currently stand at 98.2 million Saudi Riyals, which represents 19.64%of the capital.
Percentage of the Accumulated Losses out of the Capital (%)	19.64 %
Measures Taken by the Company to Decrease Accumulated Losses	The decrease in accumulated losses is primarily due to increased revenues and improved operational performance in previous quarters. Under the leadership of the Board of Directors and executive management, the company continues its efforts to improve operational efficiency and maintain profitability.
The external auditor’s report clarifying the financial position of the company
Additional Information	Attached is the external auditor's report, which includes the company's statement of financial position as at March 31, 2025.