-+ 0.00%
-+ 0.00%
-+ 0.00%
Allied Cooperative Insurance Trims Accumulated Losses to 47.3% of Capital
Share
Listen to the news
09:27 AM EDT, 08/12/2026 (MT Newswires) -- Allied Cooperative Insurance (SASE:8150) said Wednesday that its accumulated losses fell to 137.7 million Saudi riyals, equivalent to 47.3% of its capital. The Saudi-listed insurer said the reduction in accumulated losses was driven by higher insurance revenues, increased net investment returns, and a profit from insurance results.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending