Saudi Enaya Cooperative Insurance Company announces the financial results prepared by the Management of the Company for the month ended 30/09/2016


  1. The net loss before zakat during the month of September 2016 is SR 2,124K.
  2. The deficit from insurance operations during the month of September 2016 is SR 2,016K.
  3. The Gross Written Premiums (GWP) during the month of September 2016 is SR 5,624K. The Net Written Premiums (NWP) during the month of September 2016 is SR 3,446K.
  4. The net claims incurred during the month of September 2016 is SR 1,548K.
  5. The net gain on investments of shareholders' funds during the month of September 2016 is SR 20K.
  6. The net loss before zakat during the 9 months period is SR 21,806K.
  7. The deficit of insurance operations during the 9 months period is SR 23,541K.
  8. The Gross Written Premiums (GWP) for the 9 months period is SR 89,300K. The Net Written Premiums (NWP) for the 9 months period is SR 53,431K.
  9. The net claims incurred during the 9 months period is SR 24,922K.
  10. The net gain on investments of shareholders' funds during the 9 months period is SR 3,106K.
  11. The loss per share during the 9 months period is SR 0.55.
  12. The accumulated losses as at September 2016 have reached SR 223,836K representing 55.96% of the Company's capital.
  13. In application of the Capital Market Authority procedures and guidelines issued by decision number 2013-48-4 dated 15/01/1435H relating to companies with 50% or more accumulated losses to capital and further to the Company's announcement dated 02/05/1437H corresponding to 11/02/2016G related to accumulated losses reaching 51.28% of its capital, the Company confirms its continued compliance with those procedures and guidelines. Attached are the financial results issued by the management for the period ended 30/09/2016

 

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