Saudi Enaya Cooperative Insurance Company announces receipt on 03-05-2018 the recommendation of the actuary to increase the technical reserves to meet the potential claims. The Company expects that the adoption of this recommendation will have a material negative impact on the results of the Company. 
These losses shall be reflected in the financial statements of the Company for Q1 2018 and the announcement of the financial statements for Q1 2018 will include the percentage of the accumulated losses after approval of Auditors, Audit committee, Board of Directors and SAMA. This announcement is made following the companys commitment to its shareholders by complying with relevant disclosures and transparency regulations in the kingdom

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