Saudi Enaya Cooperative Insurance Company announces receipton on 12/03/2018 of the updated valuation report from the appointed actuarial expert. The report shows a net increase of SR 0.49 million in technical reserves. These figures will be reflected in the financial statements for 2017 following the approval of the auditors, the Audit Committee, the Board of Directors and the Saudi Arabian Monetary Agency. Accordingly, if approved, the impact on the financial statements ended 31 December 2017 will be SR 0.49 million.
The company asserts that the increase in the reserves on the financial statements is not significant and that this announcement comes as a commitment of the company towards its shareholders and in compliance with the relevant disclosure and transparency regulations in the Kingdom

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