SAUDI ENAYA BOOSTS ITS TECHNICAL RESERVE FOR 2013

14/01/2014 Argaam

Saudi Enaya Cooperate Insurance Company (Enaya) would like to announce that it has assigned a Premium Deficiency Reserve of SR 3.5 Mil. This reserve is based on the independent actuary study dated Tuesday 14/01/2014G, in accordance with SAMA Implementation Regulations for Insurance Companies. Consequently, this additional reserve will impact the company's Financial Statements for the 4th quarter in the financial period ended Dec. 31st 2013.

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