Alinma Tokio Marine cuts accumulated losses to 2.96%

16/05/2017 Argaam

Alinma Tokio Marine Co. has reduced its accumulated losses to SAR 8.9 million, or 2.96 percent of capital, the insurer said in a statement to Saudi bourse, Tadawul.

 

The company offset SAR 150 million in accumulated losses, on a 33.33 percent capital reduction to SAR 300 million from SAR 450 million through cancelling 15 million shares.

 

The capital cut will likely have no impact on the company’s financials. 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.