SAR1bn injected into 12 insurance firms??? reserves
Twelve listed insurance companies have allocated SAR1 billion to boost their technical reserves. The funds account for 20 percent of their capital outlay, amounting to SR5.2 billion, an analytical study prepared by Al-Eqtisadiah daily said. The Cooperative Insurance Company (Tawaniya) captured the biggest ratio of fund increases to boost its reserve portfolio to SAR547 million, or […]
