ASHIELD Announces the Correction in the Previous Announcement

20/01/2014 10:19 AST

Further to the announcement published on Tadawul's website on 19-01-2014 related to Arabian Shield Cooperative Insurance Company announces the interim financial results for the period ending on 31-12-2013 (Twelve Months) where the announcement mention that Reasons of increase for the quarter compared with same quarter last year is due to the increase in the net written premiums and the increase of the company technical reserves as instructed by the actuary in line with the regulators requirements.

While the correction is Reasons of increase for the quarter compared with same quarter last year is due to the increase in the net written premiums and the decrease in the net claims incurred despite the increase of the company technical reserves as instructed by the actuary in line with the regulators requirements.


Tadawul

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Tadawul

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