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Assaj Cuts Losses to 47.33 Percent
The United Cooperative Insurance Group (Tawuniya) announced a reduction of its accumulated losses by 47.33% of its capital, amounting to approximately 137.73 million Riyals, as of June 30, 2026. This improvement results from enhanced financial performance in the second quarter of the year, during which the company recorded growth in insurance revenues, an increase in net investment income, and operational profits. This positive development reflects successful strategies to improve operational efficiency and reduce costs, with a focus on strengthening the financial position and ensuring sustainable profits.
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