Saudi Arabia – SAR 2.5 billion insurance profits in 2016
Friday, 01 20 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
The profits of listed insurance companies in the Saudi stock market “Tadawul” increased to SAR 2.5 billion by year end 2016. This represents a 141% increase in profits over the previous year 2015 when profits reached SAR 1044 million.
The profits of the fourth quarter of year 2016 increased to SAR 785 million, which represents a strong increase of 350% compared to the same quarter of year 2015 when profits reached only SAR 174 million.
Source: Mal Newspaper