KSA – Ins. profits to grow 100% in Q2
Tuesday, 07 31 2018, Category: Insurance and Reinsurance, Country: Saudi Arabia
Saudi insurance companies will soon announce their half-yearly results of 2018. Listed insurers achieved a significant growth in profits during the second quarter of this year compared to the first quarter of the same year (2018).
Moreover, Saudi insurance companies achieved total profits of SAR 47.5 million (USD 12.6 million) during the first quarter of the current year 2018. However, profits are expected to reach SAR 100 million (USD 26.6 million) during the second quarter, i.e. they will grow by 100% compared to the first quarter.
Source: Asharq Al Awsat Newspaper