KSA - Wataniya Ins. incurs SAR 7 mln loss in Q1 2020
Monday, 06 08 2020, Category: Insurance and Reinsurance, Country: Saudi Arabia
Wataniya Insurance Co. incurred a net loss before Zakat of SAR 7 million for Q1 2020, against a net profit of SAR 7 million a year earlier.
The losses were attributed to higher other operating expenses.
The company turned to losses, from a net profit of SAR 36 million in Q4 2019, due to a rise in net incurred claims.