KSA - Amana Ins. widens net loss to SAR 57.3 mln in 2020
Tuesday, 03 30 2021, Category: Insurance and Reinsurance, Country: Saudi Arabia
Amana Cooperative Insurance Co. reported a net loss before Zakat of SAR 57.3 million in 2020, compared to a loss of SAR 27.7 million in 2019, due to an increase in net claims incurred and higher provision for doubtful receivables.
The insurer widened net loss before Zakat to SAR 33.8 million in Q4 2020, compared to a loss of SAR 4.6 million in Q4 2019.