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FINANCIAL NEWS
Saudi insurance sector records USD200m profit in 2014
27 Apr 2015
(MENAFN) The 37 listed Saudi insurance firms recorded an accumulated profit of USD200 million in 2014, compared to USD380 million losses recorded back in 2013, Gulf News reported.
With such results, Saudi Arabia stands as the second-best insurance market in the Gulf Cooperation Council (GCC), especially when its whole economy is poised to accumulate further growth.
“Despite this significant growth, Saudi Arabia has the lowest insurance density in the GCC and one of the region’s lowest penetration levels.” Moody’s insurance sector analyst said.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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