FINANCIAL NEWS

Saudi Malath Insurance profit hits SAR2.15m

19 Sep 2016

(MENAFN) Malath Insurance Co. proclaimed that the net profit before Zakat touched SAR2.15mn in August this year.

Additionally, net loss before Zakat for the eight-month period retreated to USD31.17mn.

However, the firm”s losses reached SAR179.15mn in the same month, showing 59.72 percent of the SAR300mn capital.

The firm posted SAR7.7mn net profit before Zakat in July; while the net loss before Zakat for the seven-month period hit SAR119.05mn.

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