According to the results of the company for the Saudi market (Tadawul) today, last year’s profits amounted to 59.32 million riyals, compared to 2018’s profits of 13.72 million riyals.
The company said in a statement to the Stock Exchange that the increase in profits during the comparison years is due to the increase in the profits of shareholders ’investment investments by 275%, as well as the increase in profits of policyholders’ investments 85% .
In addition to the increase in net underwriting income by 30% as a result of the increase in net earned premiums by 5%, which had a positive impact on the underwriting results.
Earnings per share for the company reached 0.56 riyals per share, compared to 0.01 riyals per share in 2018, knowing that the earnings per share was calculated based on the profit after zakat and tax.
