The Gulf Insurance Group announced that it recorded an annual profit of 13.35 million dinars in the past year, compared to a profit of 11.9 million dinars in 2018, an increase of 12.2%.

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The company said in a statement to the Kuwaiti Stock Exchange today, Monday, that the increase in profits is mainly due to the increase in the net operating profit of the group by 37.8%, which resulted from the increase in total premiums Subscribed to the group by about 8%.

The company recorded a profit of 2.64 million dinars in the fourth quarter of last year, a growth of 103%, compared to the profit for the corresponding period of 2018 of 1.3 million dinars. < / p>

The Board of Directors of the Group, in its meeting held on Sunday, recommended distributing 38% cash dividends for the previous year, at 38 fils per share, with a total value of 7.08 million dinars.