According to the results of the company for the Saudi market (Tadawul) today, Wednesday, the profits for the period amounted to 8.25 million riyals, compared to the profits of the first quarter of last year amounting to 7.04 million riyals. p>
The company said in a statement to the Stock Exchange that the increase in profits during the comparison periods is mainly due to the increase in net underwriting results 43.5% as a result of the decrease in net incurred claims by 26.6%, and higher income The reinsurance commission is 97.8%.
The company explained that the decrease in profits of shareholders' investment investments during the first quarter of 2020 compared to the same quarter of the previous year, is due to a decrease in income from special commissions by 5.7%. < / p>
