Al Jazeera Takaful's profits rose 4.3%, with net profit before zakat and income tax 13.9 million riyals in the first quarter of 2020, compared to SR 13.4 million for the same quarter. P>
According to Arab Net, the company in a statement reason for increased net subscription results for SR 5.1 million, equivalent to 27.84%, due to the completion of the acquisition of Solidarity Saudi Arabia Takaful. P>
Net premiums brought for the first quarter of 33.3 million riyals, for about 12.8 million riyals for the same quarter of the previous year, an increase of 160.55%, as a result of the growth of total installments written by 13.36%, as well as the acquisition of Saudi Solidarity Takaful. P>
Documents investments in the first quarter of 3 million riyals, compared to about 2.8 million riyals for the same period last year, an increase of 10.94%, while shareholders' investments for this quarter were 3.3 million riyals, compared to 3 million riyals for the same quarter of the previous year, An increase of 6.92%. P>