Al Rajhi Cooperative Insurance Company Takaful Al Rajhi rose 88.6%, with Zakat 68.51 million riyals in the first quarter of 2021, for about 36.3 million riyals in the same quarter.
According to Arab Net, Takaful Al Rajhi's profits on a quarter of 25.1% compared to a net profit of SR 54.76 million in the fourth quarter of 2020,
In a statement on Thursday, Takaful Al Rajhi said on Thursday that heightening earnings in the first quarter of 2021, on an annual basis, mainly due to the improvement in the net cost of SR 46.3 million (10.68%), which is partially capable in net premiums Recommended at $ 27.97 million (4.74%).
In addition, public and administrative expenses, and dedicated debts doubtfully fell by 15.5 million riyals (19.08%) and 13.5 million riyals (77.96%), respectively.
The financial results of Al Rajhi Cooperative Insurance Company has shown its net profit before zakat by 131.3% in 2020, up to 251.8 million riyals, against profits before Zakat about 108.9 million riyals in 2019.
