The Arab Cooperative Insurance Company has increased by 15.3%, with net profit before Zakat reached 40.8 million riyals in 2020, for about 35.4 million riyals in 2019.
According to Arab Net, he said in a statement that a net profit in 2020 was on an annual basis, dating back in net claims incurred and changing the doubtful debt and the rise in insurance and height revenues in other revenues.
The results of the company's operational processes rose 31.9% to 37.58 million riyals in 2020, compared to SR 28.5 million in 2019.
According to Arab accounts, the company's net profits before zakat fell by 5.5% in the fourth quarter of 2020, to about 12.2 million riyals, compared to SR 12.9 million in the same quarter of 2019.
The net profit was net, in the first nine months of 2020, was 28.5%, to 31.7 million riyals, compared to SAR 24.7 million, in the corresponding period last year.
