According to the results of the company for the Saudi market (Tadawul), the losses for the period amounted to 3.09 million riyals, compared to losses of 5.53 million riyals in the first quarter of last year.
The company said in a statement to the stock exchange that the decrease in net loss during the comparison periods is due to the decrease in net claims incurred.
I also attributed this decrease in losses to a decrease in general and administrative expenses, in addition to a decrease in the provision for doubtful debts.
Total written premiums in the first quarter of this year were 240.65 million riyals, compared to 114.41 million riyals for the same period in 2019, an increase of 110.3%. p>
