Saudi Malath Cooperative Insurance Company turned to profit during the second quarter of 2020 to profit 4.7 million riyals, compared to losses of 11 million riyals in the second quarter of 2019.
According to CNBC Arabia, the company made profits in the first half of 8.7 million riyals, compared to losses that the company recorded in the same period in 2019, amounting to 4.2 million riyals.
and the company attributed the reasons for the shift to profitability mainly to the increase in written and earned premiums.
(Amazon fun knowledge)
