The Saudi Company for Cooperative Reinsurance (Saudi Re) achieved a 16% growth in profits for the third quarter of this year, to reach 15.75 million riyals, before zakat, compared to About 13.58 million riyals in the same quarter of 2019.
According to Arabiya Net, the company's net profit increased by 74.6% in the third quarter of this year, compared to about 9.03 million riyals net profit in the previous quarter of this year. .
In the first nine months of this year, the net profit of the Saudi return fell by 37.5% to reach 35.07 million riyals, before zakat, compared to about 56.2 million riyals in Similar period last year.
The Saudi repeat said in a statement to the Saudi Stock Exchange - Tadawul today, Sunday, that the reason for the increase in net profits during the third quarter of this year, compared to the same quarter of the year The former is mainly due to the increase in net profits of shareholders' funds investments by 59.8%.
