Solidarity Saudi Takaful Company has achieved a growth of 74.5% in net profit before Zakat to reach 9.915 million riyals in the first quarter of 2020, compared to 5.682 million riyals during the same period of the year 2019.
According to Arabia Net, the company attributed the reason for the increase in net profit for the current quarter compared to the corresponding quarter of the previous year to the rise in the total written insurance premiums with a rise of 52%, Without a rise in the costs of underwriting the insurance policy, as the company's sales through electronic services increased substantially.
