According to Arabia Net, the company said in a statement, that these losses came after gains during the corresponding period of last year of 2.64 million riyals.
The reason for recording a loss during the current quarter compared to registering a profit during the same quarter of the previous year is due to recording a loss in the net profit of shareholders ’money investments amounting to 7,695 thousand riyals, which can be recorded. An increase in the total written insurance premiums by 52% during the current quarter compared to the same quarter of the previous year in addition to recording a surplus in insurance operations of 5,233 thousand riyals, compared to a deficit of 2,873 thousand riyals in the same quarter of the previous year, according to the company
