"Saudi Cooperative Reinsurance Company achieved 2.3% growth, with net profit before zakat 60.69 million riyals in 2020, compared to SR 59.32 million during 2019. < / p>

In accordance with Arab Net, the reason for high profits this year compared to the previous year is mainly due to the decrease in net claims of 6%, which has a positive impact on the results of IPO, according to the company.