The financial statements of Bupa Arabia for Cooperative Insurance showed a slight decrease in the company's profits before zakat, by 0.19% during the first nine months of this year, compared to the same period in 2020. .
According to the company's results for the Saudi market (Tadawul), today, Wednesday, profits for the period amounted to 737.3 million riyals, compared to profits for the first nine months of last year, which amounted to 738.7 million riyals.
The company achieved profits of 228.3 million riyals in the third quarter of this year, compared to profits of about 170 million riyals in the same period of 2020, an increase of 34%.
The company said in a statement to the stock exchange that the rise in quarterly profits is mainly due to the increase in net underwriting results of 22.145 million riyals compared to the same quarter of the previous year, an increase of 6.9 %.
