Saudi Arabia: Tawuniya reports US$150 mln net loss
Source: Middle East Insurance Review | Mar 2014
The Company for Cooperative Insurance (Tawuniya), the largest non-life insurer in Saudi Arabia, has reported a net loss before zakat of SAR564.2 million (US$150.5 million) for 2013, compared to a net profit of SAR351.5 million for 2012, due to an increase in technical reserves.
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