Saudi Arabia:Insurance market sees 59% drop in profits in 2017 on flat topline growth

By Osama Noor | 16 Apr 2018

Saudi Arabia Life & Health Property & Casualty Financial Performance

The Saudi insurance sector has seen a severe plunge in aggregate profits of 59% with insurance companies' profit before zakat reaching SAR1 billion (US$267 million) against SAR2.5 billion in 2016, according to corporate disclosures on Tadawul, the Kingdom's stock exchange

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