Saudi Re returns to profit in 2012
Source: Middle East Insurance Review | Mar 2013
Saudi Re posted a net profit of SAR8.98 million (US$2.67 million) after zakat and tax for the year ended 31 December 2012, compared to a net loss of SAR54.42 million in 2011, boosted by a surge in net earned premiums by 190% as well as a 47% increase in the shareholders' investment portfolio.
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