Saudi Re profit soars by 89% in 1H

By MEIR team | 19 Aug 2021

Saudi Arabia Reinsurance Financial Performance

Net profit before zakat for Saudi Re for Cooperative Reinsurance Co (Saudi Re) jumped by 88.8% to reach SAR36.5m ($9.7m) in the first half of this year compared to SAR19.3m in the same period of 2020, according to the reinsurer's announcement on the Saudi stock exchange (Tadawul).

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