Mubasher: The Holy Land Insurance reported a net loss of JOD 807,900 in the first nine months of 2015, compared to a profit of JOD 681,370 in the same period last year.
Accumulated losses exceeded JOD 6.66 million in the above period, which overcomes the company’s capital which rose recently to JOD 6.61 million, according to the company’s financial statements.
Abbasi Group International, a leading accounting and consultancy firm in Jordan, said that the Holy Land didn’t activate other insurance braches except car insurance, and questioned its ability to continue in the market.
