Riyadh – Mubasher: Malath Insurance Company posted Wednesday the financial results for the period ended 31 December 2015.
During Q4-15, the company’s net loss reached SAR14 million, against SAR1.9 million profits in Q4-14.
Net loss before zakat for the twelve-month period was cut by 70% to SAR1.9 million, from SAR6.2 million for the previous year.
The company attributed Q4 losses to the increase in operating losses caused by high net incurred claims and low earnings of shareholders’ funds.
Meanwhile, improved results in FY15 were attributed to stronger operating figures.
