Riyadh – Mubasher: Malath Insurance Company on Sunday reported that the net profit before Zakat reached SAR 2.15 million ($573,000) in August.
Net loss before Zakat for the eight-month period retreated to SAR 116.9 million ($31.17 million), according to a bourse filing.
The company's accumulated losses reached SAR 179.15 million in August, representing 59.72% of the SAR 300 million capital.
The insurance Company recorded SAR 7.7 million net profit before Zakat in July; the net loss before zakat for the seven-month period reached SAR 119.05 million.
