Riyadh – Mubasher: Malath Cooperative Insurance and Reinsurance’s profits jumped 209.8% in the first quarter of the year.
The company posted SAR 8.861 million before Zakat in Q1-17 compared to SAR 2.860 million in the year-ago period.
Malath attributed the hike in net profits to the enhancement of insurance operations due to lower net incurred claims, according to a bourse filing on Monday.
