Riyadh - Mubasher: Saudi United Cooperative Insurance Company (Walaa Insurance) reported a rise in profits for the first quarter of 2017 by 57.92% year-on-year, and 22.44% quarter-on-quarter.
The company said in a statement to the Saudi Stock Exchange (Tadawul) on Monday that profits totalled SAR 32.23 million in Q1-17 compared to SAR 20.41 million in Q1-16.
As per the statement, the rise in profits is attributed to the increase in income with 40%.
