Saudi Arabia:Insurance market continues profitable trend in 1Q

By MEIR team | 20 May 2024

Saudi Arabia Life & Health Property & Casualty Financial Performance

The record profitability (after zakat & tax) seen in the insurance industry in 2023 has continued in 2024 with the sector reporting a 48% upsurge in net profits to SAR879m ($234m) in 1Q2024 from SAR594m in 1Q2023, says Badri Management Cosultancy.

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