Saudi insurance sector net income plummets, as premiums go up
Published 14 Sep,2021 via Arab News - Economy DUBAI - Net income of Saudi Arabia’s insurance sector fell by 59.2 percent in the second quarter, compared to the same period last year.
This was attributed to a steep drop in operating income from SR709 million ($189 million) to SR74 million.
New figures from the Saudi Central Bank (SAMA) showed premiums reaching SR9.4 billion or an increase of 8.1 percent during the same period.
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