Money and business
The profits of “Malaz Insurance” decreased to 26.88 million riyals in 2024
The profits of Malaz Cooperative Insurance Company in 2024 decreased by 29.6% to 26.88 million riyals, compared to 28.88 million riyals in 2023.
According to the company’s statement on the circulation of Saudi Arabia, the net profit decline is due to a decrease in the result of insurance services by 61%, mainly due to the increase in insurance services expenses due to business growth.
The reasons included: the investment income decreased by 9%.
According to the company’s statement on the circulation of Saudi Arabia, the net profit decline is due to a decrease in the result of insurance services by 61%, mainly due to the increase in insurance services expenses due to business growth.
The reasons included: the investment income decreased by 9%.
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