The net profit of “Gulf Insurance” fell 35% to 34 million riyals in the second quarter
The net profits of the Gulf Insurance Group fell from the second quarter of 2025 by 35% to 34 million riyals, compared to 52.5 million riyals in the same quarter of the previous year. "Saudi Arabia trading"Today, Tuesday, the increase in net profit during the first six months of this year, by approximately 90% to 61.2 million riyals, compared to 32.2 million riyals during the same period of the previous year. "The net profit decreased by 18 million riyals in the current quarter compared to the similar quarter of last year due to the decrease in the net profit of insurance services in the current period by 24 million riyals, and this is mainly due to the property and accident insurance sector"Noting that these unsuccessful effects were compensated by an increase in investment income by 3 million riyals.
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