The “public Gulf” losses exacerbated to 29 million riyals in the second quarter
The net losses of the General Gulf Insurance Company for the second quarter of this year exacerbated 279% to 29 million riyals, compared to losses of 7.7 million riyals for the same quarter of the previous year. "Saudi Arabia trading"Today, Monday, the reasons for registration of losses are due to a decrease in insurance revenues during the current quarter by 24.5%, a decrease in insurance services expenses by 1.65%, and a decrease in reinsurance contracts by 32.3%. The same. A decrease of 10%, while insurance services expenses increased to 208.6 million riyals compared to 188.1 million riyals, an increase of 11% compared to the first half of the previous year. Compared to 6.25 million riyals in the same period last year, with a change of 2.95 million Saudi riyals and 47.15%. The current current is 1.76 riyals per share for 0.45 riyals per share for the same period last year. It was calculated by dividing the net loss of 52.8 million riyals, according to the number of regular shares of 30 million shares.
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