Results of ARIG in 2003

Arab Insurance group (ARIG) has reported a 7.6 million USD net profit for the year 2003. this performance was achieved thanks to the strategy of the group based on the development of regional market. The 2003 technical outcome is 908 million USD, compared to the 22.9 million USD loss reported in 2002. The premiums sum amounts to 232.7 million USD in 2003, that is, a 15.1% increase in comparison with 2002.