Saudi Re: H1 2020 results

Saudi Re has recorded a 30.1% turnover increase in H1 2020. The latter went from 506.53 million SAR (134.88 million USD) as at 30 June 2019, to 659.05 million SAR (175.53 million USD) one year later.

The net profit before zakat (tax) amounted to 19.3 million SAR (5.14 million USD) thus decreasing by 55%. Such a decline is mainly due to a drop of around 55% of the net investment income, which totalled 16.3 million SAR (4.34 million USD) as at 30 June 2020.

The incurred losses dropped by 23.3% and were established at 159.7 million SAR (42.53 million USD).

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