Saudi listed insurers: results at end-September 2024

Badri Management Consultancy has published the key business indicators for all 25 insurance companies listed on the Saudi Tadawul stock exchange for the first nine months of 2024.

As at 30 September of the current year, total insurance revenue amounted to 48 billion SAR (12.8 billion USD), up 16% year-on-year.

Insurance services results climbed by 3% to 2.7 billion SAR (719.3 million USD).

Net profit after zakat (Islamic tax) stood at 3 billion SAR (799.2 million USD), that is 15% higher than the figure recorded for the same period in 2023.