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The Saudi Company for Cooperative Insurance (Tawuniya) recorded a 16.8% increase in its quarterly insurance revenue, which rose from 4.4 billion SAR (1.2 billion USD) at end-March 2024 to 5.1 billion SAR (1.4 billion USD) a year later.
Net result after zakat (Islamic tax) improved by 33% to 261.7 million SAR (69.7 million USD).
During the reporting period, the company's shareholders' equity amounted to 4.7 billion SAR (1.3 billion USD), reflecting a year-on-year increase of 24.2%.
Read also |Tawuniya: 2024 annual results
