Saudi Re: Q1 2024 results

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Saudi ReSaudi Re posted revenues totalling 206.9 million SAR (55.1 million USD) as at 31 March 2024, compared with 129.3 million SAR (34.4 million USD) a year earlier, representing a 60% increase.

The Saudi reinsurer closed the first three months of the current financial year with a net result after zakat (tax) of 31.8 million SAR (8.5 million USD) against 11.1 million SAR (3 million USD) recorded during the first quarter of 2023.

The company's shareholders' equity is up 14.7% over one year, to 1.2 billion SAR (319.6 million USD).

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Fri, 10/05/2024 - 09:57
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