Saudi Arabia: Higher claims pushes Al Rajhi Takaful's profits down by half
Source: Middle East Insurance Review | Mar 2013
Al Rajhi Takaful's net profit in the fourth quarter of 2012 dropped by more than half to SAR3.2 million (US$850,000) from the same period in 2011, on an 81.8% increase in claims to SAR81.4 million. However, it managed to post a 15.8% rise in gross contributions to SAR150.1 million.
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