News Middle East07 Nov 2024

Saudi Arabia:Insurance sector's net profit jumps by 15% to US$800m in first 3 quarters

| 07 Nov 2024

The insurance industry's profitability (after-zakat & tax) in the Kingdom of Saudi Arabia (KSA) stood at SAR3.0bn ($800m) in the first nine months of 2024, growing by 15% from SAR2.6bn in the corresponding period in 2023, according to a report by Badri Management Consultancy which provides consulting services in the actuarial, strategic and technology fields.

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