Borouj Insurance profits drop to 3.3 million riyals during Q2, by 89%

Borouj Cooperative Insurance Company revealed a decrease in net profit after Zakat for shareholders during the second quarter to 3.3 million riyals compared to 30.7 million riyals in the same quarter of last year by 89%, following the announcement today of the preliminary results for the six-month period ending on June 30, 2024.

Net investment results profits amounted to 4.9 million riyals in the second quarter compared to 8.5 million riyals in the same quarter of the previous year, a decrease of 42.4%.

Total equity (after excluding non-controlling interests) amounted to 448.5 million riyals in the 6-month period compared to 448.2 million riyals in the same period of last year, an increase of 0.071%.

Earnings per share in the current period reached 0.24 riyals compared to 0.43 riyals in the same period of last year.