Aljazira Takaful Cooperative Company announced a 45.2% decline in third-quarter net profit after zakat to SAR 9.2 million, down from SAR 16.9 million in the same quarter last year. The results were part of the preliminary financial disclosures for the period ending September 30, 2024 (nine months).
Net profits from insurance operations fell by 64.5% to SAR 6.9 million in Q3, compared to SAR 19.5 million in the previous year. Net profit after zakat for shareholders over the nine-month period decreased by 19.9%, reaching SAR 33.1 million from SAR 41.4 million last year.
Earnings per share for the period amounted to SAR 0.5, down from SAR 0.63 in the same period last year.
