Mutakamela Insurance Reports 58.9% Decline in Profits to SAR 15.2 Million by End of 2024

Mutakamela Insurance Co. revealed on Tuesday a decrease in net profit after zakat to shareholders by the end of 2024 to SAR 15.2 million, compared to SAR 36.9 million last year by 58.9%, following the announcement today of the annual financial results ending on December 31, 2024.

Net profits from insurance results decreased 72.9% to SAR 8.17 million by the end of 2024, compared to SAR 30.2 million last year.

Total equity (after excluding non-controlling interests) in the current year increased by 1.5% to SAR 813 million, compared to SAR 800.6 million last year.

Profits per share in the current year reached SAR 0.26 compared to SAR 0.62 last year.