Arabian Shield’s Net Profit Rises to SAR 71 Million in 2024, Up 6%

Arabian Shield Cooperative Insurance Co. reported a net income after Zakat and tax of SAR 71 million by the end of 2024, reflecting a 6% increase from SAR 67 million in 2023.

Key Financial Highlights:

• Net investment income surged 18% to SAR 90 million, up from SAR 77 million in 2023.

• Total shareholders’ equity (excluding minority interests) rose 7% to SAR 1.65 billion, compared to SAR 1.54 billion in 2023.

• Earnings per share (EPS) stood at SAR 0.89 in 2024, down from SAR 1.01 in 2023.