ALETIHAD Posts SAR 11.9 Mln Q1 Loss

ALETIHAD Cooperative Insurance Co. reported on Tuesday a net loss after Zakat attributable to shareholders of SAR 11.9 million for the first quarter of 2025, compared to a profit of SAR 2.6 million in the same quarter last year, according to preliminary financial results for the (three-month) period ending March 31, 2025.

Net insurance losses reached SAR 23.4 million in the first quarter, up 31.7% from SAR 17.7 million in the same quarter last year.

Total shareholders’ equity (excluding non-controlling interests) for the three-month period stood at SAR 702.2 million, up 4.1% from SAR 674.2 million in the same period last year.

Loss per share for the current period was SAR 0.24, compared to profits per share of SAR 0.05 in the same period last year.