Malath Insurance Q1 Profit Falls 13.6% to SAR 9.8 Mln

Malath Cooperative Insurance Co. reported on Sunday a 13.6% decline in net profit after Zakat attributable to shareholders during the first quarter, reaching SAR 9.8 million, compared to SAR 11.4 million in the same quarter last year. This followed the announcement today of the preliminary financial results for the (three-month) period ending March 31, 2025.

Net insurance losses in the first quarter increased by 1,312.8% to SAR 10.5 million, compared to SAR 749,000 in the same quarter last year.

Total shareholders’ equity (excluding non-controlling interests) for the three-month period reached SAR 442.7 million, compared to SAR 403.4 million in the same period last year, an increase of 9.7%.

Profits per share for the current period reached SAR 0.20, compared to SAR 0.23 in the same period a year earlier.