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Arab Shield posts Q2 profit of 2.83M Riyals
Arab Shield Cooperative Insurance Company announced a net profit of 2.83 million riyals in the second quarter of 2026, compared to a loss of 29.91 million riyals in the same period last year. The company's profits decreased by 42.3% compared to the first quarter of the year, while insurance revenue declined by 12.5% to reach 403.27 million riyals. During the first half of 2026, the company also turned profitable with a net profit of 7.73 million riyals, reversing a loss of 23.46 million riyals in the same period of 2025, with insurance revenue decreasing by 12.1% to 801.67 million riyals.
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