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معلومات مباشر
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معلومات مباشر

2026-11-02T06:42:58.890Z

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Arabian Shield Q3 profit rises to SAR 20.5m

Arabian Shield Q3 profit rises to SAR 20.5m

Arabian Shield Cooperative Insurance Company swung to a net profit of SAR 20.54 million in the third quarter of 2026, compared with a loss of SAR 9.37 million in the same period of 2025, and up 626.6% from the previous quarter. The company attributed the improvement to a 41% (SAR 205.17 million) decrease in insurance service expenses, despite a 13.2% decline in insurance revenue to SAR 420.25 million. Gross written premiums rose 254% to SAR 1.43 billion. In the first nine months of the year, the company posted a net profit of SAR 28.27 million, compared with a loss of SAR 32.83 million a year earlier.

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