12 Hrs
Source:
الاقتصادية
Source: الاقتصادية
12 Hrsالاقتصادية
Source: الاقتصادية
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Bupa Arabia Cooperative Insurance’s net profit fell 5.3% year on year in the third quarter to SAR 344.7 million, below the average forecast of four analysts, which stood at SAR 350 million. The company attributed the decline mainly to the non-recurrence of a positive impact from an earlier zakat settlement, alongside a 24.6% increase in other operating expenses to SAR 134.5 million. Nevertheless, insurance revenue rose 11.4% to SAR 5.62 billion, while net investment results increased 14.1% to SAR 213.7 million.
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