BIMEH reports 61.5 million riyals profit
Al-Damman Islamic Insurance Company (BIMEH) announced its financial results for the first half of 2026, with cooperative (takaful) premiums increasing by 26.8% to reach 325.2 million riyals, driven by growth in the motor, fire, general accidents, and health sectors. Despite rising claims costs and the resulting decline in gross takaful margin, the company's net investment profits increased by 28.1% to exceed 30 million riyals. Shareholders' profits rose by 16.2% to 61.5 million riyals, with earnings per share climbing to 0.308 riyals. The company maintained a strong balance sheet and a high solvency ratio.
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