Warba Insurance finalizes health appeal ruling
Al Raiya Insurance and Reinsurance Company announced the issuance of a final judgment by the Court of Appeal in the lawsuit filed by the Ministry of Health. The court ruled in favor of the ministry for an amount of 106.21 thousand Kuwaiti dinars for healthcare services provided by the ministry to policyholders, compared to the lawsuit's claim of 1.82 million dinars. The company indicated that it will recover the remaining amount from the reserved fund set aside for the case after deducting the judgment amount and legal fees. The financial impact will be reflected in the financial statements for the first half of 2026. Additionally, the company stated that its profits in the first quarter of 2026 amounted to 1.39 million dinars, representing a decrease compared to the same period last year.
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