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Malath Q3 profit up 34%

Malath Q3 profit up 34%

Malath Cooperative Insurance’s net profit rose 34.1% year on year to SAR 846,000 in the third quarter of 2026, compared with SAR 631,000. The company attributed the increase to insurance service results turning around from a loss of SAR 30.62 million to a profit of SAR 7.36 million, and a 46.6% decline in insurance finance expenses. However, a 99.1% drop in investment income limited profit growth, while net profit fell 57.5% compared with the previous quarter.

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