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Source: مباشر
22 Hrsمباشر
Source: مباشر
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Gulf Union Alahlia Cooperative Insurance Company returned to profitability in the third quarter of 2026, posting a net profit of SAR 124,000, compared with a loss of SAR 16.92 million in the same period last year. The company attributed the improvement to an SAR 85 million surplus in net expenses for reinsurance contracts, a 99% decrease in insurance finance expenses, and a surplus of SAR 2.7 million from its insurance portfolios. For the first nine months of the year, the company recorded a profit of SAR 1.81 million, compared with a loss of SAR 84.75 million a year earlier, despite an 11.7% decline in insurance revenue to SAR 676.1 million.
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