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Integrated profit up in Q3
Mutakamila Insurance Company’s net profit surged to SAR 12.56 million in the third quarter of 2026, compared with SAR 548,000 in the same period of 2025—an increase of 2,193%—driven by lower other operating expenses and a reduced zakat provision. Revenue reached SAR 217.62 million, down 1.81% year on year. Over the first nine months, the company swung to a net loss of SAR 9.46 million, compared with a profit of SAR 15.07 million a year earlier, due to a deficit in insurance service results, higher expenses and lower investment income.
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