Oman Re net profit increases 83% in Q1 2024

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Reinsurance News - May 03, 2024

Oman Re, the sole reinsurer in the Sultanate of Oman, has reported a net profit after tax of OMR977K (USD 2.5 million), a remarkable 83% increase compared to the same period last year, when the net profit stood at OMR 534K (USD 1.4 million). Driven by resilient underwriting performance and a robust...

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