Saudi Re posts $9.5m net profit for Q3, cites improved reinsurance performance

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Reinsurance News - Nov 02, 2022

Saudi Re has reported a net profit before zakat (a religious obligation for all Muslims who meet the necessary criteria of wealth) of SR 35.7 million ($9.5 million) for Q3 of 2022, a 212.46% increase from the same quarter last year. Gross Written Premiums also increased 74.47% from Q3 2021 to SR 277...

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