Saudi Re Q2’23 net profit surges, cites improved reinsurance performance

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Reinsurance News - Aug 14, 2023

Saudi Re has reported a net profit before zakat (a religious obligation for all Muslims who meet the necessary criteria of wealth) of SAR 66.02 million for Q2 of 2023, a 1133% increase from the same quarter last year. Gross Written Premiums decreased 54.49% from Q2 2022 to SAR 146.3 million for Q2 2...

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