Three-quarters of insurers report profit growth in Saudi Arabia

Saudi Arabian insurers' net profit totaled $176 million in the first half, with 25 insurers out of 33 listed on the Saudi stock market achieving growth in profitability, Asharq Al-Awsat reported. An official said that maturity of the administrations of Saudi insurers has contributed significantly to the improvement of the performance of companies both financially and operationally.

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