SABB Takaful Company Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015
January 22, 2016 at 08:46 am EST
SABB Takaful Company announced earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company's net loss before zakat was SAR 9.98 million, compared to a net profit before zakat of SAR 5.73 million for the same quarter ended December 31, 2014. Net written premiums were SAR 40.13 million, compared to SAR 39.34 million for the same quarter ended December 31, 2014.
For the full year, the company's net profit before zakat was SAR 3.64 million, or SAR 0.11 per share, compared to SAR 17.01 million, or SAR 0.5 per share, for the year ended December 31, 2014. Net written premiums were SAR 169.64 million, compared to SAR 164.85 million for the year ended December 31, 2014.