Friday , June 9 2023

Saudi Malate Cooperative Net Profit Decreases 10% in the Third Quarter of 2018. | Corporate news


The net profit of Malta's Saudi Cooperation Insurance Company before Zakat in the third quarter of this year decreased by 10% to 10 million rials in comparison with the corresponding period of the previous year.

Although the company's profit before Zakat in the first nine months of this year increased by 1% year-on-year to 25 million rials.

For this reason, profits fell in the third quarter of this year for several reasons, including high government and administrative costs.

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