Monday , 25 September 2017
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Life provider SABB Takaful has recorded  26.4% increase

Life provider SABB Takaful has recorded 26.4% increase

Life provider SABB Takaful has recorded a 26.4% increase in net profits before zakat to SAR7.9 million (US$2.1 million) for the first six months of this SABB Takaful_company_logoyear, on the back of higher investment income as well as tighter control on operating expenses.Although gross written premium in the first half declined 18.3% to SAR98 million, the company’s bottom line was enhanced by a 23% increase in investment income and a 20% reduction in operating expenses compared to the previous corresponding period.On a quarterly basis, SABB Takaful recorded an 8.5% increase in its second-quarter net profit to SAR5.2 million compared to the same period last year.
Source: eWeekly Takaful

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