Saudi insurer Allianz back into profit

FE Team | Published: March 21, 2022 00:03:20

RIYADH, Mar 20 (Arab News): Allianz Saudi Fransi Cooperative Insurance Co. swung from losses into a profit in 2021, after a fall in net claims.
The Saudi-based firm turned a loss of SR17.6 million ($4.7 million) in 2020 into a profit, before Zakat, of SR16.5 million in its annual financial results, according to a bourse filing.