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Arabian Shield Cooperative Insurance Swings to H1 Profit; Insurance Revenue Down

MT Newswires·08/03/2026 01:12:20
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01:12 AM EDT, 08/03/2026 (MT Newswires) -- Arabian Shield Cooperative Insurance (SASE:8070) said Monday it returned to profitability for the first half, while insurance revenue slipped year over year. Net profit after zakat attributable to shareholders for the six months ended June 30 was 7.7 million Saudi riyals, compared with an attributable loss of 23.5 million riyals earlier. EPS moved to 0.1 riyal from a loss per share of 0.29 riyal. The insurance company's insurance revenue was 801.7 million riyals, compared with 912 million riyals a year ago.