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Arabia Insurance Cooperative Swings to H1 Net Loss; Insurance Revenue Up

MT Newswires·08/05/2026 01:24:15
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01:24 AM EDT, 08/05/2026 (MT Newswires) -- Arabia Insurance Cooperative Co. (SASE:8160) said Wednesday it swung to a net loss in the first half, while insurance revenue rose year over year. Net loss after zakat attributable to shareholders for the six months ended June 30 was 26.7 million Saudi riyals, compared with a net profit of 9.6 million riyals a year ago. Loss per share was 0.5 riyal, compared with an EPS of 0.18 riyal. The Saudi-listed insurer's insurance revenue was 486 million riyals, compared with 369.2 million riyals earlier.