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Salama Cooperative Insurance Posts Lower H1 Net Loss; Revenue Up

MT Newswires·08/05/2026 01:43:20
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01:43 AM EDT, 08/05/2026 (MT Newswires) -- Salama Cooperative Insurance (SASE:8050) said Wednesday its net loss for the first half narrowed, while insurance revenue grew year over year. Net loss after zakat attributable to shareholders for the six months ended June 30 was 20.3 million Saudi riyals, compared with a loss of 39.1 million riyals earlier. Loss per share moved to 0.68 riyal from 1.3 riyals. The insurance company's insurance revenue was 333.8 million riyals, compared with 272.6 million riyals a year ago.