Riyadh – Mubasher: Allied Cooperative Insurance Group suffered net losses before Zakat worth SAR 1.81 million in the first half (H1) of 2021, against net profits of SAR 9.96 million in H1-20.
The loss per share stood at SAR 0.35 in H1-21, versus earnings per share of SAR 0.57 in H1-20.
At the end of June 2021, the accumulated losses amounted to SAR 6.32 million, representing 4.48% of the SAR 141 million capital.
In the second quarter (Q2) of 2021, ACIG also turned to losses of SAR 5.54 million, against net profits of SAR 7.08 in Q2-20 and SAR 3.36 million in Q1-21.
