Dubai - Mubasher: The financial results of Al Sagr National Insurance Company showed a decline in losses by 85.97% year-on-year in the fourth quarter of 2016.
Losses reached AED 10.55 million in Q4-16 down from AED 75.18 million in Q4-15, according to the company’s statement to the Dubai Financial Market (DFM) on Tuesday.
The company’s financial statements also showed a total annual profit of AED 20.72 million in 2016 versus losses of AED 105.03 million in 2015.
