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Islamic Finance Briefing - Categorized | Insurance (Takaful), Performance more

SABB Takaful Q2 loss jumps over six-folds

Posted on 22 July 2009

From Maktoob.com: Saudi Arabia’s SABB Takaful, said on Monday its net loss has increased by more than six folds during the second quarter of 2009 to 5.07 million Saudi riyals ($1.35 million) from 796,000 riyals ($211,773) a year earlier.

The company, which provides Islamic non-life insurance services, said its net loss for the first six months of 2009 doubled to 10.77 million riyals from 5.29 million riyals a year earlier……..Full Article: Source

 
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