From Arabianbusiness.com: Tawuniya, Saudi Arabia’s leading insurer, posted a 193 percent rise in fourth quarter net profit, but missed its own forecast after floods that the city of Jeddah in December.

Tawuniya made $27.1 million in the three months to end December, up from $9.22 million a year earlier, it said in a statement on the bourse website…………………………………Full Article: Source