Arabian Shield says value of investment in Najm rises

09/04/2023 Argaam
Logo ofArabian Shield Cooperative Insurance Co.

Logo of Arabian Shield Cooperative Insurance Co.

Arabian Shield Cooperative Insurance Co. announced a significant favorable impact of 3.39% on the net assets of the company, due to an increase in the value of investment held in Najm for Insurance Services Co.

 

The company owns 3.45% of Najm, which historically carried at cost of SAR 1.92 million, will now be valued at fair value estimated to be at SAR 39.7 million for 2022.

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