Tawuniya’s profit came mainly from healthcare sector: CEO

27/07/2015 Argaam

The Company for Cooperative Insurance’s (Tawuniya) profit is mainly generated from the healthcare sector, followed by the automobile and property insurance sectors, CEO Raed al-Tamimi told al-Arabiya television.

 

The company has no plans to buy other firms, and its investments are diversified and low-risk as per the Saudi Arabian Monetary Agency’s guidelines, he added.

 

Tawuniya’s accounts for 22 percent of the insurance market in Saudi Arabia, he said.

 

The oldest and largest insurer in Saudi Arabia reported SAR 315.9 million in net profit in the first half, a 35.7 percent increase compared to the same period last year.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.