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Malath Insurance closed the 2024 financial year with insurance revenue of 1.011 billion SAR (269 million USD), up by 8.13% on the 934.712 million SAR (249.1 million USD) posted in 2023.
Insurance Service Result amounted to 34.693 million SAR (9.2 million USD), dropping by 61.41% over one year.
The company's annual net profit declined by 29.59% to 26.889 million SAR (7.2 million USD).
Malath Insurance's shareholders' equity at end-December 2024 stood at 432.775 million SAR (115.2 million USD), reflecting a 10.94% year-on-year growth.
