An analysis conducted by Badri Management Consultancy suggests that the net result generated by the eight Omani insurers listed on the stock exchange would decline by 64% in 2024.
Net profit is projected to reach 7.8 million OMR (20.2 million USD) in 2024, compared with 21.5 million OMR (55.7 million USD) in 2023.
Insurance Service Result under IFRS 17 would also fall by 46% to 13.4 million OMR (34.7 million USD).





