Riyadh – Mubasher: SABB Takaful Company achieved net profits before Zakat worth SAR 1.76 million in the third quarter (Q3) of 2021 against losses worth SAR 5.58 million in Q3-20.
On a quarterly basis, the net profits in Q3-21 were 45.5% lower than SAR 3.24 million in Q2-21, according to the initial financial results on Wednesday.
During the first nine months of 2021, SABB Takaful achieved net profits worth SAR 7.09 million against losses of SAR 17.49 million in the same period a year ago.
Earnings per share stood at SAR 0.06 at the end of September 2021, versus a loss per share of SAR 0.63 in the corresponding period in 2020.
At the end of September this year, SABB Takaful’s accumulated losses amounted to SAR 54.77 million, representing 16.11% of the SAR 340 million capital.
