Riyadh – Mubasher: Wataniya Insurance Company’s net profits for the year 2020 decreased by about 36% to SAR 15.2 million, compared to SAR 23.8 million in the previous year.
The slump in the company’s annual net profit was driven by a drop in other income by SAR 7.974 million, according to a bourse disclosure on Tuesday.
Net written premiums (NWP) rose by 11.4% annually in 2020 to nearly SAR 463 million.
