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Malath Cooperative Insurance and Reinsurance Company announces the interim financial results for the period ending on 31-03-2016 (Three Months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) before Zakat 2,860 -11,445 - -14,010 -
Surplus (deficit) of insurance transactions less returns of policy holders investment (operating transactions results) -826 -13,605 93.93 -17,662 95.32
Gross written premiums (GWP) 1,186,427 741,327 60.04 343,872 245.02
Net written premiums (NWP) 726,399 711,166 2.14 214,147 239.21
Net incurred claims 292,345 333,332 -12.3 410,760 -28.83
Net profit (loss) of policy holders investment 3,240 661 390.17 2,576 25.78
Net profit (loss) of shareholders capital investment 882 1,683 -47.59 1,151 -23.37
Earning or loss per share, Riyals 0.1 -0.38 - - -
All figures are in (Thousands) Saudi Arabia, Riyals
Element EXPLAINATION
Reasons of increase (decrease) for the quarter compared with same quarter last year No translation see Arabic version
Reasons of increase (decrease) for the quarter compared with the previous quarter No translation see Arabic version
External auditor's report containing reservation No translation see Arabic version

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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