March 26, 2020 / 1:21 PM / 3 days ago

BRIEF-Saudi's Salama Cooperative Insurance Posts FY Loss

March 26 (Reuters) - SALAMA COOPERATIVE INSURANCE COMPANY :

* FY NET LOSS BEFORE ZAKAT 54.1 MILLION RIYALS VERSUS PROFIT OF 16.3 MILLION RIYALS YEAR AGO

* FY NET PROFIT OF SHAREHOLDERS CAPITAL INVESTMENT 10.1 MILLION RIYALS VERSUS 6.8 MILLION RIYALS YEAR AGO

* FY GROSS WRITTEN PREMIUMS 503.5 MILLION RIYALS VERSUS 735 MILLION RIYALS YEAR AGO

* FY SAW DECREASE IN NET EARNED PREMIUM BY 31%

* FY SAW INCREASE IN GENERAL AND ADMINISTRATIVE EXPENSES BY 9% Source: (bit.ly/2JgKnRV) Further company coverage:

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