Gulf General Cooperative Insurance Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was SAR 1.49 million compared to net loss of SAR 31.18 million a year ago. Basic earnings per share from continuing operations was SAR 0.05 compared to basic loss per share from continuing operations of SAR 1.0333 a year ago.
For the nine months, net loss was SAR 1.42 million compared to SAR 57.63 million a year ago. Basic loss per share from continuing operations was SAR 0.05 compared to SAR 1.9167 a year ago.