Salama 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 12.67 million compared to net loss of SAR 6.19 million a year ago. Basic earnings per share from continuing operations was SAR 1.27 compared to basic loss per share from continuing operations of SAR 0.62 a year ago.
For the nine months, net income was SAR 42.97 million compared to net loss of SAR 83.6 million a year ago. Basic earnings per share from continuing operations was SAR 4.3 compared to basic loss per share from continuing operations of SAR 8.36 a year ago.