Solidarity Saudi Takaful Company reported financial results for the first quarter ended March 31, 2016. For the quarter, the company reported that net profit before zakat of SAR 3,470,000 or SAR 0.06 per share compared to net loss before zakat of SAR 63,993,000 or SAR 1.16 per share for the same a year ago. Net written premiums were SAR 88,343,000, compared to SAR 69,225,000 for the same quarter a year ago.

Gross written premiums were SAR 98,005,000, compared to SAR 93,090,000 a year ago. Net loss of shareholders capital investment was SAR 7,974,000, compared to net profit of shareholders capital investment of SAR 1,076,000 a year ago.