The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was SAR 64.58 million compared to net loss of SAR 64.43 million a year ago. Basic earnings per share from continuing operations was SAR 0.62 compared to basic loss per share from continuing operations of SAR 0.61 a year ago.
For the six months, net income was SAR 100.77 million compared to net loss of SAR 81.64 million a year ago. Basic earnings per share from continuing operations was SAR 0.96 compared to basic loss per share from continuing operations of SAR 0.78 a year ago.