Malath Insurance Profit Drops 51.6% in Nine Months
Riyadh, Saudi Arabia — Malath Cooperative Insurance Co. earned 8.3 million SAR in net profit for the nine months ending September 30, 2026, down 51.6% from 17.2 million SAR in the same period last year. A sharp drop in investment income and shrinking motor insurance revenue drove the decline, partially offset by a strong turnaround […] The post Malath Insurance Profit Drops 51.6% in Nine Months…
Malath Cooperative Insurance Co. recorded an 8.3 million SAR net profit for the nine months ending September 30, 2026, a 51.6% decrease from 17.2 million SAR in the same period last year. Falling investment income and declining motor insurance revenue primarily contributed to the drop, although improved core underwriting partially offset the decline. Despite the profit decline, Malath's insurance operations became profitable, shifting from a 56.8 million SAR loss to a 44.5 million SAR profit, a 135.3% improvement.
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