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Walaa Cooperative Insurance Swings to H1 Profit; Insurance Revenue Down

MT Newswires·07/29/2026 02:31:33
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02:31 AM EDT, 07/29/2026 (MT Newswires) -- Walaa Cooperative Insurance (SASE:8060) said Wednesday that it swung to an attributable profit for the first half, while insurance revenue declined year over year. Net profit after zakat attributable to shareholders for the six months ended June 30 was 43.2 million Saudi riyals, compared with an attributable loss of 117.3 million riyals earlier. EPS moved to 0.34 riyal from a loss per share of 0.92 riyal. The Saudi Arabia-listed insurer's insurance revenue was 1.31 billion riyals, compared with 1.48 billion riyals a year ago.