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MIC records net income of $2.22 million in 9M 2018

2018-11-15

According to the financial statements of Al Mashriq Insurance for the first nine months of 2018,Net profit after tax of the period reached 2,224,094 USD Compared with Net profit after tax 1,323,267 USD for 2017, a net increase in profit of 68.08%.Total assets of the company reached 50,589,978 USD compared with total assets of 47,274,610 USD at the end of year 2017, a net increase of 7.01%.Total liabilities of the company reached 37,020,064 USD compared with total liabilities of 36,054,606 USD at the end of year 2017, a net increase of 2.67%. Net ownership equity of the company reached 13,569,914 USD (Including Non-Controlling Interests of 5,265,451 USD) compared with total owner equity of 11,220,004 USD (Including Non-Controlling Interests of 5,537,324 USD) at the end of year 2017, a net increase of 20.94%.