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MIC reports net income of $0.81 million in 9M 2019

2019-11-06

According to the financial statements of Al-Mashriq Insurance Company for the first nine months of 2019, Net profit after tax of the period reached 814,321 USD Compared with Net profit after tax 2,224,094 USD for 2018, a net decrease in profit of 63.39%.Total assets of the company reached 54,978,192 USD compared with total assets of 47,087,091 USD at the end of year 2018, a net increase of 16.76%.Total liabilities of the company reached 41,290,778 USD compared with total liabilities of 33,131,092 USD at the end of year 2018, a net increase of 24.62%. Net ownership equity of the company reached 13,687,414 USD (Including Non-Controlling Interests of 5,067,899 USD) compared with total owner equity of 13,955,999 USD (Including Non-Controlling Interests of 5,208,759 USD) at the end of year 2018, a net decrease of 1.92%.