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MIC posts net income of $1.28 million in 2020

2021-02-16

According to the financial statements of Al-Mashriq Insurance MIC for the year 2020, Net profit after tax of the period reached 1,278,972 USD Compared with Net profit after tax 1,827,849 USD for 2019, a net decrease in profit of 30.03%.Total assets of the company reached 67,486,685 USD compared with total assets of 60,625,143 USD at the end of year 2019, a net increase of 11.32%.Total liabilities of the company reached 51,852,437 USD compared with total liabilities of 45,567,778 USD at the end of year 2019, a net increase of 13.79%. Net ownership equity of the company reached 15,634,248 USD (Including Non-Controlling Interests of 5,815,868 USD) compared with total owner equity of 15,057,365 USD (Including Non-Controlling Interests of 5,665,382 USD) at the end of year 2019, a net increase of 3.83%.