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TIC posts net income of $1.33 million in 9M 2021

2021-11-01

According to the financial statements of Al-Takaful Palestinian Insurance Company TIC for the first nine months of 2021, Net profit after tax of the period reached 1,325,678 USD Compared with Net profit after tax 1,519,046 USD for 2020, a net decrease in profit of 12.73%.Total assets of the company reached 86,726,509 USD compared with total assets of 80,722,784 USD at the end of year 2020, a net increase of 7.44%.Total liabilities of the company reached 65,238,092 USD compared with total liabilities of 59,837,636 USD at the end of year 2020, a net increase of 9.02%. Net ownership equity of the company reached 21,488,417 USD compared with total owner equity of 20,885,148 USD at the end of year 2020, a net increase of 2.89%.