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MIC posts net income of $1.07 million in 2021

2022-02-15

According to the financial statements of Al-Mashriq Insurance Company MIC for the year 2021, Net profit after tax of the period reached 1,068,510 USD Compared with Net profit after tax 1,252,471 USD for 2020, a net decrease in profit of 14.69%.Total assets of the company reached 78,367,280 USD compared with total assets of 67,668,791 USD at the end of year 2020, a net increase of 15.81%.Total liabilities of the company reached 60,746,529 USD compared with total liabilities of 52,067,422 USD at the end of year 2020, a net increase of 16.66%. Net ownership equity of the company reached 17,620,751 USD (Including Non-Controlling Interests of 5,846,759 USD) compared with total owner equity of 15,601,369 USD (Including Non-Controlling Interests of 5,815,868 USD) at the end of year 2020, a net increase of 12.94%.Noting that paid-in capital increased from 5,200,000 USD in year 2020 to 5,500,000 USD of this year,a net increase of 5.77%.