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MIC posts net income of $3.24 million in 2022

2023-02-15

According to the financial statements of Al-Mashriq Insurance Company for the year 2022, Net profit after tax of the period reached 3,239,187 USD Compared with Net profit after tax 1,068,510 USD for 2021, a net increase in profit of 203.15%.Total assets of the company reached 81,253,032 USD compared with total assets of 78,367,280 USD at the end of year 2021, a net increase of 3.68%.Total liabilities of the company reached 60,034,887 USD compared with total liabilities of 60,746,529 USD at the end of year 2021, a net decrease of 1.17%. Net ownership equity of the company reached 21,218,145 USD (Including Non-Controlling Interests of 4,833,976 USD) compared with total owner equity of 17,620,751 USD (Including Non-Controlling Interests of 5,846,759 USD) at the end of year 2021, a net increase of 20.42%.Noting that paid-in capital increased from 5,500,000 USD in year 2021 to 7,000,000 USD of this year,a net increase of 27.27%