Riyadh – Mubasher: Walaa Cooperative Insurance Company suffered a net loss before Zakat worth SAR 46.43 million during the first nine months of 2021, against net profits of SAR 42.8 million in the same period last year.

The loss per share stood at SAR 0.89 at the end of September this year versus earnings per share of SAR 0.44 during the same period in 2020, according to the initial financial results on Sunday.

During the third quarter (Q3) of 2021, the insurance company turned to net losses of SAR 33.11 million against net profits worth SAR 25.27 million in Q3-20.

On a quarterly basis, the net losses in Q3-21 were versus profits amounting to SAR 10.53 million in Q2-21.