One of Al Sagr's branches (Photo Credit: Company Website)
Al Sagr
ASNIC
ASNIC
Dubai-Mubasher: Al Sagr National Insurance posted a decrease by 27% in its quarterly profits, according to a bourse statement.
Profits reached AED 17.67 million ($4.8 million) in Q1-16, compared to AED 24.22 million ($6.59 million) in Q1-15.
Net claims incurred rose 51.6% to AED 66 million in Q1-16, compared to AED 43.54 million in Q1-15.
Source:
Mubasher
