ID :
108027
Mon, 02/22/2010 - 21:47
Auther :
Shortlink :
https://www.oananews.org//node/108027
The shortlink copeid
'Tawuniya' Company Distributes Profits of SR 200 million
Riyadh, February 22, 2010, SPA -- The Board of Directors of Tawuniya Insurance
Company has recommended to distribute profits amounting to SR 200 million to
shareholders.
The Board's Chairman Suleiman bin Saad Al-Humaid pointed out that the Board
approved financial results for the year 2009, which resulted in achieving a net
income of SR 296 million compared to a loss of SR 54 million in 2008.
He noted that the Company has won classification "A" from Standard & Poor's for
the fourth consecutive year, which is the highest rating obtained by a Saudi
insurance company.
--SPA