March 17, 2020 / 6:16 AM / 23 days ago

BRIEF-Saudi's SABB Takaful Posts FY Pre-Zakat Loss

March 17 (Reuters) - SABB TAKAFUL COMPANY:

* FY NET LOSS BEFORE ZAKAT 19.1 MILLION RIYALS VERSUS PROFIT OF 1.1 MILLION RIYALS YEAR AGO

* FY NET PROFIT OF SHAREHOLDERS CAPITAL INVESTMENT 9.3 MILLION RIYALS VERSUS 8.8 MILLION RIYALS YEAR AGO

* FY GROSS WRITTEN PREMIUMS 155.2 MILLION RIYALS VERSUS 140 MILLION RIYALS YEAR AGO

* FY SAW AN INCREASE OF 10% IN TOTAL UNDERWRITING COST AND EXPENSES

* FY SAW AN INCREASE OF 19% IN GENERAL AND ADMINISTRATVE EXPENSES Source text for Eikon: Further company coverage:

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