According to “Maaal”, and on basis of the companies’ disclosures of their financial results for the year 2023 published in the Saudi exchange market, the insurance companies listed on the Saudi capital market achieved a historic transformation in their net profits with a huge growth of 895.7%, an increase equivalent to 3,035.7 million riyals, their annual profits in 2023 jumping to 3,374.6 million riyals compared to 338.9 million riyals.
