| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 85,564 | 58,145 | 47.156 | 80,638 | 6.108 |
| Result of Insurance Services | -19,842 | 828 | - | -5,093 | 289.593 |
| Net Profit (Loss) of The Insurance Results | -6,063 | -1,241 | 388.557 | -7,936 | -23.601 |
| Net Profit (Loss) of The Investment Results | 5,267 | 3,013 | 74.809 | 4,644 | 13.415 |
| Net Insurance Financing Expenses | -425 | -206 | 106.31 | -23 | 1,747.826 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | -6,291 | -5,860 | 7.354 | -5,007 | 25.644 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -6,244 | -3,328 | 87.62 | -1,918 | 225.547 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 304,625 | 309,459 | -1.562 |
| Profit (Loss) per Share | -0.15 | -0.14 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | -194,111 | -45.14 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the revenues during the current quarter compared to the same quarter of last year is | 'The increase in the insurance revenue during the current quarter compared to the same quarter of last year is SAR +27.4 million, this is mainly due from the following net effects: 1) Increase in GWP by SAR +12.9million 2) Increase with change in Unearned Premium Reserves by SAR +15.7 million 3) A lower change in Premium Debtors' Provision by SAR -1.2 million |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | 'The decrease in the net profit for the current quarter compared to the same quarter of the last year is SAR -0.431 million, this is mainly due from the following net effects: 1) Decrease in Net Insurance service result by SAR -4.82 million 2) Increase in net investment income by SAR +2.25 million 3) Increase in Net insurance finance expenses by SAR -0.21 million 4) Decrease in Other operating income by SAR -0.3 million 5) Saving in Other operating expenses by SAR +3.74 million 6) A higher change in ZAKAT provision Expense by SAR -1.09 million |
| The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is | 'The increase in the insurance revenue during the current quarter compared to the previous quarter is SAR +4.9 million, this is mainly due from the following net effects: 1) Decrease in GWP and others by SAR -20.3 million 2) Increase in change in Unearned Premium Reserves by SAR +23.4 million 3) A positive change in Premium Debtors' Provision by SAR +1.8 million |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is | 'The decrease in the net profit for the current quarter compared with the previous quarter of the last year is SAR -1.3 million, this is mainly due from the following net effects: 1) A Decrease in Net Insurance service result by SAR +1.8 million 2) Increase in Net investment income by SAR +0.6 million 3) Increase in Net insurance finance expenses by SAR -0.4 million 4) Lower Other operating income by SAR -3.4 million 5) Increase in Other operating expenses by SAR -0.6 million 6) A positive change on ZAKAT provision by SAR +0.7 million |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | The external auditors, draw attention to Note 2 to the accompanying interim condensed financial statements, which states that the Company has generated a net comprehensive loss of SAR 6.24 million for the three-months period ended 31 March 2026 (SAR 3.33 million for the three-months period ended 31 March 2025), and as of that date, the Company’s accumulated losses have reached SAR 194.11 million (as at 31 December 2025: SAR 187.82 million), representing 45.14% of the share capital as at 31 March 2026 (as at 31 December 2025: 43.68%). These events and conditions indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. However, the accompanying condensed interim financial statements are prepared using the going-concern assumption based on management’s assessment on the Company’s ability to continue as a going concern as detailed in the above referred note. |
| Reclassification of Comparison Items | None |
| Additional Information | None |