Mutakamela Insurance Co. announces its Interim Financial Results for the period ending on 2026-06-30 ( Six Months )

Mutakamela Insurance Co. reported a net loss after Zakat of SAR 22.02 million for the first half of 2026, a significant reversal from the SAR 14.52 million profit recorded during the same period in the previous year.
Total insurance revenues for the six-month period declined by 4.29% to SAR 408.62 million, primarily driven by a SAR 35.38 million decrease in medical insurance revenue that was only partially offset by growth in other insurance lines.
The transition to a net loss was largely attributed to a 34.06% surge in insurance service expenses, which increased by SAR 79.43 million and resulted in a net insurance deficit of SAR 24.20 million compared to a prior-year surplus.
The company's loss per share reached SAR 0.37 for the period ending June 30, 2026, while total shareholders' equity decreased slightly by 2% to SAR 702.51 million compared to the same period last year.