Logo of Malath Cooperative Insurance Co.
Malath Cooperative Insurance Co. announced a significant favorable impact of 7.7% in its net assets, due to an increase in the investments held in Najm for Insurance Services Co. (Najm).
In a statement to Tadawul, Malath Insurance indicated that it owns a 3.45% stake in Najm at a book value of SAR 13.9 million.
However, it will now be valued at a fair value estimated at SAR 39.7 million for the year ended Dec. 31, 2022.
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