Solidarity Saudi Takaful Co. (Solidarity Takaful) narrowed net losses before Zakat by 26.4% year-on-year (YoY) to SAR 43.9 million for the fiscal year 2019 from SAR 59.7 million a year earlier.
The decline in losses is attributed to the positive shareholder's investment income of SAR 14.8 million compared to the negative shareholders' investment loss of SAR 10.9 million in 2018.
In Q4 2019, the company reported a net loss of SAR 1.8 million compared to SAR 62.71 million same period last year.
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