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RIYADH: Saudi Arabia’s insurance sector recorded a 31.9 percent increase in its total gross written premiums to SR13 billion ($3.46 billion) in the third quarter of 2022 compared to the same period last year, according to a recent report released by the Saudi Central Bank, also known as SAMA. Gross written premiums are the total premiums an insurer writes during a specific
RIYADH: Finance companies’ loans to the Saudi mining and quarrying sector surged 60 percent to SR237.1 million ($63 million) in the second quarter from SR148.2 million during the same period last year, revealed the data released by Saudi Central Bank, also known as SAMA. Credit to the sector, which constitutes 1.4 percent of the overall loan disbursals from finance companies,
RIYADH: Total gross written premiums of the insurance sector increased 28.8 percent to SR12.2 billion ($3.3 billion) in the second quarter from SR9.5 billion in the same period last year, reported Saudi Central Bank, also known as SAMA. “GWPs are a good indicator of the overall development of the sector,” Jarmo Kotilaine, an economist and strategist focusing on the Gulf