Al-Ahleia Insurance Company’s financial statements posted results dropping by about 10.3% in 2014.

Al-Ahleia posted a net profit worth KWD 8.52 million (about $28.66 million) in 2014, compared to KWD 9.50 million (about $31.96 million) in 2013.

The insurance firm recorded earnings worth KWD 1.03 million in Q4-2014 against KWD 2.03 million in Q4-2013, plunging by about 49%.

The Board of Directors has recommended a cash dividend of 32% or 32 fils per share for the financial year of 2014.