Saudi Indian Company for Cooperative Insurance (Wafa Insurance) released financial statements for the period ending 28 February, which reflected SAR 3.37 million net earnings.

Net earnings before Zakah until 28 February amounted to SAR 6.46 million (SAR 0.65 per share), according to the company's filing to Saudi bourse.

The accumulated losses reached SAR 64.162 million, or 64.162% of paid-in and issued capital.