Losses widened by 70% to reach AED 45 million in H1-16 (Photo Credit: Arabianeye-Reuters)
Al Khazna Insurance
AKIC
AKIC
Abu Dhabi-Mubasher: Al Khazna Insurance saw a 58.1% rise year-on-year in its losses during the second quarter of 2016, according to a bourse statement.
Losses stood at AED 34 million ($9.3 million) in Q2-16, compared to AED 21.5 million ($5.9 million) in Q2-15.
The company’s losses widened by 70% to reach AED 45 million in H1-16, compared to AED 26.5 million incurred in H1-15.
Source:
Mubasher
